Hospitalization Loan
Fast Relief When You Need It Most
When unexpected expenses arise, we understand how stressful it can be to find yourself in a financial bind. Whether it’s a sudden medical bill, an urgent repair, or any unforeseen emergency that requires immediate attention, having quick access to funds can make all the difference. We’re here to provide the assistance you need.
Our Hospitalization Loan is specifically designed to offer fast financial relief during your time of need, allowing you to focus on resolving your situation without the added pressure of lengthy approval processes or complicated paperwork. With our simple and straightforward application process, you can get the support you deserve in challenging times, with the peace of mind that comes from knowing you won’t have to navigate financial obstacles alone.
We aim to offer a reliable, efficient, and transparent way to help you through life’s unexpected moments—giving you the freedom to handle urgent expenses and get back on your feet quickly.
Loan Requirements
✅ ₱2,000 initial share capital
✅ Offered for hospitalization expenses of members, including outpatient and in-patient laboratory tests.
✅ Availment is within 30 days from the date of confinement.
✅ Certificate of Confinement / medical abstract
✅ Official request for laboratory tests
✅ Statement of Account from hospital
✅ Official Receipt or O.R. from payment of hospital bills.
✅ Maximum loanable amount is ₱200,000
✅ Maximum term is 48 months
✅ 10% per annum - diminishing annual balance.
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Who can apply for the Hospitalization Loan?
Only active members of the cooperative are eligible to apply for this loan. Family members are not eligible for this program.
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What types of medical expenses can be covered?
The loan can be used for medical expenses related to hospitalization, surgery, emergency medical treatments, prescriptions, and other necessary health-related costs.
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How quickly can I receive the loan?
Once approved, loans are typically processed and disbursed within a few days, depending on the cooperative’s internal processes.
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Can I apply for this loan if I already have an outstanding loan?
Eligibility to apply for the Hospitalization Loan while having an outstanding loan will depend on the cooperative’s lending policies. The member’s current loan balance and repayment history will be considered.
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Can I use the loan for non-medical expenses?
The Emergency Loan is strictly for medical expenses and cannot be used for non-medical purposes.
