Products and Services

LOANS

  • General Purpose Loan (GPL)
    • The interest of this type of Loan is two (2%) percent per month, straight forward interest, payable in Five (5) or Ten (10) months on a semimonthly payments. Its first payment is Fifteen days after it’s released. This kind of loan would not require any legal papers prior to its approval. Its maximum loan able amount is four (4) times his/her total shares. However, if she/he has an existing loan then his/her loan able amount plus all principal balances of existing loans should not be more than four (4) times his/her total shares. All members are qualified to this type of loan. However, for new members, this is the only type of loan they are qualified for their first two loan applications.
  • Furniture, Appliance, Motorbike/Car Loan (FAML)
    • The interest of this type of Loan is eighteen (18%) percent per annum for Twelve (12) months or Sixteen (16%) percent per annum for Twenty Four (24) months on a semimonthly payments. Its first payment is fifteen (15) days after it’s released. This kind of loan would require a quotation from the Appliance or Motorbike Center as proof. The check to be released will be addressed to the Name of the Appliance or Motorbike Center as Payee. However, in case of reimbursement, official receipt of purchased items is required and whose amount must not be less than the amount of the loan being applied for. This document should be submitted together with the application form. Only members who have completed two (2) GPL can avail of this Loan. The minimum loan amount is Forty Thousand pesos (Php40,000.00) and its maximum however will be based on the other existing loans and total shares.
  • Educational Loan
    • The interest of this type of Loan is the same as FAML; This type of loan will only require the submission of the official receipts of the tuition fee and/or any merchandise bought related to education and to be submitted before the first cutoff of its payment or else this loan will be reclassified as General Purpose Loan (GPL). The amount of the Official Receipt should not be less than fifty percent (50%) of its loan amount being applied for. The payee on the official receipt should bear the name of the member or its dependent/s.
  • DBL (Diminishing Balance Loan)
    • The interest of this type of Loan is the same as FAML; This type of loan will only require the submission of the official receipts of the tuition fee and/or any merchandise bought related to education and to be submitted before the first cutoff of its payment or else this loan will be reclassified as General Purpose Loan (GPL). The amount of the Official Receipt should not be less than fifty percent (50%) of its loan amount being applied for. The payee on the official receipt should bear the name of the member or its dependent/s.
  • Business Loan
    • The interest and mode of payment of this type of Loan is same as DBL. This kind of loan needs the approval of Board of Directors after the applicant has presented his/her feasibility study of his/her business endeavor. His/her loan able amount will depend on viability of his/her Business proposal and his/her financial credibility.
  • Socialized Loan
    • The interest and mode of payment of this type of Loan is the same as the Educational Loan and is available to any member new or old who have existing shark loan outside the cooperative. The purpose of this type of loan is to buy back their payroll atm from the financial institution where it was surrendered as collateral.
  • Vacation and Leisure Loan (VLL)
    • The interest and mode of payment of this type of Loan is the same as FAML and it is a loan intended only for members who are availing their forced leave for vacation purposes. Documents should be submitted as proof of their Forced Leave.
  • General Purpose Loan Expanded (GPLex)
    • The interest and mode of payment of this type of Loan is the same as Educational Loan. It is available to all members who have been in the cooperative for more than three years.
  • Medical Assistance Loan (MAL)
    • The interest and mode of payment of this type of Loan is same as Educational Loan and it is a loan intended only for members and direct dependents who are in medical treatment. Proof of evidence should be presented to the Credit Committee for approval.
  • Loadmanna Dealer/Retailer
    • All members are required to have their Cellphone be activated as Dealer or Retailer. All members are required to sell sim load. The quota for this is Php500 per month. All initial and succeeding load wallet is on consignment basis. Meaning you will only pay your load wallet before you reload.

 

WHERE TO FIND US

Email address: info@pacc-mpc.com

Website: http://www.pacc-mpc.com

Office: 2nd Floor, Mint Hotel McArthur Highway Balibago, Angeles City, Pampanga

Contact #: +63917-257-5164 / +63932-471-2508

 

OFFICE SCHEDULES

Our COOP Office is open, 10:00 AM-4:00 PM

Every: Monday, Wednesday & Friday

Cut-Off Dates for Payments (2nd & 17th of the month)

Loan Releases (12th & 27th of the month)