Barangka Credit Cooperative: We Offer Atm Salary Loan! Philippines

BARANGKA CREDIT COOPERATIVE

A Primary Multi-Purpose Cooperative

170 Gen. Julian Cruz St., Barangka, Marikina City

Tel No.: 997-3051 loc. 104  TeleFax: 941-5244

www.barangkacoop.com * marketingbarangka@gmail.com

Membership Requirements:

1. Working or residing in Marikina City, District 3 Quezon City, San Mateo, Montalban, Antipolo, Cainta (Brgy. San Isidro only), and Pasig (Brgy. Dela Paz, Brgy. Santolan, and Brgy. Manggahan only).
2. Attend the Pre-Membership Educational Seminar (PMES)
3. 2 pcs. 2x2 ID picture
4. 2 valid IDs (photocopy)
5. Proof of Billing (photocopy)
6. PMES Certificate
7. Ps. 700 Initial Deposit

Pre-Membership Educational Seminar (PMES) Schedule

Every 1st, 2nd, 3rd Saturday of the month - 8:00 am to 12:00 nn

Last Sunday of the month - 1:00 pm to 5:00 pm

Usually held at the Barangka Credit Cooperative Conference Room, BCC Main Building 170 Gen. Julian Cruz St., Barangka, Marikina City.

Please bring the following: 50pesos - Seminar Fee & 1 valid ID

WE OFFER ATM SALARY LOAN!

ATM Salary Loan Requirements

1. Working or residing in Marikina City, District 3 Quezon City, San Mateo, Montalban, Antipolo, Cainta (Brgy. San Isidro only), and Pasig (Brgy. Dela Paz, Brgy. Santolan, and Brgy. Manggahan only).
2. Already a member (old and new members may avail)
3. Certificate of Employment (original)
4. Latest 1 month payslip (original)
5. ATM (if salary is not thru ATM, PDCs may be issued as collateral)
6. Proof of Billing (photocopy)
7. 3 Co-makers
8. Latest Cedula (photocopy)
9. 1 valid ID for each co-maker
10. 1 family guarantor with stable income
11. Proof of income of family guarantor (ex.: payslip, COE, business permit, etc.)
12. ITR (photocopy)
13. 2 valid IDs (photocopy)
14. Related document that will serve as proof of loan purpose

Basis of Loan Amount                    :           Member’s capacity to pay and loan purpose

Maximum Loanable Amount           :           80% of Annual Net Income

Maximum Term                               :           Eighteen (18) months

Interest Rate                                 :           20% per annum

Mode of Payment                           :           Weekly, Semi-monthly, or Monthly

Method of Interest Computation    :          Straight Line

SAMPLE COMPUTATION

Principal                  :           Php 50,000.00

Term                        :          12 months

Mode of Payment    :           Semi-monthly

Interest on Loan     :           20% P.A.

Retention                :           1%

Service Fee             :           3%

I. Computation of Loan Proceed

Principal                                                                                                          Php 50,000.00

Less:

            Retention                                           Php       500.00

            Service Fee                                                  1,500.00

            Death and Disability Fund                             1,200.00 (Insurance of Loan)

            Notarial Fee                                                    200.00

            Initial Share (for new members)                     3,000.00                                   6,400.00

Loan Proceed                                                                                                   Php 43,600.00

II. Computation of Amortization

Principal (Php 50,000/12/2)                                                           Php 2,083.33

Interest on Loan (Php 10,000/12/2)                                                        416.67

Paid-Up Share Capital                                                                              210.00

Savings Deposit – Regular                                                                         50.00

Total Semi-monthly Amortization                                               Php 2,760.00                                  

If interested, please contact

Meg Torres: 475-0044, 997-3051, 369-7890 loc. 104, 0922-8494741