LOANS
Whether it’s for productive or providential financing purposes, BCS CREDIT COOPERATIVE helps you achieve these through various suitable member loan products.
AGRICULTURAL LOAN (AGLO)
A member of the Cooperative engaged in any Agricultural activity that needs financial
assistance for him to advance, be extra productive and is working towards building a
better life for the family may avail of this loan product.
- Low interest rate
- Maximum loanable amount is up to 3, 000, 000.00
- Loan term is maximum of 36 months
- Accepts Real and Chattel mortgages
AGRI-MICRO FINANCING LOAN(AMF)
Farmer members who wanted to increase net income and prefer a lowered financing cost should avail this Agri-Micro Financing Loan (AMF). This loan window is especially designed for you.
- Solely for crop production
- NO Collateral requirement for loans availed 50,000 and below
- Maximum loanable amount for financing of 150, 000.00
- Dependent on the farm plan and budget
- Loan term is depending on the farm plan and budget
- Comes with loan and crop insurances
BUSINESS LOAN (BULO)
Members who are currently engage in business related activities and or planning to venture into one may seek financial assistance through this loan product.
- Maximum loanable amount of 3, 000, 000.00
- Loan term is maximum of 36 months
- Accepts Real and Chattel mortgages
BUSINESS CENTERED SERVICE PACKAGE (BCS PACKAGE)
An investment and credit line package for businesses with quick cash generation cycles. Intended for financingadditional working capital of the business and approval on credit line facility is dependent on business’ cash flow.
- No service and filling fees
- Competitive interest rate
- Loan term is maximum of 6 months
- Accepts Real estate mortgages
VENDORS LOAN WITH SAVINGS PROGRAM (VLSP)
Member vendors have the chance to bring its business on a larger scale through this paperless and quick access to cash program. Say goodbye to “loan sharks”.
- No collateral and processing fees
- Maximum loanable amount of 50, 000.00
- Very low interest rate
- Loan term is maximum of 2 months
SAVINGS AND CREDIT WITH EDUCATION (SCWE)
Specially created for members coming from the marginalized group particularly women in the community who willfully join this program and help prepare the future of their family by earning basic entrepreneurial skills and wherefore gaining enough knowledge in starting up a business on their own at no cost.
- Group Lending
- No processing fees
- No collateral needed
- Initial loanable amount of 4, 000.00 and maximum amount of 50, 000.00
- Loan term cycle of 4 months
- Comes with retirement savings.
VEHICLE LOAN (VELO)
Own that brand new or pre-owned vehicle through low cost financing.
- Vehicle should be used for business purposes
- Maximum Loan term of 36 months
CREDIT ASSISTANCE FOR RETIRED EMPLOYEEES (CARE)
This is specially designed for pensioner and retiree members who wish to enjoy life while engaging in business at the same time. Why? Simply because we CARE for you.
- Maximum loanable amount of 300, 000.00
- Maximum Loan term of 24 months
- Accepts ATM or Pre-signed withdrawal slips with passbook as collaterals
GOVERNMENT OFFICIALS & EMPLOYEES SALARY LOAN PRODUCT (GOESLP)
This loan product is limited to elected officials, permanent government employees and co-terminus who wish to engage in any entrepreneurial and productive activities to complement basic monthly salary.
- Maximum loanable amount for barangay officials is up to 300, 000.00
- Maximum loanable amount for municipal/regional officials is up to 450, 000.00
- Low interest rate
- Loan term is at maximum of 24 months
- Memorandum of Agreement (MOA) must be executed
- Accepts ATM’s as collateral
WORKERS-EMPLOYEES LIVELIHOOD LOAN (WELL)
Members of the cooperative who are regularly employed in private companies and seek to gain additional income besides salary now has a greater chance to do so by availing this loan product. The “wellness” of our members always comes first.
- Maximum loanable amount of 100, 000.00
- Reasonable interest rate
- Loan term is maximum of 24 months
- Accepts ATM’s, Real and Chatter Mortgages
MAKER'S LOAN (MALO)
Regularly building your capital in the Cooperative? If so, your deposits to your capital may be loaned out through this loan product at the lowest interest rate possible.
- Loanable amount is 85% of total deposits
- Loan term is maximum of 24 months
- Deposits will be hold-out if availed
INSTANT LOAN (i-LOAN)
Members who need quick and easy access to cash? Avail now!
- Maximum loanable amount of 15, 000.00
- Maximum loan term of 6 months
- No Collateral