Product and Services

TIME DEPOSIT PRODUCTS

TIME DEPOSIT PRODUCTS

FCCMPC TIME DEPOSIT PRODUCTS

Effective January 1, 2017


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<b> Special Time Deposit </b>

Special Time Deposit

Special Time Deposit with special rates!


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<b> Regular Savings Deposit </b>

Regular Savings Deposit


  • Higher interest rate at 4 % per year
  • May deposit any amount thru salary deduction or over the counter
  • Can be withdrawn anytime
  • Tax free and no other charges
  • Php 1, 000 monthly maintaining balance

* Rates can go up and down depending on economic and market condition.


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<b> Savings Deposit Plus </b>

Savings Deposit Plus


  • Higher interest rate at 4 % + 1 % per year
  • Monthly over the counter deposit of at least Php 200
  • Deposit lock for 1 year
  • Tax free and no other charges
  • Php 1, 000 monthly maintaining balance

* Rate can go up and down depending on economic and market condition.


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<b> Time Deposit </b>

Time Deposit


Amount of Deposit                         Interest Rate/Annum
         (PHP)

100, 000 - 999, 999                                      5 %
1,000, 000 - Up                                             6 %

  • Compounded Annually
  • Tax Free

* Rates can be change according to market movement.


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<b> Aflatoun </b>

Aflatoun

Interest rate effective January 1, 2016  -  4%

The 5 Core Elements of Aflatoun:


  1.  Personal understanding and exploration
  2. Rights and responsibilities
  3. Saving and spending
  4. Planning and budgeting
  5. Child enterprise (Social and Financial)

Aflatoun's Child Friendly Banking will work to guarantee every child's easy access to their own safe and friendly savings account.  


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<b> Kiddies and Youth Savings </b>

Kiddies and Youth Savings



  • Higher interest rate at 4 % per year
  • Over the counter deposit
  • One-time service fee of Php 100
  • Can be withdrawn anytime
  • Tax free and no other charges
  • Php 1, 000 monthly maintaining balance

* Rate can go up and down depending on economic and market condition.


NOTE:

Depositors for Kiddies and Youth Savings are not members of the Cooperative. These savings are extended services to member's dependents/relatives.








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<b> Retirement Savings Variable Plan (RSVP) </b>

Retirement Savings Variable Plan (RSVP)


  • This savings product is open to all COOP members.
  • Tax free
  • Initial over-the-counter deposit of Php 1, 000 to open an account.
         Maximum total                     deposit amount of Php           2M.

  • Interest rate shall be as follows:
            1st year - 3rd year - 6.5 %
            4th - 6th year - 7 %
            7th year - 9th year - 7.5 %
            10th year - 12th year - 8 %
            13th year - 15th year - 8.5 %
            16th year onwards - 9 %

  • In the event of savings withdrawal, the nearest lowest interest rate shall be applied
  • Once savings is withdrawn in any particular year, the member may again open  the said savings account

* Rates can go up and down depending on economic and market condition.


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<b>Business Credit Line Loan</b>

Business Credit Line Loan



This loan is to provide FCCMPC members or institution financial assistance that will augment the capitalization of their existing business. This is a secured loan type wherein the applicsnt shall submit the required documents supporting their business.


  • Service charge of 1.5 %
  • 14.4 % interest per annum
  • Completion of requirements to avail the Business Credit Line Loan Program

*Rates can go up and down depending on economic and market condition.






  


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<b>Cash Assistance System For Emergency (CASE)</b>

Cash Assistance System For Emergency (CASE)



Provide the members option for fast loan processing.

  • Php 100, 000 maximum loanable amount
  • 3 % per month interest rate
  • Payable in 12 months maximum term
  • 1 peso per thousand service charge
  • Re-loan availability after one cycle payment

*Rates can go up and down depending on economic and market condition.
 




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<b>Commodity Loan</b>

Commodity Loan



A short term credit facility used for members' purchase on account from accredited suppliers of dry goods, groceries and ETC.


  • Must have no existing balance on the given credit line and no delinquent accounts
  • Commodity availment based on maximum credit line
  • Does not require a co-maker
  • Payment terms and interest vary per products purchased

*Rates can go up and down depending on economic and market condition.





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<b>Educational Loan</b>

Educational Loan



This type of loan is to provide FCCMPC members a facility to avail of an educational loan programs so they can finish their studies or send their children to school without having difficulty in payong the school tuition fees.


  • Maximum loanable amount is Php 50, 000
  • Interest rate is 6 % per annum. Maximum term of 1 year
  • Service charge is 2 %
  • At least 2 co-makers are required
  • Requires School Assestment Statement
  • Loan release is paid directly to school

*Rates can go up and down depending on economic and market condition.


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<b>Hospital Emergency Loan Program</b>

Hospital Emergency Loan Program



This type of loan is used to assist members in their hospitalization expenses.


  • Directly paid to the hospital
  • Requires final hospital billing statement

*Rates can go up and down depending on economic and market condition.










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<b>Multi - Purpose Loan</b>

Multi - Purpose Loan



Intended for all types of expenditures.

  • Maximum loanable amount of Php600,000
  • Maximum payment term is 24 months or 2 years
  • 2 % service charge on Php 100,000 and below. Php 2,000 fixed service if it exceeds Php100, 000

* Rates can go up and down depending on economic and market condition. 


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<b>Petty Cash Loan</b>

Petty Cash Loan



Walk-in over the counter cash availment.


  • Php 1, 000 or Php 500 loanable amount
  • 3 % add-on interest every month
  • No outstanding petty cash loan balance
  • Payable in 3 gives
  • Must have no delinquency in all amortizations due on all laon/ credit accounts
  • No co-makers

* Rates can go up and down depending on economic and market condition.







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<b>Secured Loan</b>

Secured Loan



This type of loan is availed with real state property as collateral.


  • Php 1 million max loanable amount
  • 12 % interest rate per annum
  • With service charge and insurance protection
  • 5-8 years to pay
  • 2-3 weeks processing leadtime

* Rates can go up and down depending on economic and market condition.




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<b>Special Accounts</b>

Special Accounts




This type of loan account is a facility that allows a member to purchase miscellaneous items from accredited suppliers.

  • Maximum amount is equivalent to the members' fixed deposit.
  • Interest rates varies per product purchased
  • Payment to maximum of 1 year.
  • No co-maker required.


Other Commodity Products:
  • Cellphones & Accessories, Computer Equipments, Accessories & Peripherals.
  • Home Appliances c/o Asian Home & Emcore Generic Medicines & Grocery Items c/o FCCMPC.
  • Insurance
  • Travels&Tours
  • Portable Stove- single Burner (uses butane gas)
  • Super Kalan (using coal)
  • Inos Kitchen Collections
  • Phil-Kraft Kitchen Collections
  • Bicycles & Accessories
  • Car Batteries and Accessories

* Rates can go up and down depending on economic and market condition.


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<b>Memorial Products</b>

Memorial Products

Eternal Plan Features

  • Casket 10K worth
  • Transportation worth up to 25KM FREE
  • Cash Back Of Php 14,740 after 15 years & covered lifetime if not being used
  • Transferable to family and friends
  • Convertable to cash
  • Cash Benefits
  • Coop Price (Php 178.11/bi-monthly  = Php21,372.80 for 5 years)
  • Insurable Age (18-64 years old)


Fonus Cebu Funeral Package (Tie up with Damayan Cooperative Bereavement)
  • Casket
  • Pick up of Cadaver
  • Embalming Medicine
  • Restoration of disfigured features when applicable
  • Turn-Over of the casketed cadaver
  • 7 days home viewing
  • Burial Arrangement
  • Delivery to internet site


Memorial Lots:
6% Interest per annum, Max term of 5 years
  • Celestial Meadows Memorial  Lots at Minglanilla, Cebu  -   Php68,000.00 
  • Cebu Evergreen Memorial Lawn lots at South Road,Cebu: 
         
          Lawn Lot Ultra 2.5         -  Php126,174
          Lawn Lot premium 2.5    -  Php104,668
          Lawn Lot Regular 2.5      -  Php86,559


>> Cattleya Memorial Gardens (Cordova) - Php130,000

*Rates can go up and down depending on economic and market condition.


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