Calamity Loan (Offered to Area Declared Under State of Calamity)
Your Reliable Support in Times of Crisis
Life is full of unexpected challenges, and natural disasters can bring unforeseen hardships that test our strength and resilience. During these trying times, having a reliable support system can make all the difference. That’s why we’ve created our Calamity Loan, a dedicated financial assistance program designed to help individuals and families affected by calamities recover and rebuild their lives.
Whether it’s a typhoon, earthquake, flood, or any other disaster, we understand the overwhelming burden these events can place on you and your loved ones. Our Calamity Loan provides timely financial aid to residents in areas declared under a state of calamity, ensuring you have the resources you need to recover.
At the heart of this service is our commitment to empowering communities to rise above adversity. With flexible terms, a simple application process, we’re here to help you take that first step toward rebuilding your home, your livelihood, and your future.
We’re more than just a cooperative—we’re a partner you can count on when it matters most. With our Calamity Loan, you can move forward with confidence, knowing that support is just a few clicks away.
Loan Requirements
- ₱2,000 initial share capital (for new members)
- Maximum loanable amount is ₱200,000
- Maximum term is 48 months to pay
- 10% per annum diminishing annual balance.
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Who can avail of a calamity loan?
Active members of the cooperative who are directly affected by a declared calamity or emergency are eligible to apply.
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Can members with existing loans still apply for a calamity loan?
Yes, members with existing loans may still apply, but the new loan amount will depend on their repayment capacity and financial standing.
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How quickly can I receive the loan?
Calamity loans are processed as a priority and typically disbursed within 1-3 business days after approval.
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Is there a maximum loan amount?
Yes, the maximum loan amount depends on your membership tier, contributions, and the assessed severity of the calamity’s impact.
