For Livelihood purposes

• ↪ Loanable amount is 70-80% of the Appraised Value of the Collateral (Only Real Properties)
• ↪ Loan applicant is required to submit a business plan
• ↪ Applicant must be less than 65 years old
• ↪ For business needing a capital infusion of P1M and below

Capital Intensive
(Income Generating)

• ↪ Loanable amount is 70-80% of the Appraised Value of the Collateral (Only Real Properties)
• ↪ Applicant must be less than 65 years old
• ↪ For business needing a capital infusion of more than P1M

Finance a Business Venture

• ↪ Minimum loanable amount is P500,000 (the NOCSF Committee can raise the amount on meritorious cases)
• ↪ A project capital of at least 10% of the amount applied must be deposited with SUCC before the loan can be processed
• ↪ Applicant must pay for the filing fee and cost of processing as determined by the committee
• ↪ Applicant must be less than 65 years old
• ↪ To issue postdated checks

To realize a small business venture

• ↪ Maximum loanable amount: P100,000
• ↪ To attend a “How to Start a Business Seminar” conducted by SUCC
• ↪ Submit a business proposal and FS projection
• ↪ Applicant must be less than 65 years old

Emergency or Urgent Needs

• ↪ Maximum loanable amount is P10,000
• ↪ Available in two releases
• ↪ No forms needed for application

Financing, Appliances or Necessary Activities

• ↪ Maximum loanable amount is P50,000
• ↪ Can be applied in two ways:
• ↪ For one-time loan, maximum loanable amount is Php 50,000
• ↪ For loans which are Php20,000 or less, a member may avail for at most 5x but not to exceed a total aggregate amount of Php50,000

For Wellness Needs

• ↪ Maximum loanable amount is P50,000.
• ↪ Caring fund of 1% to be deducted from the proceeds
• ↪ Wellness savings of 10% to be deducted from the proceeds which will earn interest the same as the regular savings deposit
• ↪ Wellness savings can be withdrawn upon full payment of the loan
• ↪ Renewable upon full payment

For School Fees and School Needs

• ↪ Maximum loanable amount is P15,000
• ↪ Interest is fixed
• ↪ Can only be availed during the months of March, May and October

Finance Urgent Commodity Needs

• ↪ Interest will start on the second month
• ↪ NO interest will be collected if fully paid within the first month
• ↪ Service Fee will be paid in cash
• ↪ Gift certificates will be released to the member instead of check (Cangs, Lee Plaza & Robinson)
• ↪ Priority in the payroll deduction

Event-Specific Loan Window may either be in Celebration of or address Calamity

• ↪ Anniversary Loan
• ↪ Calamity Loan
• ↪ Housing Loan
• ↪ Car Loan

Loan Restructure

• ↪ Applicant should pay in cash/in check the total unpaid interest and penalty up to the current
• ↪ Member can only avail of Wellness Loan but subject to loan capping in relation to membership category
• ↪ Member will not receive any proceeds in cash/check.
• ↪ Any excess will be credited to member’s share capital account.

Loan Restructure

• ↪ Applicant should have consistently paying his/her account for 12 consecutive months
• ↪ Cannot avail of any other loan services unless 90% of Bridging Loan is paid except emergency loan of Php10,000 once a year only. Disregard capping.
• ↪ Member will not receive any proceeds in cash/check.
• ↪ Any excess will be credited to member’s share capital account.
• ↪ 8% Diminishing yearly
• ↪ Deficient members will be reported to the Board on a monthly basis.

Acquire or Repair of Vehicle

• ↪ Acquiring or repair and maintenance of vehicle
• ↪ Open only to members with Category 1 2 and 4. Category 5 member is subject to CIBI

Any kind of need

• ↪ Amount depends on membership category and share capital

Any kind of need

• ↪ Same requirement as Regular Loan
• ↪ Interest rate shall be the difference of Regular Loan Interest Rate and Termed Savings