Salary Loan

Services to teachers, pensioners, LGU's personnel, Brgy. Officials etc. for livelihood projects and for tuition fees.

A. ELIGIBLE CLIENTS:


1. 18 years old and above with permanent status in employment


B. COLLATERAL:


1.    Memorandum of Agreement of the       Agency where the employee is working for direct payroll deduction


2.    Encase of LGU employee a Sanguniang Bayan resolution that the allow their employee to avail loan and be in direct payroll deduction



3.    In case of Brgy. Officials a A council resolution allowing their barangay captain, treasurer and Secretary the authorize signatories for availing loan and it should be a direct payroll deductions.


4.    debt capacity is  within 40% of the Net cash inflow.


5.    Comm. Tax NO.

C. REQUIREMENT:


1. Min. Deposits P 500.00

2. must be" I Care member" w/ 1x1 picture

3. CTC

4. ID 2 pcs. 2x2 for application

5. In case of Firm: BOD resolution authorize signatories and the amount applied for loan, Audited Financial Statement 3 years.