Products and Services

LOANS

Loans can be obtained for a variety of purposes. 

  • Education
  • Home Improvements
  • Emergency
  • Calamity
  • Business Appliances/Gadgets Motorcycle etc.
LOW INTEREST RATES

Interest rates are fair, transparent and competitive.

NO EARLY REPAYMENT PENALTIES
Interest is charged on the Loan Balance outstanding, with no penalties for early repayment. In fact, early repayment saves you money!
REPAYMENT IS EASY
You may repay your loan in the Coop Satellite office using your Debit Card or Cash payment, Salary Deduction, Fund transfer thru Coop Bank Account (BPI, Metrobank & BDO), Auto Debit, Postdated Check etc.

LOAN TYPE

1. Regular Loan – Whether it’s Back to School, Home Improvement, Financial Support, Business or other needs, we love lending and are happy to help. Whatever your needs, we can lend you the money you need to see you through. (NOTE: Subject to existing Credit Policies and Procedure.)

    • Why choose a Regular Loan from RR COOP?
    • Borrow up to 3x your Share Cap. Plus Special Savings payable in 3 years (maximum)
    • Great value interest rate – only @12.0% per year
    • Flexible repayment options
    • With loan protection insurance/Accident Insurance (subject to T&Cs)
    • No penalty for early repayment of loan balance

2. Educational loan – is a fund solely, strictly, and exclusively for the educational  expenses  of member –borrower and his/her primary performance.

3. Emergency loan – is an immediate source of funds to be used strictly for emergency purposes such as sickness in the family, death in the family, physical accidents, fire, and natural disasters and calamities.

4. Petty Cash Loan – is used for miscellaneous expenses of the member-borrower.

5. Appliance loan/Bicycle – is used for purchase of appliances and bicycle unit for convenience.

6. Gadget loan – is offered to provide members with telecommunication gadgets for family and personal use.

7. Motorcycle loan – is offered to provide members with motorcycle units for transportation, business and personal use.

8. ATM loan– Ready Credit Loan – is an immediate source of fund.

9. ATM Buster loan– is offered to those members whose ATM Card is pawned with other Loan Providers.

10. Benefits loan

SHARE CAPITAL & SAVINGS

1. Share Capital – A membership requirement at P 15,000.00 (maximum) per member, the deposit will earn interest on Share Capital annually, as declared by the cooperative.

2. Special Savings- The Special Savings deposit is non-withdrawable and will be a basis for loan availment. It will earn an interest rate of 3% per year or whatever interest rate approved by the BOD from time to time. The interest will be computed at the end of fiscal year to be released during the general assembly or it will be credited to depositors account.

3. Koopaluwagan Savings – It is the fastest and most optimal way to grow savings for Holiday season by turning holiday spending into a smart savings plan.  The member may open Koopaluwagan starting January 15 and can only withdrawn on December 15 of the same year.

4. Regular Savings – A voluntary Savings for RR Coop Members with P500.00 maintaining balance.  A liquid savings account with no contractual maturity and can be withdrawn anytime.

5. Time Deposit – A regular time deposit certificate issued to the member for every account opened. Interest on deposits varies depending on the amount, the longer the term and amount, the higher the interest rate.

INSURANCE

NATCCO MBAI DAMAYAN MICRO INSURANCE – Group Life Insurance with a Single Contract that covers the entire group. It covers the coop members, and give the life insurance benefits in the event of member or dependents death.