A regular member affected by natural calamity may avail a zero-interest calamity assistance loan.
P12,000 to P27,000 after the first capital deduction
P36,000 to P48,000 after one year of continuous membership
P60,000 to P72,000 after two years of continuous membership
P84,000 to P96,000 after three years of membership
The member must secure a Barangay certificate for calamity amounting to P60,000
Payments shall be made through payroll deduction. Provided that all loan amortizations should not exceed 25% of the gross salary and that the net take home pay per pay period will not be less than P5,000.
The following charges are deducted immediately from the loan: a) Service fee: 2% fro amounts P48,000 & below, and 3% for P60,000 & above and b) Filing Fee: P100.
Penalty of 0.5% per month shall be charged on the outstanding balance due to delayed payment or failure to pay.
This loan may be renewed, paid in full or deducted from other loans.
Procedures in applying for a loan: (a) Apply online and upload the required Barangay certificate for loans of P60,000 and above. The Credit Committee will review the application and the uploaded documents in the system. (b) Once approved, the administrative staff will process the loan and the amount will be credited it to the member's bank account within three working days
