GEMPC Lending Services
GEMPC LENDING SERVICES
Our Cooperative Lending Services are designed to put you ahead with fast approvals, low-interest rates, and personalized support. We ensure you get the funds you need—no hassle, no hidden fees. Experience the difference with our member-focused approach, where your financial well-being comes first.
Plus, we give back to our members a patronage refund on paid interest for every loan repaid, putting money back in your pocket. It’s our way of thanking you for your trust and loyalty while prioritizing your financial success.
Here are the types of loan you can avail in our Coop:
|
Type of Loans |
Max. Loanable Amount |
Interest (%) |
One-time service |
Terms of payment |
|
Non-Cash Loan (apparel/appliances/mobile phones) |
Depending on capacity to pay |
1.25%/mon. |
3% |
12 months |
|
Vale |
5,000.00 |
1.25%/mon. |
2.75% |
One time payment |
|
Short Term Loan |
6,000.00 |
1.25%/mon. |
3% |
2 months |
|
Regular loan |
1st loan 10,000.00 |
1.25%/mon. |
3% |
12 months |
|
Special Loan (with tenured membership/ capacity to pay) |
1,000,000.00 |
1.25%/mon. |
3% |
24 months |
|
Education Loan* |
200,000.00 |
4% per annum |
3% |
12 months |
|
Emergency Cash Loan |
20,000.00 |
1.25% (one-time) |
2.75% |
1 month |
|
Salary Loan (1)* (applicable for no existing loan) |
Equivalent to paid-up capital |
7.5%/annum |
1,000.00 |
12 months |
|
Salary Loan (2)* (applicable for no existing loan) |
Equivalent to paid-up capital |
12%/annum |
1,000.00 |
12 months |
|
LOAN FOR NON-MEMBER |
||||
|
Cash or Non-Cash Loan* |
Capacity to pay subject to verification |
2.75% |
3% |
12 months |
* not anymore subject for patronage refund