PETTY CASH LOAN

IWAHORI PETTY CASH

Eligibility

Loanable Amount: Up to Php10,000.00
Loan Term: Up to 6 months
Required Share capital: At least Php4,000.00
Interest rate: 1.5%
Service charge: 3%
Renewal period: At least 50% of loan's paid

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 .

Note: Petty Cash Loan form must be printed on long bond paper (8.5 x 13), back-to-back, and one (1) copy only. All details must be completely filled out, especially those requiring a check (✔) mark.

For online submission:
Since this is a petty cash loan, the amount can be claimed within the day. Please ensure that the submitted form is clear and readable. Online submission of the petty cash loan form is accepted until 4:00 PM only. You may also submit the form at the nearest Iwahori MPC branch, subject to the same cut-off time.

You may send your petty cash loan form to our email: sco@iwahorimpc.com

Email Template to be follow:

Subject: Petty Cash Loan Application – [Member Name]

Good day,

I would like to apply for a Petty Cash Loan. Please find my completed and signed petty cash loan form attached to this email.

Member Details
Full Name:
Contact Number:

Loan Details
Requested Amount:
Purpose of Loan:

I certify that the attached form is clear, complete, and readable. I understand that submissions are accepted until 4:00 PM only and that approved petty cash loans may be claimed within the day.

Thank you for your kind assistance.

Sincerely,
[Member Name]

Petty Cash Loan Form (PDF)

Back

Page updated

Google Sites

Report abuse