Character Loan
| Character Loan Details | |
|---|---|
| Loan Amount | 3 times the share capital (Maximum limit of ₱700,000) |
| Interest Rate | 1.25% per month (Diminishing) |
| Terms | Maximum of 60 months (5 years) |
| Share Capital Requirements | 3 times the share capital |
| Collateral to be Submitted | None |
| Collateral Subject to Forfeiture / Foreclosure / Repossess Once Default in Payment | None |
| Processing Time | Minimum of 1 day |
| Eligibility / Qualifications |
With good loan history on 4 consecutive loans, including existing loan (if any). Payment
is on/before the due date and does not exceed a 7-day grace period. No payment through
collectors with maintaining savings/time deposit for the past 6 months. Based on loan bracket: - ₱2,000 - ₱200,000 and below - ₱10,000 - ₱201,000 - ₱500,000 - ₱20,000 - ₱501,000 and up |
| Insurable Age | Up to 69 years old |
| Cash Out | None |