Georgia

Paaraloan

Paaraloan

Product Description

Paaraloan is a loan product intended to finance the educational expenses of a member or those of his/her immediate relatives.

For Elementary and Highschool 

     Loan Ceiling : P50,000.00
     Maximum Term :

          a) Lump-sum: 10 months
          b) Amortized: 12 months

     Mode of Payment :

          a) Installment: Monthly, Semi-Monthly, Weekly, Daily
          b) Lump-sum
 

For College

     Loan Ceiling : P50,000.00
     Maximum Term :

         a) Lump-sum: 6 months
         b) Amortized: 12 months
     Mode of Payment :

         a) Installment: Monthly, Semi-Monthly, Weekly, Daily
         b) Lump-sum

Documentation Requirements

For Elementary and Highschool

          a) Assessment/ official receipt if purpose is for payment of tuition fee, or proof of current enrolment duly signed by the school        registrar if for related educational expenses other than tuition fees;

          b) Proof of borrower’s income;

          c) Photocopies of Valid IDs of maker and co-makers; and

         d) Proof of borrower’s relationship with the beneficiary/ies

For College

          a) Assessment/ official receipt if purpose is for payment of tuition fee, or proof of current enrolment duly signed by the school registrar if for related educational expenses other than tuition fees;

          b) Proof of borrower’s income;

          c) Photocopies of Valid IDs of maker and co-makers; and

          d) Proof of borrower’s relationship with the beneficiary/ies