IWAHORI Business LOAN

Eligibility

• Loanable Amount: Up to Php2.5M

• Required Share capital: At least Php4,000.00

• Service charge: 3%

• Renewal period: At least 50% of loans paid

• Purpose: Start-up, Business Expansion, Working Capital or equipment

• -with 1% interest (Payable within 24 months)

• -with 1.5% interest (Payable in 25 months to 60 months)

Reminders:

• The loan officer can still allow and approve loans more than the stated maximum amount based on his/her professional judgement.

• All interest is based on diminishing balance except PETTY CASH LOAN and FARMERS LOAN

• If your requested loan amount is higher than your share capital, it will need to be evaluated to determine if a co-maker is required. A co-maker must be a MIGS (Member in Good Standing). You may ask our staff to check if your chosen co-maker qualifies .

Requirements: Permits and other Business Documents