This product is intended to help the members attain self-resiliency by providing them with financial assistance and means of pursuing and engaging in income generating activities that will augment their monthly income in addition to their income from employment. It also aims to increase their monthly take home pay by combining and offsetting their outstanding obligations into one account which is subject to a much affordable payment/deduction scheme. Amount of loan is 300k,400k,500k and is payable from 12months to 60 months. This loan can be availed in multiple based on the paying capacity of the member.
This loan was launched to serve the needs of members whose cash requirement is lower than that offered by the existing FSDL at a relatively same rate of interest. Amount is ranging from 25,000 to 75,000 payable from 6 months to 36 months.
Thru the continuous effort of the Telescoop Officerships in reviewing the services to be given to the general membership, this type of loan came into existence. It will help alleviate the financial condition of members thru its maximum payment mode of up to 60 months. Members have the option to combine all their accounts to come up to a lower semi- monthly amortization, with a reasonable net proceeds. This loan can be availed in multiple based on the paying capacity of the member.
This loan was approved last April, 2013, in time for the school enrollment . Proceed of the loan is payable to the school.
To serve as the helping hand of parents in sending their children to school, Telescoop launched this loan on the first quarter of 2009 to answer the burdens of parents regarding their children’s tuition fee. This loan amounts to 50,000 payable in 24 months. This loan is also a counter part of the existing TUITION FEE LOAN wherein the loan proceed check is directly payable to the children’s school.
This loan was offered during mid of 2005, basically intended for the procurement of school supplies , amounting to 12,000 and payable within 12 months.
Short term loan of 6,000 payable in three(3) months
To serve as the helping hand of parents in sending their children to school, Telescoop launched this loan on the first quarter of 2009 to answer the burdens of parents regarding their children’s tuition fee. This loan amounts to 30,000 payable in 24 months.
| TERMS |
24 MOS |
| GROSS |
30,000.00 |
| NET PROCEEDS |
25,650.00 |
| SEMI-MO AMORT |
625.00 |
To serve as the helping hand of parents in sending their children to school, Telescoop launched this loan on the first quarter of 2009 to answer the burdens of parents regarding their children’s tuition fee. This loan amounts to 60,000 payable in 24 months.
| TERMS |
24 MOS |
| GROSS |
60,000.00 |
| NET PROCEEDS |
49,450.00 |
| NET GUARANTEED PROCEEDS |
40,000.00 |
| SEMI-MO AMORT |
1250.00 |
For those who have availed the ECML when it was launched last August 1, 2014, the previous features will apply as follows.
| TERMS |
60 MOS |
| GROSS |
135,466.40 |
| NET PROCEEDS |
100,000.00/td>
|
| SEMI-MO AMORT |
1,195.55 |
| MODE OF PAYMENT |
SALARY DEDUCTION |
| BENEFITS |
NO ADDITIONAL SCS
2% SERVICE CHARGE |
| **NET GUARANTEED PROCEEDS |
40,000.00 |
If with deferments as of the availment date and or with OB or ECML account, the ECML balance shall be deducted plus deferments, with a minumum net proceeds of 40k
| TERMS |
60 MOS |
| GROSS |
135,466.40 |
| NET PROCEEDS |
100,000.00/td>
|
| SEMI-MO AMORT |
1,195.55 |
| MODE OF PAYMENT |
SALARY DEDUCTION |
| BENEFITS |
NO ADDITIONAL SCS
2% SERVICE CHARGE |
| **NET GUARANTEED PROCEEDS |
40,000.00 |
If with deferments Deduct Balance of TEN Loan and TEN 2 Loan
Rebates be given as result of pre-ternmination/payment of existing TEN Loan and/or TEN 2 Loan
This loan started in 2002 specifically intended to assist members in their financial needs or for any other purpose that cannot be met by their regular 15th and 30th take home pay. This is deductible from their bonuses / special payments. This type of loan is more affordable and convenient to members, since it will not be form part of the deduction from their fixed salary which they are using for their day to day expenses.
