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Loans – Jollibee Foods Corporation Employees’ Multi-Purpose Cooperative

Loans

The COOP acknowledges the needs of its members.

With this, the COOP extends loans to its members intended for consumption and others as their needs arise. The member has a wide array of choices depending on the nature of their needs.

Eligibility (General Provisions):

  • Tenure of membership: At least six (6) months except for Petty Cash Loan (1 month member).
  • Must be a Member in Good Standing (MIGS) and continuously contributing to the capital after completion of the initial paid up.
  • Has not been delinquent in any obligations with JFC Coop.
  • Meet the required capacity to pay on per loan category.
  • Tenure of Employment (must be a Regular employee of JFC or its subsidiaries).
  • Share capital requirement: Paid up of at least P 2,500.

Types of Loans

  1. Multi-Purpose Loan
    Assists members in various financial obligations/needs as: Tuition Fees & School Expenses, Car Repair, Debt Payment, Educational Plan, Appliance or Furniture Purchase, Computer Acquisition, Mobile Phone Purchase and the like.

    1. Petty Cash Loan
      Assists the member’s immediate cash needs. Processing time is just 1 hour. Loan is given in Cash. Maximum loanable amount of P 5,000.
    2. Caravan / Bazaar
      To provide members access to cheaper, quality goods and services, e.g. Appliances, Mobile Phones, Computer, Laptops and others.
  2. Emergency Loan
    Provide financial assistance to members during situations such as sickness and death affecting the member and his immediate family. Processing is 1 to 2 working days. No service fee.
  3. Calamity Assistance
    Provide financial assistance to members during CALAMITIES and DISASTERS.
  4. Housing Loan
    1. Intended for the purchase of lot, house & lot, condominium including parking slot.
    2. Construction of a new house for the member’s owned lot.
    3. Re-finance of existing loan with other financing companies.
  5. Real Estate Loan
    Intended for the purchase of lot, house & lot, condominium including parking slot (JFC Coop Owned Projects only).
  6. Car Loan
    Assist the member in the purchase of a brand new car.
  7. Back to Back Loan
    To extend loans to depositors who are interested to utilize their deposit as security to their loan.
  8. Investment Loan
    Assist the member in investing into stocks, government securities, and other investment facilities.

Email us for more details.

Terms of Payment:

Loan Categories Interest % DBM Terms of Payment in Years
1.  Emergency Loan 10% One Year (1)
2.  Calamity Assistance None Max of Two (2)
3.  Multi-Purpose Loan 12% Up to Three (3)
4.  Housing Loan 8% Up to Ten (10)
5.  Real Estate Loan 8% Up to Twenty (20)
20% – Up to Ten (10)
80% – Up to Twenty (20) through partner banks
6.  Car Loan 10% Fixed Up to Five (5)
7.  Back to Back Loan 9% Max of Three (3)
8.  Investment Loan 1 year – 4% per annum
2 years – 5% per annum
3 years – 6% per annum
Max of Three (3)

Service Fees:

Loan Categories Maximum Loan Amount Service Fees
1.  Emergency Loan P 20,000 2% of the Principal Amount
2.  Calamity Assistance P 20,000 2% of the Principal Amount
3.  Multi-Purpose Loan P 100k and Below
P 101k up to 500k
P 501k to P 1M
Above P 1M (Maximum of P 1.5M)
2% of the Principal Amount
P 2,000
P 3,000
P 5,000
4.  Housing Loan Up to P 6M Fixed at P 3,000
5.  Real Estate Loan Up to P 2.5M Fixed at P 3,000
6.  Car Loan
Brand New: P 3M Max
P 500k to P 1M
Above P 1M to P 2M
Above P 2M
P 3,000
P 4,000
P 5,000
7.  Back to Back Loan P 1M (Min of P 100,000) Fixed at P 2,000
8.  Investment Loan P 50k – P 200k 1% of Principal Amount

Mode of Payment:

Loan Categories Mode of Payment
1.  Emergency Loan Semi-monthly (Salary Deduction)
2.  Calamity Assistance Semi-monthly (Salary Deduction)
3.  Multi-Purpose Loan Semi-monthly (Salary Deduction)
Thru PDC’s monthly amortization
4.  Housing Loan Semi-monthly (Salary Deduction)
Thru PDC’s monthly amortization
5.  Real Estate Loan Semi-monthly (Salary Deduction)
Thru PDC’s monthly amortization
6.  Car Loan Semi-monthly (Salary Deduction)
Thru PDC’s monthly amortization
7.  Back to Back Loan Thru PDC’s only
8.  Investment Loan Semi-monthly (Salary Deduction)

 

Payment through Post-dated Checks:
Re-payment of loans can be through PDC’s.
JFC Coop shall only accept from the following commercial and savings banks:

  1. BDO
  2. Metrobank
  3. BPI
  4. PNB
  5. China Bank

Requirements:
* Fully filled-out JFC-Coop Loan Application Form
* 15th and 30th Latest Paylip
* Photocopy of Latest Company ID (Front and Back)
* Additional requirements may be needed depending on the Loan Product.

Loan Forms: