Emergency Loan

“Need a quick solution to the financial crisis you are facing today?

EMERGENCY LOAN is right for you!

With a maximum loanable amount of P2,000 and payable up to 2 months, fill your empty pocket and fix your worries today.

HOW TO APPLY:

Qualification(s):
Member’s with a minimum share capital of P4,000.

Validation and Classification Process:
1. A maximum amount granted to a borrower up to Php. 2,000.00. Provided; the status of the borrower is being considered.
2. MIGS Member
3. Approval is subject to 5C’s of Credit
4. If, with Outstanding Regular Loan: The current history of repayment of the loan is given emphasis in granting additional loan. Ensuring that the member-borrower had at least paid the 1st installment of the other loan.
5. If, Quarter/Semi-Annual Term, check CHI for MIGS Status.
6. Can be availed at least once at a time.
7. No Co-Maker needed
8. However, upon the “full-implementation” of the E-Credit, the Emergency loan shall be limited to Senior Citizens only.


Requirements:
1. Proof of Identification
>>Bring any valid ID

Processing Guidelines
1. Fills up Loan Application Form
2. Subject for Credit Investigation
3. Process for Approval
4. Applicants will be informed of the loan status thru call or text.
5. Applicant claims the approved loan proceeds.