LOAN MATRIX
View Table in Full SizeLOAN PRODUCTS | ELIGIBLE BORROWERS | LOANABLE AMOUNT | PURPOSE | INTEREST RATE | SERVICE FEE | PENALTY FEE | TERM & MODE OF PAYMENT | COLLATERAL | CAPITAL BUILD-UP | NON-FINANCE CHARGES | DOCUMENTARY REQUIREMENTS |
CMLP I | Associate Members - CBMPC Member for at least 3 months - With a minimum share capital of P5,000.00 | For the new borrowers, up to six-time (6x) of share capital or a maximum of P100,000.00 subject to capacity to pay; For the existing borrowers, up to six-time (6x) of share capital or maximum of P200,000.00 subject to capacity to pay. | Providential (education, hospitalization, payment of higher interest loan from private lenders or credit cards, financial support to family members) or production (income generating project-ex. backyard piggery/poultry, sari-sari store, capital for buy & sell of small items, capital for network marketing or online selling) | 2.5% per month not to be deducted in advance; Monthly interest, thereafter to be withdrawn from borrowers debit card | 2% to be deducted in advance from loan proceeds; renewal with another 2% service fee | 1.5% per month based on unpaid amortization due; a fraction of a month shall be considered one full month | 6 months up to a maximum of one year, based on capacity to pay or project cash flow | Debit authority in addition to debit card | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection premium thru CISP or Country Bankers | Loan Application; Promissory Note; Disclosure Statement; Latest Pay Slip; PFO Statement of Equity Contribution; Photocopy of ID |
CMLP II | Associate Members - CBMPC Member for at least 3 months - With paid-in capital of P5,000.00 | For the new borrowers, up to six-time (6x) of share capital or a maximum of P100,000.00 subject to capacity to pay; For the existing borrower, up to six-time (6x) of share capital or maximum of P200,000.00 subject to capacity to pay. | Providential (education, hospitalization, payment of higher interest loan from private lenders or credit cards, financial support to family members) or production (income generating project-ex. backyard piggery/poultry, sari-sari store, capital for buy & sell of small items, capital for network marketing or online selling) | 2% per month; interest computed on diminishing loan balance | 2% to be deducted in advance from loan proceeds; renewal with another 2% service fee | 1.5% per month based on unpaid amortization due; a fraction of a month shall be considered one full month | 6 months up to a maximum of one year, based on capacity to pay or project cash flow | PDC and Debit Authority | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection premium thru CISP or Country Bankers | Loan Application; Promissory Note; Disclosure Statement; Latest Pay Slip; PFO Statement of Equity Contribution; Photocopy of ID |
CMLP III | Associate Members - CBMPC Member for at least 3 months - With paid-in capital of P50,000.00 | Against Share Capital - 90% loan value Against TD, STD and CBMPC Bond Against TD, STD - 90% loan value Againts CBMPC Bond - 80% loan value | Providential (education, hospitalization, payment of higher interest loan from private lenders or credit cards, financial support to family members) or production (income generating project-ex. backyard piggery/poultry, sari-sari store, capital for buy & sell of small items, capital for network marketing or online selling) | 10% per annum; interest computed on diminishing loan balance | 2% to be deducted in advance from loan proceeds; renewal with another 2% service fee | 1.5% per month based on unpaid amortization due; a fraction of a month shall be considered one full month | 6 months up to a maximum of one year, based on capacity to pay or project cash flow | PDC and Debit Authority | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection premium thru CISP or Country Bankers | Loan Application; Promissory Note; Disclosure Statement; Latest Pay Slip; PFO Statement of Equity Contribution; Photocopy of ID |
REGULAR LOAN I | Regular Members | Up to six times (6x) of share capital subject to capacity to pay (pension and other income) but not to exceed the 15% Single Borrower's Limit (SBL) | Providential (education, hospitalization, payment of higher interest loan from private lenders or credit cards, financial support to family members) or production (income generating project-ex. backyard piggery/poultry, sari-sari store, capital for buy & sell of small items, capital for network marketing or online selling) | 12%p.a. on the amount equivalent to members share capital; 14% p.a.on the amount in excess of the member's share capital (interest computed on diminishing loan balance) | 1% to be deducted in advance from loan proceeds; another 1% on the succeeding years based on the outstanding loan balance | 1.5% per month based on unpaid amortization due; a fraction of a month shall be considered one full month | Maximum of 3 years payable on a monthly/quarterly/semestral/annually basis subject to cash flow of the borrower | Any acceptable collateral (unregistered REM or unregistered CM, pledge or deed of assignments on assets or properties), if the loan amount is more than P100,000.00 | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers (may be waived if there is unregistered REM or CM; Notarial Fee | Loan Application; Promissory Note; Disclosure Statement; Deed of Assignment of Share Capital; Photocopy of ID |
REGULAR LOAN II | Regular Members | Against Share Capital - 90% loan value | Providential (education, hospitalization, payment of higher interest loan from private lenders or credit cards, financial support to family members) or production (income generating project-ex. backyard piggery/poultry, sari-sari store, capital for buy & sell of small items, capital for network marketing or online selling) | LBP rediscounting rate upon availment + 4.5%; subject to periodic review | 1% to be deducted in advance from loan proceeds; another 1% on the succeeding years based on the outstanding loan balance | 1.5% per month based on unpaid amortization due; a fraction of a month shall be considered one full month | Maximum of 5 years- mode of payment either monthly payment of interest only & lumpsum principal subject to arrangement with the borrower | Deed of Assignment of Share Capital; Authority to Debit or PDCs | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Notarial Fee | Loan Application; Promissory Note; Disclosure Statement; Deed of Assignment on Share Capital; Photocopy of ID |
Against TD, STD and CBMPC Bond Against TD, STD - 90% loan value Againts CBMPC Bond - 80% loan value | Providential (education, hospitalization, payment of higher interest loan from private lenders or credit cards, financial support to family members) or production (income generating project-ex. backyard piggery/poultry, sari-sari store, capital for buy & sell of small items, capital for network marketing or online selling) | TD, STD Interest rate + 4.5% ; subject to periodic review ;CBMPC Bond Interest rate + 4.5% | 1% to be deducted in advance from loan proceeds; another 1% on the succeeding years based on the outstanding loan balance | 1.5% per month based on unpaid amortization due; a fraction of a month shall be considered one full month | Co-terminus with the maturity of TD, STD, or CBMPC Bond or earlier depending on the borrower | Deed of Assignment of TD, STD or CBMPC Bond; Authority to Debit or PDCs | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Notarial Fee | Loan Application; Promissory Note; Disclosure Statement; Deed of Assignment on TD/STD/CBMPC Bond; Photocopy of ID | ||
DREAM LOAN I | Regular Members -With a minimum share capital of P50,000.00 | Up to six times (6x) of share capital, based on financial needs and capacity to pay (pension and other income but not to exceed the 15% Single Borrower's Limit (SBL) | Purchase of a car, house renovation, travel, HMO premium, etc., | 12% per annum | 2% on the amount of loan to be deducted in advance from loan proceeds; another 2% on the succeeding years based on the outstanding loan balance | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month3,181.00 | Flexible depending on borrower's capacity to pay in structuring the term but not to exceed 5 years. Loan amortization shall be negotiated with the borrower (equal amortization, balloon payment, drop payment, or lump sum) | Any acceptable collateral (unregistered REM or unregistered CM, pledge or deed of assignments on assets or properties), if the loan amount is more than P100,000.00 | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers (may be waived if there is unregistered REM or CM ; | Loan Application; Promissory Note; Disclosure Statement; Unregistered REM or Unregistered Chattel Mortgage; (TCT or OCT or Condo Title) or Certificate of Registration of motor vehicle; Photocopy of ID |
DREAM LOAN II | Associate Members - CBMPC Member for at least 3 months -With a minimum share capital of P50,000.00 | Up to six times (6x) of share capital, based on financial needs and capacity to pay (pension and other income but not to exceed the 15% Single Borrower's Limit (SBL) | Purchase of a car, house renovation, travel, etc., | 14% per annum | 2% on the amount of loan to be deducted in advance from loan proceeds; another 2% on the succeeding years based on the outstanding loan balance | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Flexible depending on borrower's capacity to pay in structuring the term but not to exceed 5 years. Loan amortization shall be negotiated with the borrower (equal amortization, balloon payment, drop payment, or lump sum) | Any acceptable collateral (unregistered REM or unregistered CM, pledge or deed of assignments on assets or properties), if the loan amount is more than P100,000.00 | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers (may be waived if there is unregistered REM or CM ; | Loan Application; Promissory Note; Disclosure Statement; Unregistered REM or Unregistered Chattel Mortgage; (TCT or OCT or Condo Title) or Certificate of Registration of motor vehicle; Photocopy of ID |
BUSINESS LOAN I | Regular Members - With a minimum share capital of P50,000.00 | Up to six times (6x) of share capital or 80% of project cost whichever is lower but not to exceed 15% Single Borrower's Limit (SBL); If the share capital is not enough to meet the 80% of project cost, additional share capital shall be required from the borrower. | Any business endeavor of the borrower subject to evaluation | LBP rediscounting rate + 4.5% per annum at the time of availment; subject to periodic review | 1% service fee on the amount of loan to be deducted from loan proceeds; another 1% on the succeeding years based on the outstanding loan balance | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Subject to evaluation but not to exceed 3 years in equal monthly amortization (principal and interest) or other terms depending on the cash flow of the project | Any acceptable collateral (unregistered REM or unregistered CM, pledge or deed of assignments on assets or properties), if the loan amount is more than P100,000.00 | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers (may be waived if there is unregistered REM or CM ; | Loan Application; Promissory Note; Disclosure Statement; Photocopy of ID; If the business is registered, copy of Business Permit, BIR Registration, other documents that the borrower can supply based on an interview; If unregistered, garland for crop production, fishpond, condo for rent, copy of tax declaration on the property, whichever is applicable |
BUSINESS LOAN II | Associate Members - CBMPC Member for at least 3 months - With a minimum share capital of P50,000.00 - With a previous very satisfactory credit relationship with CBMPC | Up to six times (6x) of share capital or 80% of project cost whichever is lower but not to exceed P500,000.00; If the share capital is not enough to meet the 80% of project cost, additional share capital shall be required from the borrower. | Any business endeavor of the borrower subject to evaluation | 12% per annum with annual repricing | 2% service fee on the amount of loan to be deducted from loan proceeds; another 2% on the succeeding years based on the outstanding loan balance. | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Subject to evaluation but not to exceed 2 years in equal monthly amortization (principal and interest) or other terms depending on the cash flow of the project | Any acceptable collateral (unregistered REM or unregistered CM, pledge or deed of assignments on assets or properties), if the loan amount is more than P100,000.00 | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers (may be waived if there is unregistered REM or CM | Loan Application; Promissory Note; Disclosure Statement; Photocopy of ID; If the business is registered, copy of Business Permit, BIR Registration, other documents that the borrower can supply based on an interview; If unregistered, garland for crop production, fishpond, condo for rent, copy of tax declaration on the property, whichever is applicable |
PENSION LOAN | Regular Members | 3 times the monthly pension; Minimum of P10,000.00; Maximum of P300,000.00 | 12% per annum | 1% service fee on the amount of loan to be deducted from loan proceeds; another 1% on the succeeding years based on the outstanding loan balance. | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Maximum of 2 years; Payable monthly (principal and interest ) thru GSIS/SSS pension or lump sum upon maturity | Any acceptable collateral (unregistered REM or unregistered CM, pledge or deed of assignments on assets or properties), if the loan amount is more than P100,000.00 | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers (may be waived if there is unregistered REM or CM | Loan Application; Promissory Note; Disclosure Statement; Photocopy of ID | |
GADGET LOAN | Regular; Associate Members - CBMPC Member for at least 3 months; with paid-in capital of P5,000.00 | P20,000.00 - P100,000.00 | Purchase of computer, laptop, ipad and other gadgets | Regular Members - 10% per annum Associate - 12% per annum | Regular Member - 1% service fee on the amount of loan to be deducted from loan proceeds; another 1% on the succeeding years based on the outstanding loan balance. Associate Member - 2% service fee on the amount of loan to be deducted from loan proceeds; another 2% on the succeeding years based on the outstanding loan balance. | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Maximum of 2 years | Unregistered Chattel Mortgage Agreement; PDCs | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| CIC fee - P55.00; Loan payment protection insurance premium thru CISP or Country Bankers | Loan Application; Promissory Note; Disclosure Statement; Photocopy of ID; Sales invoice of items purchased |
STAFF LOAN | Regular Staff | Up to 3X the monthly basic pay; Maximum of P100,000.00 | Multi-purpose | 12% per annum not to be deducted from the loan proceeds | 2% service fee on the amount of loan to be deducted from loan proceeds; another 2% on the succeeding years based on the outstanding loan balance. | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Maximum of 2 years | Payroll every 15th and 30th of the month | Per Board Resolution No. 21-01-020: for purposes of capital build-up (CBU) on loans availed by members, whether regular or associate, a certain percent of the loans availed shall be deducted as follows: up to P250,000.00 - 2%; more than P250,000.00 up to P500,000.00 - 1.5%; more than P500,000.00 - 1%. 1%.
| Loan payment protection insurance premium thru CISP or Country Bankers | Loan Application ; Promissory Note; Disclosure Statement; Photocopy of ID |
INTER-COOP LOAN | Other Cooperatives | Up to credit line amount | Micro financing | LBP rediscounting rate plus 4.5% at the time of availing; subject to periodic review | 2% service fee on the amount of loan to be deducted from loan proceeds | 1.5% per month on unpaid amortization due; a fraction of a month shall be considered one full month | Co-terminus with the credit line expiry date | Sub-PN of Borrowers; PDCs | Not Applicable | CIC fee - P55.00 | Loan Application; Promissory Note; Disclosure Statement; List of Borrower's Sub-PN; |