Turn Your Travel Dreams Into Reality
Whether it’s a long-awaited vacation, a family trip, or an opportunity to explore new horizons, traveling shouldn’t just stay on your bucket list. With RECEMPCO’s Travel Loan, you can make those dreams possible without the stress of upfront costs.
Travel More, Worry Less
Life is about experiences, and nothing compares to the joy of exploring new places with the people you love. With RECEMPCO’s Travel Loan, you can focus on creating memories while we make financing simple and accessible.
📌 Start your journey today—apply for a RECEMPCO Travel Loan and make every destination within your reach!
Loan Requirements
• Equity Requirement: 5% of the loanable amount
(deductible from net proceeds)
• Loanable Amount /Term
- 50,000 below /12 months
- 51,000 to 100,000/24 months
- 101,000 to 200,000/36 months
- 201.000 to 300.000/48 months
• Interest rate : 7% per annum diminishing
monthly
• 2% Service Fee
• Requirements:
- Travel ticket
- Itinerary of travel
- Authority to travel issued by COMELEC
- Salary deduction
-
Who is eligible to apply for the Travel Loan?
The Travel Loan is available to both regular and associate members of the cooperative. The following requirements mentioned above must be submitted.
-
Can the Travel Loan be used for international travel?
Yes, the Travel Loan can be used for both domestic and international travel.
-
Can I pay the loan in advance?
Yes, you can pay the Travel Loan in advance. There are no penalties for early repayment, and doing so will help reduce the total interest paid over the course of the loan. Simply inform the cooperative of your intention to make an early payment, and they will provide you with the necessary steps.
-
Do I need to provide collateral for the Travel Loan?
Since the loan will be repaid through salary deduction, no collateral is necessary.
