I. Maximum loanable amount of savings/time deposit.
II. Interest rate is 16% to 14% per annum.
III. Maximum term of loan is co-terminus of time deposit.
IV. Documentary requirements:
- Original Passbook/Certificate of time deposit or savings
- Latest statement of account (Print-out from deposit’s database)
- 2 valid ID’s
- 2 pcs. 2×2 picture
- Proof of income of the borrower
- Proof of billing address