ATM Loan

Are you in need of quick and hassle-free access to funds?
Our ATM Loan Service is designed to provide you with fast, reliable, and convenient financial support whenever you need it.

What is an ATM Loan?

An ATM loan allows you to borrow money instantly using your ATM card, providing immediate access to cash without the need for long application processes or paperwork. It’s the perfect solution for urgent financial needs.

Loan Requirements

• Equity requirement: 10% of the loanable amount
Interest rate: 15% per annum-diminishing monthly

• Requirements:
- Borrower to surrender his/her payroll ATM card
- Co-maker that is a regular employee with equity equal to at least 50% of the loan amount
• Maximum loanable amount: 200,000
• Maximum term: 24 months

  • Tacloban Office: Loan acceptance is from Monday to Friday until 10:00 AM. Manila Satellite Office: Loan acceptance is from Monday to Friday until 9:30 AM.

  • You can send or email the required files to recempcotacloban@gmail.com.

  • Yes, early repayment is allowed without pre-termination fees.

  • Yes, we handle your ATM card securely and responsibly, ensuring compliance with data privacy laws.

  • Loan renewal is possible once a significant portion of the current loan is paid. Consult with our loan officers for details.

  • You can reach our cooperative office during business hours or contact us via email/phone for inquiries.

  • Approval is usually within 1-2 business days, provided all requirements are complete.