LOAN AGAINST- PREFERRED

“Need immediate cash? But don’t want to terminate your termed deposits?”

The right product is here for you!
LOAN AGAINST- PREFERRED product is a one day process that offers you with as low as 0.58% interest rate, and with a loanable amount of 100% equivalent from your termed deposits and the latter also serves as collateral, payable up to 60 months and in a monthly/quarterly/semi-annual installment term as per your convenience.”

HOW TO APPLY

Qualifications:
1. AIMCoop Member
2. Existing Termed Deposit


Requirements:
1. Proof of identification
>>Bring any valid ID
>>Termed Deposit Certificate


Validation and Classification Process:
1. Can avail after the evaluation of the purpose and proceeds fit in the loan category.
2. Amount is at least equivalent to the collateralized term deposit / preferred deposit.
3. Loan Interest is 7% per annum or otherwise lifted, amended, or superseded by a new memorandum issuance.
4. No Co-Maker Needed


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.