HONORARIUM LOAN

Purpose : Multi-Purpose

Loan Features

3% per month interest

5,000-100,000 loan amount

3 months to 1 year to pay (but not to exceed 3 months before the expiration of term of office)

monthly mode of payment

Loan Eligibility

  • 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
  • Must be an incumbent elected or appointed Barangay official, limited to the following only:
  • Barangay Chairman
  • Barangay Kagawad
  • Treasurer
  • Barangay Secretary
  • SK Chairman
  • Must not be due for election or expiration of appointment within 6 months following the date of loan application.
  • With at least 1 co-maker

Loan Requirements

  • Completed and signed application form
  • 2 valid government issued photo ID
  • Latest 2 months payslip