Our Loan Services
Long Term Loan
Extended financing solutions for major investments:
- Requirements: 2 latest payslips, Open for restructure
- For ₱200k loan: Minimum 15 co-makers
- Member's Qualification:
- • Regular Member (Payroll) - 10+ years
- • Regular Member (Payroll) - below 10 years
- • Associate Member (Payroll) - below 5 years
- • Regular & Associate (Non-payroll)
- Payment Terms: 1yr / 2yr / 3yrs
- Interest Rates: 17% / 24% / 33%
Short Term Loan
Quick financial solutions for immediate needs:
- Requirements: 2 latest payslips, Open for restructure
- Member's Qualification: All SEMCO Members
- Payment Terms: 3 months / 6 months
- Interest Rates: 25% (3 mos) / 10% (6 mos)
Appliances Loan
Finance your home appliance purchases:
- Requirements: 2 latest payslips, Not allowed for restructure
- Member's Qualification:
- • All Regular and Associate Members (Payroll)
- • Non-Payroll deduction members
- Payment Terms: 3 months / 6 months / 1 year
- Interest Rates:
- • 10% (3 months)
- • 15% (6 months)
- • 22% (1 year)
Educational Loan
Support for educational expenses:
- Requirements:
- • Photocopy of Birth Certificate of Beneficiary
- • School records (ID, Enrollment Record, etc.)
- • Official Receipt
- • Open for restructure
- Member's Qualification:
- • All Members with children, siblings studying in any school level
- Payment Terms: 6 months / 1 year / 2 years
- Interest Rates:
- • 8% (6 months)
- • 15% (1 year)
- • 22% (2 years)
Vesting Right Loan
Special privileges for long-term members:
- Requirements: 2 latest payslips, Open for restructure
- Member's Qualification:
- • SMPC Employees - 10 years and above service
- Payment Terms: 1 year / 2 years / 3 years
- Interest Rates:
- • 17% (1 year)
- • 23% (2 years)
- • 33% (3 years)
Length of Service
Rewards for loyal members:
- Requirements: 2 latest payslips, Open for restructure
- Member's Qualification:
- • DMC-CERE Employees
- • SEMCO Employees
- Payment Terms: 1 year / 2 years / 3 years
- Interest Rates:
- • 17% (1 year)
- • 24% (2 years)
- • 33% (3 years)
Business Loan
Support for your business ventures:
- Requirements:
- • Business Permit/License
- • Appraised Business Value: >₱10,000.00
- • Open for restructure
- Member's Qualification:
- • All members with business within Semirara island
- Payment Terms: 6 months / 1 year
- Interest Rates:
- • 10% (6 months)
- • 17% (1 year)
Special Occasion Loan
Finance your special moments:
- Requirements:
- • 2 latest payslips, Open for restructure
- • Birthday: Birth Certificate
- • Wedding: Invitation Letter/Wedding Schedule Proof
- • Anniversary: Marriage Certificate
- • Graduation/JS Prom: School ID/Valid Proof
- • Christmas or New Year
- • Christening: Proof of Christening
- • Valentine's Day: Available 2 weeks before Feb 14
- • Pamanhikan: Proof of Event
- • Thanksgiving/Blessing: Event Proof
- • Fiesta Within Semirara Island
- Member's Qualification: All SEMCO Members
- Payment Terms: 6 months / 1 year / 2 years
- Interest Rates:
- • 10% (6 months)
- • 17% (1 year)
- • 24% (2 years)
Emergency Loan
Quick access for urgent needs:
- Requirements:
- • 2 latest payslips, Not allowed for restructure
- • Calamity: Barangay Certificate as proof
- • Medical: Official Receipt of expenses
- • Bereavement: Death Certificate of legitimate dependent
- Member's Qualification: All SEMCO Members
- Payment Terms: 6 months / 1 year
- Interest Rates:
- • 5% (6 months)
- • 10% (1 year)
Medical Loan
Support for healthcare expenses:
- Requirements:
- • 2 latest payslips, Not allowed for restructure
- • Calamity: Barangay Certificate as proof
- • Medical: Official Receipt of expenses
- • Bereavement: Death Certificate of legitimate dependent
- Member's Qualification: All SEMCO Members
- Payment Terms: 6 months / 1 year
- Interest Rates:
- • 5% (6 months)
- • 10% (1 year)
