MOTORCYCLE LOAN

Loan Features
Interest Rate – 2%-4% per month
Loan Amount – 20,000.00-70,000.00
Term – 6months to 3 years
Mode of Payment -Weekly/Semi-monthly/Monthly

Eligibility Requirement
 Must be MIGS (member in good standing)
 Must be a Filipino
 Must be at least 18 years of age but not more than 69 years old upon loan maturity
 With at least 1 co-maker

Basic Requirements
 Completed and signed application form
 2 valid government issued photo ID
 Barangay Clearance
 Proof of Billing (if applicable)

Other Requirements
 Price Quotation of motorcycle
 Payment of Equity/Downpayment- minimum of 10% of the purchase price