St. Martin — Back to Back Loan

To provide a loan package that is more competitive and responsive to the needs of the members.

Characteristics

Collateral / Security
- Back-To-Back Loan may be secured by:
  - Time Deposits,
  - Unencumbered Savings Deposit, or
  - Share Capital
Loanable Value
- The maximum loanable amount under this type of loan is as follows:
  - Up to 90% of Time Deposits;
  - Up to 90% of unencumbered savings deposit; or
  - Up to 90% of share capital deposit after deducting the minimum required deposit of P2,000.00
  - No other character loan will be available to the member who used his/her share capital as collateral for this loan, unless he/she is willing to put up cash deposit as additional collateral deposit.
Terms and Manner of Payment
- Amortized monthly, in which case:
  - Interest computation is based on diminishing balance
  - Maximum term is 60 months without extension subject to the following loan brackets.

Back to Back Loan