A type of loan granted only to active regular employees between 18 to 62 years old.
Maximum loanable amount may vary depending on the available net take home pay of the applicant less any mandatory deductions by the employer and the Cooperative.
Maximum term is three (3) years.
On top of Salary Loan, the following variants are still available to salary loan borrowers whose net take home pay can still cover for the additional amortization.
- Cash Advance
- Bonus Loan
- Either Supplimental or Emergency Loan