Soft Loan
Don’t let financial constraints hold you back. Apply for the Soft Loan today and get the support you deserve!
We recognize the importance of financial flexibility and stability in our members’ lives. In today’s fast-paced world, unexpected expenses can arise at any time, and having access to immediate financial support is crucial. That’s why we are proud to offer a Soft Loan designed to assist our members in advancing their rice and grocery allowance, mid-year bonus, and year-end bonus.
This program is specially crafted to provide a helping hand, allowing you to access the funds you need without the burden of traditional loan processes. Whether you’re planning for everyday needs like groceries, or preparing for upcoming events, this loan ensures you’re never caught off guard when it matters most.
Loan Requirements
- No equity requirement for members having free portion of their share capital
- ₱10,000 equity for new members who will avail the 12 months RAGA; ₱5,000 for 6 months RAGA.
- Maximum of 12 months RAGA for Non CEDC members; 6 months for CEDC members and Plantilla Casual Comelec Employees.
- 12% per annum
- Maximum loanable amount is ₱7,500 and minimum is ₱3,000.
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What can I use the soft loan for?
The soft loan is intended for members who wish to avail their rice and grocery allowance, mid-year bonus, or year-end bonus in advance.
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Can I repay the loan early?
Yes, you can repay the loan earlier than the agreed schedule. Early repayment may help you reduce the interest, if applicable.
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Who is eligible to apply for the soft loan?
Members who are eligible for this loan must be in good standing with the organization, and they should be eligible to receive rice and grocery allowances, mid-year bonuses, or year-end bonuses.
