Providential Loan
Who can avail Providential Loan and what are the requirements?
- Availment of Providential Loan shall be granted based on his/her net take home pay or collaterals.
- Absolute Deed of Sale
- Land Title, Annual Tax Declaration, Realty Tax Clearance for the current year, complete electronic copy from Registry of Deed
- Original Official Receipt/Certificate of Registration (OR/CR)vehicle
- Sign Waiver of Rights if it is in the mother title
- Sign Memorandum of Agreement that the land title will be returned upon full payment
Who can avail Emergency Loan and what are the requirements?
- Emergency Loan defines as illness, accident, calamity, hospitalization and death.
- Emergency loan is granted to any member.
- 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 can avail Special Loan and what are the requirements?
- Special Loan defines as wedding, special trip, trainings/seminars.
- pecial Loan is granted to any member.
- 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 submission of required Documents(Certificate of Enrollment)
Who can avail Educational Loan and what are the requirements?
- Educational Loan defines as payment for school tuition fees, books, miscellaneous, uniforms, school supplies, educational tour.
- Educational Loan is granted to any member.
- 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 submission of required Documents(Certificate of Enrollment)
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.
