[Blueboard] AMPC Loans revised guidelines for 2008

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


ANNOUNCEMENT

 

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

 

 

REGULAR:

(From Php250,000.00 to Php300,000.00)

 

CONTINGENCY:

(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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