Regular Loans
If the purpose of the loan is personal (not business-related)
ATM Loan
- Offered to government employees with permanent/regular employment status and who have no pending Administrative Case
- Up to P 500,000 Loanable amount
- Payable up to five (5) years, monthly payment through ATM
Pensioner Loan
- Offered to SSS, GSIS (and others) Pensioners
- Up to P 500,000 Loanable amount
- Payable up to three (3) years, monthly mode of payment through ATM
Gadget and Appliance Loan
- Offered to all qualified SAFADECO Members
- Loanable amount for Classified members is up to P30,000 pesos worth of a gadget or appliance
- Payable up to 1 year
- No down payment needed
- Interest rate is 1.25% per month or 15% per annum
TINDAHAN Loan
- The maximum loan amount is based on members’ classification.
- Offered to Classified Members:
- Bronze – up to 2,000
- Silver – up to 3,000
- Gold – up to 4,000
- Platinum – up to 5,000
- Up to 5,000 worth of groceries
- Fast loan approval and release
- Interest on the loan is 2% per month.
- Payable for one (1) month.
GROCERY Loan
- The maximum loan amount is based on members’ classification.
- Offered to Classified Members:
- Bronze – up to 2,000
- Silver – up to 3,000
- Gold – up to 4,000
- Platinum – up to 5,000
- Up to 5,000 worth of groceries
- Fast loan approval and release
- Interest on the loan is 2% per month.
- Payable for one (1) month.
Honorarium Official Loan
- Offered to at least 2 officials per barangay
- The loanable amount is 80% of the monthly honorarium
- Payable until the last month of the term
- Loan is up to 90% of the monthly honorarium of the officials and workers
- The maximum term of the loan shall be three (3) years
- Interest rate is 1.4%
Privilege Loan
- Offered to Classified Members:
- Bronze – up to 2,000
- Silver – up to 3,000
- Gold – up to 4,000
- Platinum – up to 5,000
- Fast loan approval and release
- Interest on the loan is 2% per month
- The term of the loan is one (1) month
- Mode of payment is lump sum/monthly
Easy Loan
- Offered to all qualified SAFADECO Members
- Loanable amount is equivalent to the paid-up share capital
- Payable up to 3 years
- Fast loan approval and release
- No other requirements and co-makers needed
Productive Loan
If the purpose of loan is for agricultural/non-agricultural business (Additional capital/start-ups)
- Offered to all qualified SAFADECO Members
- Loanable amount is equivalent to the paid-up share capital
- Payable up to 3 years
- Fast loan approval and release
- No other requirements and co-makers needed
Back-to-Back Loan
- Offered to Members with Time Deposit in SAFADECO
- Loanable amount is equivalent to 80% of the existing Time Deposit
- Loan term is the same as the term of the Time Deposit
- Interest rate is 1% per month or 12% per annum
- Monthly or lump sum mode of payment