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Sunday, October 4, 2009

DCCCO Loan availments

      Eligibility for a loan from Dumaguete Cathedral Credit Cooperative (DCCCO) does not confer automatic right on the member to avail of a loan. The member's loan privilege would depend on his credit standing and status as a member.

        1. New member less than three (3) months can avail of loan at a maximum amount equivalent to his/her share capital.

        2. New member more than three months can avail of loan twice of his/her share capital.

        3. Member in Good Standing (MIGS) depends on his/her classification.

        4. Non-Member In Good Standing (Non-MIGS) depends on the assessment of the loans division personnel.

        5. Member can also avail of loan against his/her time deposit at a maximum amount equivalent to 90% thereof.

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