Business Loan
- For Business Owners (Existing Business Only)
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Business Permit/Licenses
- Proof of Billing
- Post-dated check (PDC) for Loan of more than ₱50,000.00
- Other requirements that the Management sees eligible for the Loan approval
Salary Loan
- Regular Employees
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Certificate of Employment with Compensation details
- 1-month pay slip (latest)
- Proof of Billing
- Other requirements that the Management sees eligible for the Loan approval
- ATM card or through Salary deduction (If Loan is more than ₱50,000.00)
Micro Assistance Loan
- Small Entrepreneurs with existing Business
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Business Permit/ Barangay Business Clearance
- Photos of Business
- Barangay Clearance for Loan purposes
- Proof of Billing
- Xerox of Valid ID with 3 signatures
SME Regular Loan
- Business Owners
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Business Permit/ Barangay Clearance
- Barangay Clearance for Loan purposes
- Photos of Business
- Sketch of Residency
- Proof of Billing
- 2 x 2 picture
- Valid ID with 3 signatures
OFW/Remittance Loan
- Individuals receiving a remittance from abroad
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Pay slip 3 months
- Contract
- Bank statement
- Photocopy of ATM
- Proof of Billing
- 2 x 2 pictures
- Valid ID with 3 signatures
ATM/Payroll Loan
- Regular Employee (Private or Government)
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Pay slip 3 months
- COE/ Contract
- Bank statement
- Photocopy of ATM
- Sketch of residency
- Proof of billing
- 2 x 2 picture
- Valid ID with 3 signatures
Brgy. Community Assistance Program BCAP
- Barangay Employees
Requirements:
- Co-maker (COOP Member) Barangay Chairman and Treasurer will be the Co-maker
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Memorandum of Agreement between NEC MPC and Barangay
- 1-month pay slip
- Salary Deduction
- Other requirements that the Management sees eligible for the Loan approval
Back-to-Back Loan
- All Cooperative Members with Time Deposit
Requirements:
- Fill Up Loan Application Form
Frequently Asked Questions
How to apply for a loan?
Members must first answer the Loan application form and other mandatory forms and then proceed to their COOP branch to get an assessment for their Loan Application. If the Loan assessment is okay with the member he/she will undergo a Credit Investigation/Background Information (CI/BI) by the Loan Officer to verify the truthfulness of the information that the member has stated in the forms. Once the LO approves the CI/BI member then needs to wait for the approval of the Supervisor depending on the Loan amount.
What are the requirements needed when applying for a loan?
Requirements:
- Co-maker (COOP Member)
- Co-maker contact number and 1 x 1 picture
- Xerox of Co-maker valid ID with 3 signatures
- Fill Up Loan Application Form
- Promissory Note
- Health Declaration Form
- Business Permit/Licenses
- Proof of billing
- Post-dated check (PDC) for Loan of more than ₱50,000.00
- Other requirements that the Management sees eligible for the Loan approval
How long is the approval of the loan application?
Maximum of 1 – 2 weeks