Announcements:
Welcome to SEMCO - Your Friendly Cooperative! New loan packages available for members Visit our new branch in Semirara Island
Open Hours: 8:00 AM - 5:00 PM
Hotline: +63 (0998) 979-2801
SEMCO Lending Services

Lending Services

Fast Approval Secure Process Competitive Rates

Loan proceeds are usually intended for investment/business, house repair, housing payment, hospital/medical/maternity charges, tuition, and other school fees, occasions/events expenses, etc.

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)

Loan Information

Loan proceeds are usually intended for investment/business, house repair, housing payment, hospital/medical/maternity charges, tuition, and other school fees, occasions/events expenses, etc.