Paglaum Multi-Purpose Cooperative - Loan and Review. Lender in Manila - Philippines Loan

Paglaum Multi-Purpose Cooperative

Логотип компании Paglaum Multi-Purpose Cooperative

First loan for free

Rating of organization: 5/5, total votes 203.

More info about Paglaum Multi-Purpose Cooperative

Name of Organization Paglaum Multi-Purpose Cooperative
Full Name of Organization Paglaum Multi-Purpose Cooperative
Hotline (088) 521-5270

Paglaum Multi-Purpose Cooperative - Product Features

Min. financing amount 1000 php
Max. financing amount 1000000 php
Max. financing amount 365 days
Loan tenure 0.05%
Approval duration Average time from 2 to 12 hours

Fees & Charges

Debt consolidation Information on debt consolidation is not listed on the site. You need to contact representatives of the organization through any source and clarify
Processing fee One-time fee is not charged when making a loan
Stamp duty Stamp duty is not provided in the organization
Annual fee Annual fee ranges from 180% to 365% depending on the percentage under which you borrowed
Other fees Other fees are not listed on the site. However, when applying for a loan, you can include insurance or any other services. For more information, you need to consult with representatives of the organization.

Penalties

Early settlement Early debt settlement does not charge you extra fees. For more information contact the credit organization.
Late payment charges 6% of overdue amount
Other penalties Not provided

Additional Requirements

Need to bind a bank account No
Other details Payment on the loan occurs through a bank card

IS Paglaum Multi-Purpose Cooperative LEGIT?

Yes, Paglaum Multi-Purpose Cooperative is a legit cooperative. It has been in operation since 1984 and has a total membership of more than 9,000. Paglaum offers various services such as savings and loans, insurance, remittances, and other money services.

How to take a loan in Paglaum Multi-Purpose Cooperative?

To take a loan in Paglaum Multi-Purpose Cooperative, you will need to be a member of the cooperative. You can either open a savings account with Paglaum or take out a loan from Paglaum. The Paglaum website has more information on how to become a member and how to apply for a loan.

Best offers

Loan parameters in Paglaum Multi-Purpose Cooperative

The Paglaum website has a list of loan parameters that you can use to compare Paglaum’s loans with other lenders. Some of the loan parameters include:

  • Loan amount
  • Interest rate
  • Loan term
  • Repayment schedule
  • Collateral requirements

Type of loans

Student loan

  • Interest rates: 1,15% per month
  • Minimum loan amount: 5 000 PHP
  • Maximum loan amount: 100 000 PHP
  • Payment terms: Up to 3 years
  • Approval time: 5 – 10 days

Pension loan

  • Interest rates: 2% per month
  • Loan amount: Based on the amount of pension
  • Payment terms: Up to 36 months
  • Approval time: 1-5 days

Instant loan

  • Interest rates: 2% per month
  • Loan amount: 75% of his/her CBU or base on the capacity to pay
  • Payment terms: Up to 3 months
  • Approval time: 1 day

CBU Loan Program

  • Interest rates: 10% per annum
  • Loan amount: 10 000 – 100 000 PHP
  • Payment terms: Up to 18 months
  • Approval time: 1-5 days

Example of calculating interest and loan payments

To calculate the interest and loan payments on a Paglaum Multi-Purpose Cooperative loan, you will need to know the interest rate, the loan amount, and the repayment term. The Paglaum website has a list of interest rates and loan amounts for each type of loan. You can also use an online calculator to help you with the calculations.

For example, let’s say you borrow 50,000 PHP from Paglaum with an interest rate of 1.5% per month and a repayment term of 24 months. The total amount you will have to repay is 59,752 PHP. This includes the original loan amount plus the interest. Your monthly payment would be 2,489 PHP.

Additional conditions for granting loans

In addition to the basic requirements for taking a loan, Paglaum Multi-Purpose Cooperative also has certain additional conditions that you must meet in order to be approved for a loan. Some of these conditions include:

  • You must be a member of Paglaum Multi-Purpose Cooperative
  • You must have a good credit history
  • You must have a steady income
  • You must have a collateral or guarantor

Reasons for a loan denial

There are a variety of reasons that Paglaum Multi-Purpose Cooperative may deny a loan application. Some of the most common reasons include:

  • You are not a member of Paglaum Multi-Purpose Cooperative
  • You do not have a good credit history
  • You do not have a steady income
  • You do not have a collateral or guarantor

If I am approved for a loan, when will the money show up in my account?

If you are approved for a Paglaum Multi-Purpose Cooperative loan, the money will usually show up in your account within a few days.

How much does Paglaum Multi-Purpose Cooperative charge in interest and fees?

The Paglaum website has a list of interest rates and loan amounts for each type of loan. You can also use an online calculator to help you with the calculations.

How to take a loan in Paglaum Multi-Purpose Cooperative?

  • Fill in the application for a loan.
  • Confirm the offer. The offer is signed by an SMS code sent to your Get the solution instantly!
  • Transfer money to a bank account or card in one day!

Additional conditions for granting loans:

  • the whole process through the Internet, without leaving home;
  • for Filipino citizens who have reached the age of 21 (majority);
  • the presence of a permanent registration in the territory of the Philippines;

Reasons for a loan denial:

  • Poor credit score
  • You are blacklisted, on debt review or had a judgement against your name
  • You don’t have enough income for the loan you requestedd
  • Poor track record of credit card or loan repayments

Address - Eastern Looc, Plaridel, Misamis Occidental 7209

Managing structure Paglaum Multi-Purpose Cooperative

Founder - Unknown
Co-owner - Unknown
Hi, Im !
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.

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