Your friendly financial cooperative partner!

Savings Product

Account Code                          :           S 1

Product Name                          :           SHARE CAPITAL

Interest Rate                           :           Surplus divided to members

Minimum Amount                     :           P 500.00

 Characteristics: 

  • Cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
  • This product is the primary requirements for membership
  • The applicant shall subscribe for at least one hundred fifty shares with a total value of fifteen thousand pesos (P15,000). Philippine currency payable in ten (10) years, of which at least five hundred pesos (500) corresponding to five (5) shares shall be paid upon approval of application for membership.
  • All members are encouraged to put religiously to this account for these have the benefits of the following:
  • Requirements in loan application:
    • Multiplier for loan amount
    • Criteria for damayan benefits
    • Criteria for member in good standing
    • Requirements for general assembly invitation
    • Basis in giving income on capital and patronage refund every year or dividends
  • Only members who has completed the P15,000.00 share capital shall received a certificate of share capital
  • As a member/co-owner this is your share to the cooperative having one vote regardless of your deposits.
  • Be an active member and be a part of the success of our beloved cooperative  

Account Code                          :           S 3

Product Name                          :           TIME DEPOSITS

Interest Rate                             :           Variable

Minimum Amount                     :           P1,000.00 

Characteristics

  • An investment certificate held at a contracted term and rate
  • Interest earned is fixed with term
  • Notification or advice from member shall be received before maturity date for roll over option, if no notification is received, the certificate automatically rolls over at the existing term under the current rate
  • Who may qualify?
  • A full-pledge member is automatically qualified to use the savings deposits services of NOVADECI
  • Joint accounts of two or more individuals are allowed under the special savings deposit program subject to the conditions governing joint accounts.
  • Trustees or administrators may also open a savings account for each person, association or estate committed to their care provided they shall follow the conditions governing special savings deposit program
  • Fixed interest will be forfeited if withdrawn prior to the maturity date
  • Interest earned varies based on the term of deposit

Account Code                          :           S 4

Product Name                          :           PABAHAY FUND

Interest Rate                             :           2% per annum

Minimum Amount                     :           P50 

Characteristics  

  • This program is intended for members’ wishes to have housing in the future by encouraging them to save and at the same time earns interest.
  • This fund can be used for down payment, monthly amortization or gift to a loved one.
  • This fund can be used as back up for Housing loan
  • WHO MAY OPEN AN ACCOUNT
    • Open to all members
    • Minors may open an account but are subject to the control of their parents or guardians until they reach legal age.
  • INITIAL DEPOSIT
    • Members –P100.00
    • Minors – P50.00
  • Passbook shall be provided free of charge
  • Passbook must be presented at all times and it is not transferable or assignable or serves as pledge in favor of any party

Loan Products

Account Code                           :       L1

Product Name                           :       BUSINESS LOAN

Loanable Amount  (Halaga ng Mauutang)  : Minimum P1,500.00 but not more than P1.5M (including add-on interest)

Interest Rate (Tubong ipapataw)               :       10% per annum straight (add-on in any mode of payment)

Terms of Payments (Taning at Paraan) : 2 months to 60 months, Daily Weekly & Semi-monthly

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :       

 

  • Service Fee        : 0.25% per month up to 12 months, 3% from 12 to 60 months
  • Capital Build Up : 5% if Share Capital is less than P15,000.00 
  • Capital Build Up : 2% if Share Capital is more than P15,000.00 and
  •     1% for more than P100,000 (voluntary)
  • LGF    : P0.60 /P1,000.00 
  • Collection Fee   : 3% Straight
  •   Notarial Fee

 Requirements ( Mga kailangan sa pag-utang) : 

  •  Personally submitted filled-up loan application and passbook
  • Attendance in PMES & MES (for new member)
  • Statement of Income & Expense
  • Credit Investigation (as necessary)
  • Other Requirements (if necessary) - business permit, financial statement, latest bank statement, business plan 

Basis of Loan (Mga batayan sa pag-utang) - 60 days member, share capital P1500 & up, capacity to pay

Securities (Panagot sa inuutang) - co-maker, PDC, SD/TD (non-withdrawable)

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -30 days,  P10,000.00 per month 

 

 

Account Code                          :          L 2

Product Name                          :          REGULAR  LOAN

Loanable Amount  (Halaga ng Mauutang)  : Less than or equivalent to Share Capital but not more than P500,000.00

Interest Rate (Tubong ipapataw)               :       8% per annum straight 

Terms of Payments (Taning at Paraan) : 2 months to 60 months, Daily Weekly & Semi-monthly

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :       

  •   Service Fee        : 0.25% per month up to 12 months, 3% from 12 to 60 months
  • Capital Build Up : 5% if Share Capital is less than P15,000.00 
  • Capital Build Up : 2% if Share Capital is more than P15,000.00 and
  •     1% for more than P100,000 (voluntary)
  • LGF    : P0.60 /P1,000.00 
  • Collection Fee   : 3% Straight

 Requirements ( Mga kailangan sa pag-utang) : 

  •  Personally submitted filled-up loan application and passbook

Basis of Loan (Mga batayan sa pag-utang) - Share capital minimum of P1500 & up

Securities (Panagot sa inuutang) - Share Capital

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -1st loan 30 days after PMES 


Account Code                          :          L 3

Product Name                          :          BACK TO BACK  LOAN

Loanable Amount  (Halaga ng Mauutang)  : 100% based on the face value of Time Deposit

Interest Rate (Tubong ipapataw)               :       TD Interest rate + 3% per annum

Terms of Payments (Taning at Paraan) : 2 months to 24 months, Daily Weekly & Semi-monthly

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :        

  • Service Fee        : 1.5% per regardless of term of payment (not AOI) 
  • LGF    : P0.60 /P1,000.00 per month

 Requirements ( Mga kailangan sa pag-utang) : 

  •  Personally submitted filled-up loan application and passbook
  • Signed Deed of Assignement
  • Must be a member of NMSB & NHCP

 Basis of Loan (Mga batayan sa pag-utang) - Savings Deposit, Time Deposit, Prime Savings

Securities (Panagot sa inuutang) - SD/TD/PRIME

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -None

Account Code                          :          L 2

Product Name                          :          REGULAR  LOAN

Loanable Amount  (Halaga ng Mauutang)  : Less than or equivalent to Share Capital but not more than P500,000.00

Interest Rate (Tubong ipapataw)               :       8% per annum straight 

Terms of Payments (Taning at Paraan) : 2 months to 60 months, Daily Weekly & Semi-monthly

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :       

 

  • Service Fee        : 0.25% per month up to 12 months, 3% from 12 to 60 months
  • Capital Build Up : 5% if Share Capital is less than P15,000.00 
  • Capital Build Up : 2% if Share Capital is more than P15,000.00 and
  •     1% for more than P100,000 (voluntary)
  • LGF    : P0.60 /P1,000.00 
  • Collection Fee   : 3% Straight

 

Requirements ( Mga kailangan sa pag-utang) : 

 

  • Personally submitted filled-up loan application and passbook

 

Basis of Loan (Mga batayan sa pag-utang) - Share capital minimum of P1500 & up

Securities (Panagot sa inuutang) - Share Capital

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -1st loan 30 days after PMES 

Account Code                          :          L 2

Product Name                          :          REGULAR  LOAN

Loanable Amount  (Halaga ng Mauutang)  : Less than or equivalent to Share Capital but not more than P500,000.00

Interest Rate (Tubong ipapataw)               :       8% per annum straight 

Terms of Payments (Taning at Paraan) : 2 months to 60 months, Daily Weekly & Semi-monthly

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :       

 

  • Service Fee        : 0.25% per month up to 12 months, 3% from 12 to 60 months
  • Capital Build Up : 5% if Share Capital is less than P15,000.00 
  • Capital Build Up : 2% if Share Capital is more than P15,000.00 and
  •     1% for more than P100,000 (voluntary)
  • LGF    : P0.60 /P1,000.00 
  • Collection Fee   : 3% Straight

 

Requirements ( Mga kailangan sa pag-utang) : 

 

  • Personally submitted filled-up loan application and passbook

 

Basis of Loan (Mga batayan sa pag-utang) - Share capital minimum of P1500 & up

Securities (Panagot sa inuutang) - Share Capital

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -1st loan 30 days after PMES 

Account Code                          :          L 2

Product Name                          :          REGULAR  LOAN

Loanable Amount  (Halaga ng Mauutang)  : Less than or equivalent to Share Capital but not more than P500,000.00

Interest Rate (Tubong ipapataw)               :       8% per annum straight 

Terms of Payments (Taning at Paraan) : 2 months to 60 months, Daily Weekly & Semi-monthly

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :       

 

  • Service Fee        : 0.25% per month up to 12 months, 3% from 12 to 60 months
  • Capital Build Up : 5% if Share Capital is less than P15,000.00 
  • Capital Build Up : 2% if Share Capital is more than P15,000.00 and
  •     1% for more than P100,000 (voluntary)
  • LGF    : P0.60 /P1,000.00 
  • Collection Fee   : 3% Straight

 

Requirements ( Mga kailangan sa pag-utang) : 

 

  • Personally submitted filled-up loan application and passbook

 

Basis of Loan (Mga batayan sa pag-utang) - Share capital minimum of P1500 & up

Securities (Panagot sa inuutang) - Share Capital

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -1st loan 30 days after PMES 

Account Code                          :          L 4

Product Name                          :          REAL ESTATE MORTGAGE LOAN (COLLATERAL LOAN)

Loanable Amount  (Halaga ng Mauutang)  : Based on lot area but maximum P7 Million (including  add-on), Based on 80% zonal valuation plus tax declaration on improvement (40% market value only)

Interest Rate (Tubong ipapataw)               :       7% per annum straight (add-on interest) 

Terms of Payments (Taning at Paraan) : 1 year to 10 years , Monthly payment

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :        

  • Service Fee        : 3% 
  • Notarial Fee   : P150.00
  • Documentary Stamp
  • Mortgage Fee
  • LGF    : P0.60 /P1,000.00 
  • Collection Fee   : 3% Straight
  • Processing Fee   : 1%
  • Others:
  • CAC/FIRE Insurance if with improvement
  • Balance in Regular Loan, Business & Educational loan (if any)
  • Balances on NMSB & NHCP
  • Co-makers deduction

 Requirements ( Mga kailangan sa pag-utang) : 

  • 1 Year Member in Good Standing 
  • Original copy of TCT
  • Tax Declaration
  • Updated Tax Receipt
  • Tax Clearance & Cedula
Note: Other pertinent document as maybe required
 
Minimum lot Requirements : for Commercial - 100 square meter, for Residential -70 square meter 

Basis of Loan (Mga batayan sa pag-utang) - 25 to 60 years of old, Share capital must be 10% of loanable amount but not less than P25,000.00

Securities (Panagot sa inuutang) -  TCT supported by REM and Promissory Note, PDC, Share Capital

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) - None.

Account Code                          :          L 5

Product Name                     :          JEWELRY PLEDGE LOAN

Loanable Amount  (Halaga ng Mauutang)  : Maximum of P50,000.00

Interest Rate (Tubong ipapataw)                     :       2.5% per month

Terms of Payments (Taning at Paraan) : one month (monthly)

Deductions and Other Charges      

 (Mga ibang ibabawas sa Pag-utang) :       Interest deducted in Advance

Requirements ( Mga kailangan sa pag-utang) : 14 Karats to 24 k of gold,        pledge ticket/application form

Basis of Loan (Mga batayan sa pag-utang) - Gold content and weight of jewelries,    2/3 of the appraised value

Securities (Panagot sa inuutang) - Jewelries

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -None



 

 Account Code                          :          L 6

Product Name                          :          RICE  LOAN

Loanable Amount  (Halaga ng Mauutang) : 1/2 TO 1 1 SACK OF RICE

Interest Rate (Tubong ipapataw)                  :       2% per month

Terms of Payments (Taning at Paraan)      : one month (monthly)

Deductions and Other Charges                                                                                         (Mga ibang ibabawas sa Pag-utang)       :       LGF - P.60 per P1,000 per month 

Requirements ( Mga kailangan sa pag-utang) :  Personally submitted filled out loan application & passbook

Basis of Loan (Mga batayan sa pag-utang) : Minimum Share Capital of P1500 and MPSF or P500 -1/2 sack, P1000 - 1 sack

Securities (Panagot sa inuutang) : Share Capital and Multi purpose savings fund

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -None

 

PROVIDENT LOANS

Account Code                          :          L 7 

Product Name                          :          MPL - CONSUMER LOAN 

Loanable Amount  (Halaga ng Mauutang)  : Based on Multi-Purpose Savings Fund but not more than P50,000.00 amount applied

Interest Rate (Tubong ipapataw)               :       10% per annum straight, AOI- in any mode of payment

Terms of Payments (Taning at Paraan) : 2- 24 months, Daily, Weekly & Semi- Monthly

Deductions and Other Charges                                                                                       (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee - 0.25% per month up to 12 months term, 3% from 12-24 months
  • CFR - 3% straight (add-on interest)
  • LGF - P.60 per P1,000 per month  

Requirements ( Mga kailangan sa pag-utang) :   

  • at least 1 month member
  • personally submitted filled-out loan application and passbook
  • with MPSF fund  

Basis of Loan (Mga batayan sa pag-utang) : MPSF fund

Securities (Panagot sa inuutang) :MPSF Fund

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -P5,000 per month, for 20 years MIGS no aging of share capital up to P25,000.00


Product Name                          :          RICE  LOAN

Loanable Amount  (Halaga ng Mauutang) : 1/2 TO 1 1 SACK OF RICE

Interest Rate (Tubong ipapataw)               :       2% per month

Terms of Payments (Taning at Paraan) : one month (monthly)

Deductions and Other Charges                                                                                                                                                                                                             (Mga ibang ibabawas sa Pag-utang)          :       LGF - P.60 per P1,000 per month 

Requirements ( Mga kailangan sa pag-utang) :  Personally submitted filled out loan application & passbook

Basis of Loan (Mga batayan sa pag-utang) : Minimum Share Capital of P1500 and MPSF or P500 -1/2 sack, P1000 - 1 sack

Securities (Panagot sa inuutang) : Share Capital and Multi purpose savings fund

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) -None

Account Code                          :          L 8 

Product Name                          :         EDUCATIONAL LOAN 

Loanable Amount  (Halaga ng Mauutang)  : Based on allowable credit limit of BL but not more                                                                                         than  P50,000.00 amount applied

Interest Rate (Tubong ipapataw)                      :       8% per annum straight, AOI

Terms of Payments (Taning at Paraan)      : 2- 24 months, Daily, Weekly & Semi- Monthly

Deductions and Other Charges                                                                                       (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee - 0.25% per month up to 12 months term, 3% from 12-24 months
  • CFR - 3% straight (add-on interest)
  • LGF - P.60 per P1,000 per month  

Requirements ( Mga kailangan sa pag-utang) :   

  • at least 1 year MIGS 
  • personally submitted filled-out loan application and passbook
  • Official Receipt
  • School Assessment (school year period)
  • Educational Savings Passbook 

Basis of Loan (Mga batayan sa pag-utang) :

  • Share capital
  • Credit limit on Business Loan
  • Supporting Documents

Securities (Panagot sa inuutang)  :Educational Savings

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) - none

Account Code                          :          L 9 

Product Name                          :         EMERGENCY LOAN

Loanable Amount  (Halaga ng Mauutang)  : Based on supporting documents, share capital but nor more than P50,000.00 amount applied

Interest Rate (Tubong ipapataw)               :       8% per annum straight, AOI- in any mode of payment

Terms of Payments (Taning at Paraan)             :  2- 24 months, Daily, Weekly & Semi- Monthly

Deductions and Other Charges                                                                                       (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee - 0.25% per month up to 12 months term, 3% from 12-24 months
  • CFR - 3% straight (add-on interest)
  • LGF - P.60 per P1,000 per month  

Requirements ( Mga kailangan sa pag-utang) :   

  • Filled out loan application and passbook
  • Official Receipt
  • Death Certificate
  • Brgy/Fire Dept.Report
  • Hospital Bill/Abstract
  • Doctors Prescription
  • At least 30 days member

Basis of Loan (Mga batayan sa pag-utang) : Share Capital, Supporting Documents

Securities (Panagot sa inuutang) : None

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) : none

Account Code                          :         L 10

Product Name                          :         MEMORIAL LOAN

Loanable Amount  (Halaga ng Mauutang)  : Market value of the Memorial Lot

Interest Rate (Tubong ipapataw)               :       8% per annum 

Terms of Payments (Taning at Paraan)              :   12-60 months, Monthly

Deductions and Other Charges                              

 (Mga ibang ibabawas sa Pag-utang)          :       

  • LGF - P.60 per P1,000 per month  AOI

Requirements ( Mga kailangan sa pag-utang) :   

  • Filled out loan application and passbook
  • 1 Year MIGS

Basis of Loan (Mga batayan sa pag-utang) : Share Capital of P15,000 and above

Securities (Panagot sa inuutang) : None

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) : none

Account Code                          :         L 11

Product Name                          :         UTILITY BILLS LOAN (MUBL)

 

  • Water Bills
  • Telephone Bills
  • Electric Bills 

Loanable Amount  (Halaga ng Mauutang)  : P1,000 to P5,000

Interest Rate (Tubong ipapataw)               :       0.50% for 1 month

Terms of Payments (Taning at Paraan)         : 1 month only

Deductions and Other Charges                              

 (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee :  0.25% per month
  • LGF - P.60 per P1,000 per month  AOI

Requirements ( Mga kailangan sa pag-utang) :   

  • Filled out loan application and passbook
  • 3 Years MIGS
  • Unpaid bills in the name of the member
  • Lease of Contract (if renting)

Basis of Loan (Mga batayan sa pag-utang) : With P5,000 Share Capital and above

Securities (Panagot sa inuutang) : None

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) : none

Account Code                          :         L 12

Product Name                          :         NMSB Loan

Loanable Amount  (Halaga ng Mauutang)  : P68,000.00 maximum (including add-on interest

Interest Rate (Tubong ipapataw)                :       8% per annum

Terms of Payments (Taning at Paraan)         : 2-36 months, daily, weekly and semi-monthly

Deductions and Other Charges                              

 (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee :  0.25% per month add-on
  • LGF - P.60 per P1,000 per month  AOI
  • CFR- 3% straight

Requirements ( Mga kailangan sa pag-utang) :   

  • Filled out loan application and passbook
  • 1 Year MIGS
  • 20 years NMSB exempted and have alalay savings 
  • CAC GLIRY member
  • Note: Renewal must be 30% paid of total loan

Basis of Loan (Mga batayan sa pag-utang) : With P15,000 Share Capital and above

Securities (Panagot sa inuutang) : NMSB Benefit & LGF

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) : none 

Account Code                          :         L 13

Product Name                          :         Memorial Pledge Loan

Loanable Amount  (Halaga ng Mauutang)  : Based on 80% fair market value but not to exceed P50,000

Interest Rate (Tubong ipapataw)                :       8% per annum AOI

Terms of Payments (Taning at Paraan)         : 2-24 months, daily, weekly and semi-monthly

Deductions and Other Charges                              

 (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee :  0.25% per month add-on
  • LGF - P.60 per P1,000 per month  AOI
  • CFR- 3% straight
  • Notarial Fee

Requirements ( Mga kailangan sa pag-utang) :   

  • Filled out loan application and passbook
  • Certificate of Ownership (memorial lot title nakapangalan sa Novadeci)
  • Certificate of Non-internment
  • Deed of Assignment
  • 1 Year MIGS

Basis of Loan (Mga batayan sa pag-utang) : With P15,000 Share Capital and above

Securities (Panagot sa inuutang) : None

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) : none 

Account Code                          :         L 14

Product Name                          :         Travel Loan

Loanable Amount  (Halaga ng Mauutang)  : P500,000.00

Interest Rate (Tubong ipapataw)                :       1% per annum 

Terms of Payments (Taning at Paraan)         : 1-6 renewable

Deductions and Other Charges                              

 (Mga ibang ibabawas sa Pag-utang)          :       

  • Service Fee :  3% straight to pay in advance

Requirements ( Mga kailangan sa pag-utang) :   

  • Filled out loan application and passbook
  • Deed of Assignment
  • Passport or Invitation to travel
  • 2 years member

Basis of Loan (Mga batayan sa pag-utang) : Share Capital must be 10% of loan applied

Securities (Panagot sa inuutang) : None

Aging of Share Capital (Pagpapagulang ng Sosyo Kapital) : none 


 

 

Information

Upcoming Events

Friday, Jun 2 at 8:45 AM - 9:45 AM
Friday, Jun 9 at 8:45 AM - 9:45 AM
Friday, Jun 16 at 8:45 AM - 9:45 AM
Friday, Jun 23 at 8:45 AM - 9:45 AM

Contact Numbers

Main Office Trunkline numbers:

418-4638-40, 419-2990-91, 936-6211, 936-6212, 938-1104

Main Office Cellphone numbers 

0917-8766804

0917-8766790

0917-8766795

Branches & Satellite Offices

Camarin Branch :  962-9694 / 962-0426 / 0917-8766792

Bagong Silang Branch :962-8195 / 351-6266 / 0917-8766800

Tandang Sora Satellite : 517-2540 / 0917-8766796

Fairview Satellite : 461-7276 / 0917-8766794

Lagro Satellite : 938-6527 / 0917-8766802

Muñoz Satellite : 410-7118 /376-7308 / 0917-8766797