SLAGA LOAN PRODUCTS
Board
CONSUMPTION LOAN
Term: 1 to 5 years
Loanable Amount: Single Borrower’s Limit (SBL) = (13 of the basic salary + capital contribution), net of outstanding obligation
Security: Co-Makers
Mode of Payment: Salary deduction
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s COA ID (photocopy or scanned)
– Borrower’s recent pay slip (photocopy or scanned)
– Co-Makers’ COA IDs (photocopy or scanned)
– Co-Makers’ recent pay slips (photocopy or scanned)
Term: 1 to 2 years
Loanable Amount: Maximum 75% of capital contribution
Security: Capital Contribution
Mode of Payment: Over-the-counter (OTC) or Post-dated checks (PDCs)
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s valid government-issued ID (photocopy or scanned)
Term: 1 to 5 years
Loanable Amount: Single Borrower’s Limit (SBL) = (13 of the basic salary + capital contribution), net of outstanding obligation
Security: Co-Makers
Mode of Payment: Salary deduction
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s SLAGA ID or valid government-issued ID (photocopy or scanned)
– Borrower’s recent pay slip (photocopy or scanned)
– Co-Makers’ COA IDs (photocopy or scanned)
– Co-Makers’ recent pay slips (photocopy or scanned)
CONSUMPTION LOAN for Health Insurance Contracts
Term: 1 year
Loanable Amount: Premium subject to Single Borrower’s Limit (SBL), net of outstanding obligation
Security: Co-Makers
Mode of Payment: Salary deduction
Documentary Requirements:
– Duly accomplished Loan Application form
– Duly accomplished CAREHEALTH Plus form
– Borrower’s COA ID (photocopy or scanned)
– Borrower’s recent pay slip (photocopy or scanned)
– Co-Makers’ COA IDs (photocopy or scanned)
– Co-Makers’ recent pay slips (photocopy or scanned)
Term: 1 year
Loanable Amount: Premium
Security: Capital Contribution
Mode of Payment: Over-the-counter (OTC) or Capital Contribution
Documentary Requirements:
– Duly accomplished CAREHEALTH Plus form
– Borrower’s valid government-issued ID (photocopy or scanned)
Term: 1 year
Loanable Amount: Premium subject to Single Borrower’s Limit (SBL), net of outstanding obligation
Security: Co-Makers
Mode of Payment: Salary deduction
Documentary Requirements:
– Duly accomplished Loan Application form
– Duly accomplished CAREHEALTH Plus form
– Borrower’s SLAGA ID or valid government-issued ID (photocopy or scanned)
– Borrower’s recent pay slip (photocopy or scanned)
– Co-Makers’ COA IDs (photocopy or scanned)
– Co-Makers’ recent pay slips (photocopy or scanned)
EMERGENCY LOAN
Term: 1 to 2years
Loanable Amount: Php100,000 subject to Single Borrower’s Limit (SBL), net of outstanding obligation
Security: Insurance in case of death
Mode of Payment: Salary deduction
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s COA ID or valid government-issued ID (photocopy or scanned)
– Borrower’s recent pay slip (photocopy or scanned)
Term: 1 to 2years
Loanable Amount: Php100,000 subject to Single Borrower’s Limit (SBL), net of outstanding obligation
Security: Insurance in case of death
Mode of Payment: Salary deduction
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s SLAGA ID or valid government-issued ID (photocopy or scanned)
– Borrower’s recent pay slip (photocopy or scanned)
CAPITAL LOAN
Term: Maximum 6 months
Loanable Amount: 75% of capital contribution considering other loans
Security: Capital Contribution
Mode of Payment: Over-the-counter (OTC) or in case of default, it will be deducted from capital contribution automatically
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s COA ID (photocopy or scanned)
Term: Maximum 6 months
Loanable Amount: 75% of capital contribution considering other loans
Security: Capital Contribution
Mode of Payment: Over-the-counter (OTC) or in case of default, it will be deducted from capital contribution automatically
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s valid government-issued ID (photocopy or scanned)
Term: Maximum 6 months
Loanable Amount: 75% of capital contribution considering other loans
Security: Capital Contribution
Mode of Payment: Over-the-counter (OTC) or in case of default, it will be deducted from capital contribution automatically
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s SLAGA ID or valid government-issued ID (photocopy or scanned)
DIVIDEND LOAN
Term: Payable upon release of Dividend
Loanable Amount: Percentage estimated dividend rate approved by the Board of Trustees (BOT) available every May to September of the Fiscal Year
Security: Dividend
Mode of Payment: Dividend
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s COA ID (photocopy or scanned)
Term: Payable upon release of Dividend
Loanable Amount: Percentage estimated dividend rate approved by the Board of Trustees (BOT) available every May to September of the Fiscal Year
Security: Dividend
Mode of Payment: Dividend
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s valid government-issued ID (photocopy or scanned)
Term: Payable upon release of Dividend
Loanable Amount: Percentage estimated dividend rate approved by the Board of Trustees (BOT) available every May to September of the Fiscal Year
Security: Dividend
Mode of Payment: Dividend
Documentary Requirements:
– Duly accomplished Loan Application form
– Borrower’s SLAGA ID or valid government-issued ID (photocopy or scanned)