Products & Services

Express Loan

Interest rate: 1% per month (fixed interest)
Service Charge: 1.5%
Max term: 5 months
Eligibility: Capacity Based
Maximum Loanable Amount: Php 20,000.00
Releasing: Within 48 hours.
Qualifications:
Regular LIPIEMCO member for 2 months with
a minimum shared capital of Php 2,000.00.
Loan Requirements:
*MOA*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures.

*NON MOA/Open Member*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures., allowed loanable amount is 90% of paid up shared capital.

Providential Loan

Interest rate: 1.25% per month
Service Fee: 2% for 1 to 2 yrs.
Max term: 24 months
Eligibility: Capacity Based
Minimum Loanable Amount: Php 21,000.00 up
Releasing: Within 48 hours.
Qualifications:
Regular LIPIEMCO member

Loan Requirements:
*MOA*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures and 2co-makers if above share capital.

*NON MOA/Open Member*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures., allowed loanable amount is 90% of paid up shared capital.

Instant Loan

Interest rate: 1%
Service fee:  PhP 50
Max loanable amount: PhP 5,000
Eligibility: Capacity Based
First loan eligibility: 3,000
Max term: 3 months
Releasing: Same day release for over the counter transactions; Within 24 hours, cut off 12noon
Qualifications:
Completed a Pre-Membership Education Seminar (PMES)

Loan Requirements:
*MOA*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures.

*NON MOA/Open Member*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures., allowed loanable amount is 90% of paid up shared capital.

Short Term Loan

Interest rate: 1 % per month
Service charge: 2 %
Max term: 6 months
Eligibility: Capacity Based
Minimum Loanable Amount: Php 20,000.00
Releasing: Within 48 hours.
Loan Requirements:
*MOA*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures.

*NON MOA/Open Member*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures., allowed loanable amount is 90% of paid up shared capital.

Tuition Loan

Interest rate: 1%
Service fee: 1%
Max term: 1 year
Pre School to High School (1 year), College (6 months)
Releasing: Within 48 hours.
Eligibility: Capacity Based
Amount: Dependent on the school billing statement
Qualifications: Regular LIPIEMCO member
Loan Requirements:
*MOA*

Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with 3 specimen signatures and Statement of Account from School.

*NON MOA/Open Member*

-Duly Filled-Out Application form and latest 1 month payslip or any proof of income,

-valid government ID with 3 specimen signatures

-Statement of Account from School.

– allowed loanable amount is 90% of paid up shared capital

Personal Asset Aquisition Loan (PAAL)

Interest rate: 1.5 % per month
Service Fee: 2%
Max term: 24 months
10k & below(12mos), 10k above(24mos)
Eligibility: Capacity Based
Releasing: Dependent on item availability
Qualifications: Regular LIPIEMCO
Requirements:

*MOA*
*Duly Filled-Out Application form and latest 1 month payslip, valid government ID with signatures and 2 co-makers if above 20k.
*For Non-MOA/Open Member*

-Duly Filled-Out Application form and latest 1 month payslip or any proof of income, valid government ID with signatures

-allowed loanable amount is 90% of paid up shared capital.

Seasonal Loan (Holy Week | Holloween | Christmas)

Interest rate: 1.25%
Service fee: 0%
Eligibility: Capacity Based
Max Loanable amount: 10,000.00
Max term: 5 months
Releasing: Within 48 hours.
Qualifications: Regular LIPIEMCO member for 6 months and
non delinquent.
Requirements:

*MOA*
*Duly Filled-Out Application form and latest 1 month payslip/proof of income and valid government ID with signatures.
*For Non-MOA/Open Member*

–Duly Filled-Out Application form and latest 1 month payslip/proof of income and valid government ID with signatures.

-Allowed loanable amount is 90% of paid up shared capital.
Availment Period:
1. HOLY WEEK – one month prior to Holy Week
2. HALLOWEEN – October 01 to November 01
3. CHRISTMAS – November 15 to December 20

Balik Eskwela Loan

Interest rate: 1.25%
Service fee: 1%
Max loanable amount: 20,000
Max term: 1 year
Releasing: Within 48 hours.
Eligibility: Capacity Based
Qualifications: Regular LIPIEMCO member
Requirements:

*MOA*-Duly Filled-Out Application form.
-Latest 1 month pay slip / proof of income and valid government ID with signatures

*For Non-MOA/Open Member*

-Duly Filled-Out Application form.
-Latest 1 month pay slip / proof of income and valid government ID with signatures

-Allowed loanable amount is 90% of paid up share capital
Availment Period: May to September

Regular Savings Deposit

1. Withdrawable anytime interest rate is higher by 1% than the banks.
2. Minimum of 200 pesos deposit.
3. A balance of 500 pesos above will earn interest.
4. Over the counter deposit or salary deduction.
5. Passbook will be provided to monitor your savings.

Time Deposit

1. Initial deposit is 1,000 pesos.
2. Interest rate ranges from 2% to 6%.
3. Withdrawable for a fixed term of 30 days, 60 days, 90 days and up to 1 year.

Note: If withdrawn before maturity date, the interest rate will be the same to Regular Savings Deposit.

Options to Avail

1. Cash payment directly to LIPIEMCO depending on which mode of payment chosen (Monthly, Quarterly, Semi Annual, Annual or Spot Cash)
2. Salary deduction (MOA accounts)
   Member pays the first installment in cash to LIPIEMCO plus the one time service charge (1% of the total contract price) then signs a auto deduct form. Succeeding payments will then be through salary deduction.
3. Providential loan

Please contact the LIPIEMCO office for more details.