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