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Emergency Loan Window

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Emergency Loan Window

Post  Admin-apcjr on Mon Jan 04, 2010 5:46 pm

Lending Policy:

1. Eligible borrower should be bonafide LBPEA member belonging to Region 02 & Eastern CAR.
2. Maximum loan amount of P 10,000.00.
3. Payment term is six (6) months, payable in 12-equal quincena amortization.
4. Add on interest rate of 5%, pre deducted upon release.
5. Unit governor will be in-charged in the collection of amortization and remittance to LBPEA deposit account
no. 0121-3595-88
6. One (1) borrower per unit per semester.
7. Loan application to be endorsed by the concerned Unit Governor.
8. Loan approval is the Regional Governor.

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