[Blueboard] AMPC Loans revised guidelines for 2008

Ghie Veneracion mveneracion at admu.edu.ph
Fri Jan 25 04:15:01 PHT 2008



The AMPC Board is pleased to announce the approval of the following recommendations by the Credit Committee effective 01 Jan 2008:



·       Increase of the loanable amount for Regular & Contingency Loans




(From Php250,000.00 to Php300,000.00)



(From Php40,000.00 to Php50,000.00)




·       Extension of the amortization period


REGULAR  -  From 36 months or 3 years to 48 months or 4 years

CONTINGENCY  -  From 10 months to 12 months or 1 year



·        Requirement - NO CHANGE, still four times the combined paid-up share capital and member's investment fund.


·        Co-maker - If the loan amount is Php250,000.00 and above, the borrower has the option to avail of two co-makers to pledge for him/her

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