Salary Loan
Who can avail regular/salary loan and what are the requirements?
- Loan granted to members on the basis of Five Hundred Percent (500%) of his current Share Capital (SC) and/or Net Take Home Pay (NTHP) as determined by the loan officer.
- Maximum Loanable Amount for Salary Loan: 25% of the maximum allowable amount of the salary/regular loan.
- Maximum Loanable Amount for Death of Immediate Family: 40% of the maximum allowable amount of the salary/regular loan.
- Term of Loan: 2 years
- Interest Rate: 2% per month
- Schedule of Release: Upon completion of the required forms and availability of funds.
Who are qualified to become a CITERMPCO member?
- Teachers, Employees and Retirees of Department of Education, Division of Sultan Kudarat
- Comply the prescribed pre-membership education seminar
- Residing within and adjacent area of operation
What are the requirements for membership?
- Approved application for membership.
- Certificate of completion of the prescribed Pre-Membership Education Seminar (PMES).
- Subscribed and paid the required minimum share capital and membership fee.
- Certification of the immediate superior that he/she is employed within DepEd, Division of Sultan Kudarat.
