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	University of the Philippines Baguio		Governor Pack Road, 2600 Baguio City

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TODAY IS

OUR LOAN BENEFITS

coop The UP Baguio Multi-Purpose Cooperative, Inc. provides for its members a variety of loan products and, regularly reviews these products in order to analyze the (cost) effectiveness of availing any service to its members. All loan products have separate forms, including terms and conditions, which are generally available upon request.
A member may loan a maximum of three times the fixed deposit using any of the three products-regular loan, appliance loan or contingency loan. A loan may be made in combination of the three (3) types.

REGULAR LOAN
A loan for provident and productive purposes. A member may loan a maximum amount of three times the fixed deposit. Loans are payable either in 10 months, 12 months or 18 months basis-salary deduction. Payments completed prior to the scheduled month shall avail of a rebate benefit. Loans release are made every Friday if the loan applied is made within 2 days of the start of the week, otherwise Friday of the following week. A member who has paid 50% of the loan balance may apply for a re-loan.

RL CALCULATOR
(10 months)

Enter Amount of Loan Applied:

Enter Amount of Loan Balance:

Rebate................ = Capital Build-Up .. =

Interest on Loan.. = Collection Fee ..... =

Service Fee ........ = Filing Fee ............ =

Cash Out ............ = Monthly Payments.=

APPLIANCE LOAN
A loan to purchase appliances, furniture & fixtures, equipment, etc. A monthly interest of 1% shall be included in the monthly amortization.
CONTINGENCY LOAN
A loan to address incidental expenses; maximum of P25,000.00. A monthly interest of 2% shall be included in the monthly amortization. This loan is payable in 3 months maximum.

OTHER LOAN SERVICES
The UP Baguio Multi-Purpose Cooperative, Inc. also provides other loans services as follows:

Petty Cash Loan
A unique loan for petty need. This is a P1,000.00 loan available to all member with or without any of the three types of loan mentioned above (Regular, Appliance & Contingency). This loan is payable in 1 month with a fixed charge of P50.00.
Rice Loan
A 1 "cavan" sack of rice loan. This loan is payable up to a maximum of 2 months including a P65.00 per month marked up price charge.
One-Time Membership Loan
A one-time loan for a newly approved member. As a sign of acceptance, the UPBMCI is granting a P1,000.00 bonus loan without interest payable on the last working day of the following month.
Good Standing Bonus Loan
A bonus loan given to a member in good standing. As a sign of cooperativism, the UPBMCI is granting a P2,000.00 bonus loan to a member who has been determined by the Cooperative as good standing member in the past 6 months. This loan is granted (without interest) and it is payable on the last working day of the following month.

To secure the investment of the members of the Cooperative,

the UPBMCI will imposed a 2% penalty for default payments
members with overdue loans (except regular loan)will be suspended from availing of that specific loan program for 1 month after full payment
members with overdue REGULAR loans will be able to renew a REGULAR loan equivalent only to 2x of fixed deposit
will be considered BAD STANDING, thus cannot avail of the GOOD STANDING LOAN BONUS for 6 months.

The UP Baguio Multipurpose Cooperative web site is viewable best at 1024 x 768 Screen Resolution
Website Design and Layout: GIOVANNIE R. RUALO
Last Updated on August 4, 2006

The UP Baguio Multi-Purpose Cooperative, Inc. provides for its members a variety of loan products and, regularly reviews these products in order to analyze the (cost) effectiveness of availing any service to its members. All loan products have separate forms, including terms and conditions, which are generally available upon request. A member may loan a maximum of three times the fixed deposit using any of the three products-regular loan, appliance loan or contingency loan. A loan may be made in combination of the three (3) types.
REGULAR LOAN A loan for provident and productive purposes. A member may loan a maximum amount of three times the fixed deposit. Loans are payable either in 10 months, 12 months or 18 months basis-salary deduction. Payments completed prior to the scheduled month shall avail of a rebate benefit. Loans release are made every Friday if the loan applied is made within 2 days of the start of the week, otherwise Friday of the following week. A member who has paid 50% of the loan balance may apply for a re-loan.	RL CALCULATOR (10 months) Enter Amount of Loan Applied: Enter Amount of Loan Balance: Rebate................ = Capital Build-Up .. = Interest on Loan.. = Collection Fee ..... = Service Fee ........ = Filing Fee ............ = Cash Out ............ = Monthly Payments.=
APPLIANCE LOAN A loan to purchase appliances, furniture & fixtures, equipment, etc. A monthly interest of 1% shall be included in the monthly amortization.	CONTINGENCY LOAN A loan to address incidental expenses; maximum of P25,000.00. A monthly interest of 2% shall be included in the monthly amortization. This loan is payable in 3 months maximum.
OTHER LOAN SERVICES The UP Baguio Multi-Purpose Cooperative, Inc. also provides other loans services as follows: Petty Cash Loan A unique loan for petty need. This is a P1,000.00 loan available to all member with or without any of the three types of loan mentioned above (Regular, Appliance & Contingency). This loan is payable in 1 month with a fixed charge of P50.00. Rice Loan A 1 "cavan" sack of rice loan. This loan is payable up to a maximum of 2 months including a P65.00 per month marked up price charge. One-Time Membership Loan A one-time loan for a newly approved member. As a sign of acceptance, the UPBMCI is granting a P1,000.00 bonus loan without interest payable on the last working day of the following month. Good Standing Bonus Loan A bonus loan given to a member in good standing. As a sign of cooperativism, the UPBMCI is granting a P2,000.00 bonus loan to a member who has been determined by the Cooperative as good standing member in the past 6 months. This loan is granted (without interest) and it is payable on the last working day of the following month.
To secure the investment of the members of the Cooperative, the UPBMCI will imposed a 2% penalty for default payments members with overdue loans (except regular loan)will be suspended from availing of that specific loan program for 1 month after full payment members with overdue REGULAR loans will be able to renew a REGULAR loan equivalent only to 2x of fixed deposit will be considered BAD STANDING, thus cannot avail of the GOOD STANDING LOAN BONUS for 6 months.