Appliance Loan
| Appliance Loan Details | |
|---|---|
| Loan Amount | Computation based on SRP + other charges |
| Interest Rate | 2% per month (Diminishing) |
| Terms | Maximum of 12 months |
| Share Capital Requirements | None |
| Collateral to be Submitted | None |
| Collateral Subject to Forfeiture / Foreclosure / Repossess Once Default in Payment | Unit of appliance / gadget |
| Processing Time | 1 to 2 weeks |
| Eligibility / Qualifications | At least ₱1,700 in share capital |
| Insurable Age | Up to 69 years old |
| Cash Out | None |