Comprehensive Financial Solutions for Your Needs
We offer a variety of loan products tailored to meet your specific financial needs
For individuals with regular salary income. Quick processing and competitive rates for salaried employees.
Quick ApprovalDesigned specifically for retirees and pensioners. Flexible terms based on your pension income.
Special TermsFor entrepreneurs and business owners. Support your business growth with our commercial lending options.
Flexible TermsFor skilled earners: drivers, mechanics, tailors, beauticians, and other professionals in various trades.
For ProfessionalsSupporting agriculture: lowland & upland farming, livestock production, and agricultural development.
AgriculturalFor overseas workers and seafarers. Convenient remittance-linked loans for Filipinos working abroad.
For OFWsQuick access to funds for urgent and unforeseen financial needs. Fast disbursement available.
Quick FundsFor licensed professionals such as doctors, engineers, lawyers, and other registered practitioners.
For ProfessionalsSupporting fishing communities. Loans for fishermen and fishing-related business operations.
Fishing CommunitySpecifically designed to support rice farmers and agricultural production cycles.
AgriculturalA coop member can borrow if she/he has complied with the following:
Those receiving monthly pension from SSS and GSIS.
Those receiving regular salary from private and public institution.
Those who are operating their own business and legal enterprise.
Those working abroad and receiving salary regularly.
Those earning a living out of their profession and skills such as doctors, musicians, drivers, beauticians, etc.
Those who are hands-on farmers.
Those who are hands-on fishermen whether traditional or engaged in operating fish cages, fattening or culture.
Those members who opt to a single borrowing at 90% of Share of Stocks plus Capital Build Up.
May be availed by MIGS and emergency need.
Can be availed by a regular coop member.
A member can borrow from three (3X) times to a maximum of five (5) times of his current or actual pension as evidenced by his bank statement with a term of loan repayments at 6 months to 10 months.
Loan shall be covered with insurances such as ASB, CLPP plus mortuary whichever is applicable.
OCP MPC LOAN CEILING IS ₱300,000.00 which amount shall be approved by the management.
All loans application shall be secured with collateral; such as deposits, co-makers, chattel or real estate collaterals.
All loans application more than ₱300,000.00 shall be subject to the approval of the Board during its monthly board meeting.
In loan processing, the determinant loanable amount shall be based on present positive cash flow of the member-borrower.
All loans shall be covered with CLPP of CLIMBS or Country Bankers.
Regular visitation on loan releases must be made by the Account Officer and Loan Officer.
Penalty interest shall be charged with fines, as stated in our Bylaws.
Loan renewal may be made if a member has paid at least 75% of his previous loan.
Restructuring of past due loan may be made at reasonable cause. However, charges must be paid such as interest, fines, insurance and unpaid capital build up during the period of loan repayments or 50% thereof.
Remaining charges may be capitalized with new term of repayment period.
New CASH FLOW must be made to ascertain the CAPACITY in repaying the restructured account.
Collateral agreement shall be in full force and effect, if any. A new collateral may be required.
Co-maker, co-obligor, husband or wife shall sign the new loan agreement.
Payments for past due loan shall be in the following order:
Fines may be condoned at 25% if past due loan is paid in full, outright.
Upon loan released to member-borrower a loan briefing shall be made by the Loan Officer. Disclosure of accounts shall be made available to MB. MB must understand the terms and conditions stated in the Promissory Notes.
OCP MPC shall have the following collection procedures:
Reminder (please refer to Promissory Note).
Reminded and persistent follow-up by AO.
Visitation by the Loan Officer with AO.
Filed case in court: All expenses relative to the legal action shall be at the account of the member borrower.
When the decision of the court is in the cooperative’s favor, foreclosure of MB collateral shall be enforced.
If a member is an employee, make an agreement with the employer and employee that part of her/his salary be paid to the coop loan until fully paid.
The cooperative shall not tolerate undesirable actions of members. A member who commits act contrary to the purpose, interest, and good of the cooperative shall be subject to disciplinary action and/or expulsion.
In case of delinquency, if the loan of the member-borrower remains unpaid despite collection efforts, his/her savings or time deposits shall be used to repay the loan.
If a member is engaged in humor mongering against the cooperative, misinformation, or insinuating chaos among members which may lead to bank run, the member shall be subject to disciplinary action.
Any member proven to be a usurer shall be subject to disciplinary action and/or expulsion.
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