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Contactstvincent2019-07-01T06:33:05+00:00


 

We are SVFP Multipurpose Cooperative. Our cooperative is duly registered with the Cooperative Development Authority (CDA), the regulatory agency of the Government of the Republic of the Philippines over matters concerning the development of the cooperatives in the country.

GET IN TOUCH

Odiongan Branch : CP – (0907)-101-9348
Odiongan Branch : Tel – (042) 567-2352

Romblon Branch : CP – (0946)-121-1042

Sibuyan Branch : CP – (0916)-671-2057

San Jose Office : CP – (0945)-875-8171

MESSAGE US

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    MICRO Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either form employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Depends on the capacity to pay of the member
    • Loan Ceiling/Amount- Should not exceed P300K For macro-finance – maximum P300.000.00
    • Term of Loan – Maximum of 18 mos. Micro-6 mos
    • Repayment Schedule – Daily, Weekly, Bi-Monthly or Monthly
    1.  Interest- On Effective Rate
      • Clean/Unsecured – 12%
      • Secured – 10%
    2. Service Fee/ Processing Fee – 4%/2%
    3. CBU – 3%/1/5%
    4. Penalty – 2% per month or 24% per annum
    5. Notarial Fee – Minimum of P50.00
    6. Loan Insurance Premium – CIMBS or CISP

    Educational Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but not more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI- Waiting Period if 1st Time: 1month
    • Borrowing Capacity – Up top 1000,000.00
    • Load Ceiling/Amount – Depends on the Capacity of the member-(Capacity Based)
    • Term of Loan – Maximum of one(1) year. Based on the school year of semester
    • Repayment Schedule – Daily, Bi-Monthly or Monthly
    1.  Interest
      • On effective Rate
        • Clean Loan/Unsecured – 12%
    2. Service Fee/ Processing Fee – 2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    Gadget & Appliance Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but not more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity – Up top 1000,000.00
    • Load Ceiling/Amount – Depends on the Capacity of the member-(Capacity Based)
    • Term of Loan – Maximum of 24 Months Beloew 50k -18 mos
    • Repayment Schedule – Daily, Bi-Monthly or Monthly
    • 20% Equity
    1.  Interest
      • On effective Rate
        • Clean Loan/Unsecured – 10%
    2. Service Fee/ Processing Fee – 2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    Equity Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but not more than 65 years old upon loan maturity
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity – Depends on the capacity
    • Load Ceiling/Amount – Up to 75% of the Share Capital
    • Term of Loan – Maximum of 1 year
    • Repayment Schedule – Daily, Bi-Monthly or Monthly
      1.  Interest
        • No  interest
      2. Service Fee/ Processing Fee – 4%
      3. Penalty – 2% per month or 24% per annum

    Hospitalization/ Emergency Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but not more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI -Waiting Period if 1st Time: 1month
    • Borrowing Capacity – Maximum of 1000,000.00
    • Load Ceiling/Amount – Depends on the Capacity of the member-(Capacity Based)
    • Term of Loan – Maximum of one (1) year. Based on the school year or semester
    • Repayment Schedule – Daily, Bi-Monthly or Monthly
    1.  Interest
      • On effective Rate
        • Clean Loan/Unsecured – 12%
    2. Service Fee/ Processing Fee – 2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    LGU & Public/Private Employees Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but not more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity – Maximum of 300,000.00
    • Load Ceiling/Amount – Based on the capacity to pay of the member (Capacity Based)
    • Term of Loan – Maximum of 3 years
    • Repayment Schedule – Lump-sum but interest must be paid monthly
    1.  Interest
      • On effective Rate
        • Salary Deduction – 15%
    2. Service Fee/ Processing Fee – 4%/2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    SVFPMPC Employees Loan

    Terms & Conditions

    • Regular and Probationary/Contractual Employee
    • An Employee has a minimum Share Capital of P5,000.00
    • 18 years old but no more than 60 years old upon loan maturity
    • For Regulation Employees- 80% of his/her Annual Basic Salary multiplied by the number of years served will be the maximum amount;
    • For Contractual and Probationary employees – 70% of the Monthly Basic Salary multiplied by the number of the contract months.
    • Salary Deduction on Bi-Monthly Basis
    1.  Interest
      • On effective Rate
        • Salary Deduction – 8%
    2. Service Fee/ Processing Fee – 1%
    3. Penalty – 2% per month or 24% per annum
    4. Loan Insurance Premium – CIMBS or CISP

    Pension Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Maximum of P300,000.00
    • Loan Ceiling/Amount- Depends on the Capacity of the member – (Capacity Based)
    • Term of Loan – Maximum of 3 years
    • Repayment Schedule – Daily, Bi-Monthly or Monthly
    1.  Interest- Flate Rate
      • Salary Deduction – 8%
    2. Service Fee/ Processing Fee – 4%/2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    Motorcycle Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Depends on the unit
    • Loan Ceiling/Amount- Cost of the unit less P5K down payment
    • Term of Loan – Maximum of 3 years
    • Repayment Schedule – Lump-sum but interest must be paid monthly
    • 20% Equity
    1.  Interest- On Effective Rate
      • Clean Loan/Unsecured – 15%
    2. Service Fee/ Processing Fee – 2.5% (OTC)
    3. Penalty – 2% per month or 24% per annum
    4. Notarial Fee – Minimum of P50.00 (OTC)
    5. Loan Insurance Premium – CIMBS or CISP (OTC)

    For Chattel Mortgage and Encumbrance

    Car Loan

    Terms & Conditions

    • Regular Member with P20,000.00 and above Share Capital
    • 18 years old but no more than 60 years old upon loan maturity
    • With reliable source of income either form employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Requires P20% equity
    • Borrowing Capacity- Depends on the capacity
    • Loan Ceiling/Amount- Depends on the unit less the 20% down payment or equity
    • Term of Loan – Maximum of 5 years
    • Repayment Schedule – Daily, Weekly, Bi-Monthly or Monthly
    • 20% Equity
    1.  Interest- Diminishing based on Anniversary Balance
      • Clean Loan/Unsecured – 15% (OTC)
    2. Service Fee/ Processing Fee – 2.5%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial Fee – Minimum of P50.00 (OTC)
    5. Loan Insurance Premium – CIMBS or CISP (OTC)

    For Chattel Mortgage and Encumbrance

    Commodity Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either form employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Depends on the capacity of the member
    • Loan Ceiling/Amount- P5,000.00
    • Term of Loan – Maximum of 1 month
    • Repayment Schedule – Daily, Bi-Monthly or Monthly
    1.  Interest- Flat Rate
      • Clean Loan/Unsecured – 10%
      • Secured – 8%
    2. Service Fee/ Processing Fee – 2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial Fee – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP (OTC)

    MACRO Loan

    Terms & Conditions

    • Regular Member with P20,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Minimum of 300,000.00
    • Loan Ceiling/Amount- Based on the Capacity to pay of the member
    • Term of Loan – Maximum of two (2) years.
    • Repayment Schedule – Daily, Weekly, Bi-Monthly or Monthly
    1.  Interest- Diminishing based on Anniversary Balance
      • Secured – 15%
    2. Service Fee/ Processing Fee – 4%/2%
    3. CBU – 3%/1/5%
    4. Penalty – 2% per month or 24% per annum
    5. Notarial Fee – Minimum of P50.00
    6. Loan Insurance Premium – CIMBS or CISP

    AGRICULTURAL Loan

    Terms & Conditions

    • Regular Member with P1,300.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Not to exceed 10% of the Net Institutional Capital
    • Loan Ceiling/Amount- Based on the Capacity to pay of the member
    • Term of Loan – Maximum of one (1) year
    • Repayment Schedule – Daily, Weekly, Bi-Monthly or Monthly
    1.  Interest- On Effective Rate
      • Interest – 8% for secured/clean – 10%
    2. Service Fee/ Processing Fee – 4%/2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial Fee – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    BACK to BACK Loan

    Terms & Conditions

    • Regular Member with P5,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Up to 90% Deposit
    • Loan Ceiling/Amount- Based on the Capacity to pay of the member
    • Term of Loan – Maximum of five (5) years
    • Repayment Schedule – Daily, Weekly, Bi-Monthly or Monthly
    1.  Interest- On Effective Rate
      • Spread of 5% plus the interest on deposit
    2. Service Fee/ Processing Fee – 4%/2%
    3. CBU – 3%/1/5%
    4. Penalty – 2% per month or 24% per annum
    5. Notarial Fee – Minimum of P50.00
    6. Loan Insurance Premium – CIMBS or CISP

    Housing Loan

    Terms & Conditions

    • Regular Member with P20,000.00 and above Share Capital
    • 18 years old but no more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity- Not to exceed the Net Institutional Capital
    • Loan Ceiling/Amount- Depends on the Capacity of the member – (Capacity Based)
    • Term of Loan – (Long Term-High) Maximum of five (5) years – P500K and above
    • Long Term – (Med) – Max. of 3 years less than p500K
    • Short Term – Max. of 1 year
    • Repayment Schedule – Daily, Weekly, Bi-Monthly or Monthly
    1.  Interest- Annual Diminishing based on Anniversary Bonus
      • Interest – 8%
    2. Service Fee/ Processing Fee – 2%
    3. Penalty – 2% per month or 24% per annum
    4. Notarial Fee – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    OFW / Contractor Financing

    Terms & Conditions

    • Regular Member with P20,000.00 and above Share Capital
    • 18 years old but not more than 65 years old upon loan maturity
    • With reliable source of income either from employment and/or business/investment
    • MIGS and No adverse findings in CI/BI
    • Borrowing Capacity – Up top 10M
    • Load Ceiling/Amount – Based on the capacity to pay (Up to 10% of the Net Institutional Capital)
    • Term of Loan – Maximum of 3 Months
    • Repayment Schedule – Lump-sum but interest must be paid monthly
    1.  Interest
      • On effective Rate
        • If Deposited in the Coop – 8%
        • If Deposited in the Bank – 15%
    2. Service Fee/ Processing Fee – 4%/12%
    3. Penalty – 2% per month
    4. Notarial – Minimum of P50.00
    5. Loan Insurance Premium – CIMBS or CISP

    All charges must be paid in cash

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