The Benefits of Being a Member of CBMPC: Come and Join Us!

Presenting a laundry list of our products/services and benefits:

1. Various deposit products with interest rates that are comparable if not higher than bank rates and are tax-exempt:

• Savings Deposit – with an opening and minimum maintaining balance of ₱1,000 and interest rate of 1%
• Regular and Special Time Deposits – with several ranges in amounts, terms and interest rates; starting from a mini- mum of ₱5,000 for 90 days term at 1.5% interest rate (for Regular Time Deposit) and a minimum of P200,000.00 for 1 year term at 3% interest rate (for Special Time Deposit). Of course, bigger deposits and/ or longer terms mean higher tax-free interest rates.

2. Various loan products available to regular and associate members:

  2.1. Regular Members

• Regular Loan I — open for regular members of more than 3 months and with minimum share capital of ₱5,000; for providential needs or for small scale production purposes; loanable amount up to 3x of share capital; payable within a maximum term of 3 years on a monthly/ quarterly / semi-annual / annual basis; at 8% p.a. interest rate on the amount equivalent to the borrower’s share capital and 12% p.a. on the amount in excess, deducted in advance from loan proceeds, and computed on diminishing loan balance
• Regular Loan II — open for regular members of more than 3 months and with minimum share capital of ₱5,000; for the same purposes as Regular Loan I; loanable amount up to 90% of borrower’s Time Deposit or CBMPC Bond as collateral; payable before or upon maturity of the collateral; with interest rate equiva- lent to that of his Time Deposit or CBMPC Bond plus 4.5%
• Dream Loan I — open for regular members of more than 3 months and with paid in capital of ₱50,000; for special purposes such as house renovation, travel, car purchase, etc.; loanable amount up to 3x of share capital; with flexible/negotiable terms of payment, but not to exceed 5 years; at 12% p.a. interest rate
• Business Loan I — open for regular members of more than 3 months and with paid in capital of ₱50,000; for business endeavor of the borrower, subject to evaluation; loanable amount up to 3x of share capital; for a negotiable term not to exceed 3 years, payable in equal monthly amortizations (principal and interest); LBP rediscounting rate plus 4.5% or 12% p.a., whichever is higher, subject to periodic review
• Pension Loan — open for all regular members with minimum share capital of ₱5,000; for whatever legal purpose of the borrower; loanable amount up to 3x the monthly pension, with a minimum loan of ₱10,000 and a maximum of ₱300,000; for a term not to exceed 2 years in monthly amortizations (principal and interest) through GSIS/SSS pensions or lump sum upon maturity; at 9% p.a. interest rate
• Gadget Loan — open for all members of at least 3 months and with minimum share capital of ₱5,000; for purchase of computer, laptop, and other gadgets; loanable amount is from ₱20,000 to ₱100,000; for a term not to exceed 2 years; at 10% p.a. interest rate for regular members and 12% p.a. interest rate for associate members

   2.2. Associate Members

• CMLP I — open for all members of at least 3 months and with minimum share capital of ₱5,000; for providential needs (ex.: education, hospitalization, etc.) or for small scale production purposes (ex.: backyard farming, sari-sari store capitali- zation, etc.); loanable amount up to 3x of share capital; payable in six months to one year; at 2.5% fixed interest rate per month, to be withdrawn from borrower’s debit card
• CMLP II — the same as CMLP I, except for a 2% interest rate per month deducted in advance from loan proceeds and computed on diminishing loan balance,
• CMLP III — open for all members of at least 3 months and with paid in capital of ₱50,000; for the same purposes as CMLP I & II above; loanable amount up to 90% of borrower’s Time Deposit or CBMPC Bond; payable in six mos. to one year; at 10% p.a. interest rate, deducted in advance from loan proceeds, and computed on diminishing loan balance
• Dream Loan II — open for all members of at least 3 months and with paid in capital of ₱50,000; under the same terms and conditions as Dream Loan I; except for a 14% p.a. interest rate
• Business Loan II — open for all members of at least 3 months, with minimum paid in capital of ₱50,000 and with previous very satisfactory credit relationship with CBMPC; for business endeavor of the borrower, subject to evaluation; loanable amount up to 3x of share capital; for a negotiable term not to exceed 2 years, payable in equal monthly amortizations (principal and interest); LBP rediscounting rate plus 5.5% or 14% p.a., whichever is higher, subject to periodic review
• Gadget Loan — open for associate members of at least 3 months and with minimum share capital of ₱5,000; for purchase of computer, laptop, and other gadgets; loanable amount is from ₱20,000 to ₱100,000; for a term not to exceed 2 years; at 12% p.a. interest rate.

3. Available Investments:

• CBMPC Bonds with yield higher than Treasury Bills and Retail Treasury Bonds due to our tax exemption privilege
• LSERV shares with high dividends of ₱720-₱740 or about 8-9% per share in 2021 and 2022, respectively. Starting 2021, CBMPC acts as broker of LSERV shares of its members who intend to trade. Since then, CBMPC was able to trade a total of 1,916 LSERV shares, and at present there are only 61 shares available for trading.

4. Enrolment in Health Care Providers or Health Maintenance Organizations (HMO) up to age 75. For September 1, 2023 to August 31, 2024, the appointed HMO is the reputable Value Care Health Systems, Inc. where we were able to negotiate for the lowest premiums as compared to other HMOs.

5. Accredited by the Department of Agriculture – Agricultural Credit Policy Council as a lending conduit providing 0% interest rate with a minimal service fee for members with small agricultural projects.

6. Access to the Agricultural Competitiveness Enhanced Fund of the Department of Agriculture, as managed by the Micro- finance Institutions Department of the LANDBANK, with interest rate of 6% p.a. for Agribusiness loans.

7. Partnership with the Small Business Corporation, an attached agency of the Department of Trade and Industry, as fund provider for micro, small and medium enterprises thru its Pondo sa Pagbabago at Pag-asenso (P3) Program, with interest rate at LANDBANK rediscounting rate plus spread of 4.5% p.a.

What more can a CBMPC member need or ask for? Once again, COME AND JOIN US.

Membership Application forms may be accessed thru CBMPC’s website at cbmpc.org. By the way, the members have the option to pay the minimum share capital of ₱50,000 upfront or initially at ₱5,000 and the balance of P45,000 in installments within a maximum of three years