1.   Cash Loan

        Cash loan may be availed of through any of the following:

A.   Loan  through NTEMPC

Loan is availed of from the NTEMPC funds. This loan may be availed of on a first come first served basis, subject to the member’s paying capacity.

B.   Loan through other financial institution

Loan is availed of from other financial institutions other than NTEMPC. These institutions shall have prior memorandum of agreement with NTEMPC which is duly approved and signed by authorized signatories.

2.   Appliance Loan

Appliance loan pertains to the acquisition of electronic appliances, mobile phones, household furniture and other items needed by the borrower. This loan may be availed of on first come first served basis, subject to the member’s paying capacity. Availment of appliance loan is applicable only to one unit at a time.

  3.  Consumable Goods Loan

Consumable goods pertain to goods such as groceries, medicines and the like offered at the stalls in NTEPH canteen or vaccines through NTEPH clinic. This loan may be availed of on a first come first served basis.

4.   Vehicle Loan

Vehicle loan pertains to the acquisition of car/vehicle, subject to the member’s capacity to pay. This loan may be availed of on a first come first served basis and is only applicable to only one unit at a time. A proof of payment (OR/CR, deed of sale, whichever is appropriate) that the money was used for this purpose, must be submitted to the NTEMPC Treasurer upon completion of the transaction. If the member/borrower fails to submit the proof of transaction, the full loaned amount shall become immediately due and demandable and shall be liable to a disciplinary action per the decision of board of directors.