Cooperative Bank of Negros Oriental

Loans to Private Corporations

Objectives: To grant loans to member-cooperatives of the Bank

 

  • Target Market: Member-Cooperatives
  • Features of the Loan Product:
  • Interest Rate: 10%-19% p.a.
  • No Service Charge
  • Maximum Amount: 80% of Book Value of the investment of the cooperative; any excess shall require additional security (REM or CM)
  • Term: Maximum of 720 days
  • Mode of Payment: Monthly or Quarterly, depending on the paying capacity of the cooperative.

“As part of brief interaction, have noticed a very high professionalism on GBNO’s part! They are very prompt and have managed to keep their word as part of process”

Julie K. de Leon

- Shop Owner

Application in development