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SPEED Loan

Loans for additional capital, house improvements, and social welfare
purposes such as health-related loans, educational loans, calamity loans, and
other monetary loans of similar nature.

Loan package

  • Loan
  • Microsavings
  • Center-based training

Loan Term

  • 4 months for monthly

Mode of payment

  • Weekly

Minimum Amount

  • 2,000.00

Maximum Amount

  • Php 10,000.00 for loan cycle 2 and 3 (GBL)
  • Php 15,000.00 for loan cycle 4 and above (GBL)

Interest

  • 1.5% monthly straight line computation for loan cycle 4 and above
  • 2% monthly straight line computation for loan cycle 2 and 3

Charges

  • Paid before loan release
  • Loan Redemption Fund- 1.5%
  • Loan Service Fee-2%

Basic requirements

  • Original barangay clearance for the current year with dry seal