LOAN 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2.5% per month not to be deducted in advance; Monthly interest, thereafter to be withdrawn from borrowers debit card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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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%.


Approved further that if the member’s or aggregate family group’s share capital already amounts to P1.0 million or more, deduction of CBU shall be at the option of the borrower and the amount to be deducted for CBU shall only be at 0.5%. Approved furthermore that the CBU shall be subject to a minimum of P1,000.00 and in multiples of P1,000.00 to be credited directly to the borrower’s share capital.

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;

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