FICCO Class B Member can avail Regular Loan, Petty Cash Loan, LAD, and Rice but remember these can be availed one at a time since Class B are allowed one loan only, except if there are still free deposits that are not encumbered or lock in with other loans
So how is Class B multiple computed? its very easy, Here's the formula.
Share Deposit X 190% = Share Loanable Amount
Savings Deposit X 210% = Savings Loanable Amount
Share Loanable + Savings Loanable = Total Loanable Amount
Unsecured is not more than Php 60,000
Secured by Real Estate Mortgage (Yuta - bisdak) up to Php 500,000
Pag ma Class A mas Hayahay, Basta Maau lang jud ta mag bayad.
Subscribe to:
Post Comments (Atom)
-
There are several deposit products of FICCO, they're listed below: Savings Deposit. Deposit that can be withdrawn anytime, provided it i...
-
You'll need the Audited FS of your cooperative to start with. the following data's are important in computing the Dividend and Pa...
-
Value Added Tax is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties and services in the Philippine... -
CARD Inc., one of the country’s most successful microfinance institutions (MFI), has successfully issued P500 million worth of corporate not... -
Forbes magazine edition released Aug 26, tagged Henry Sy as the country's richest person. 3.8 Billion net worth SM shopping malls appre... -
Becoming a FICCO member is relatively easy, you only do the following steps and comply the following requirements: Ask for an application fo...
No comments:
Post a Comment