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