Magsaysay Multi-Purpose Cooperative in the Philippines
MAGCOOP or the Magsaysay Multi-Purpose Cooperative is duly registered with the Cooperative Development Authority (CDA), the regulatory agency of the Philippines over matters concerning the development of cooperatives in the country. The primary purpose of the cooperative is to engage in providing loans to members for productive and providential purpose and to provide quality consumer […]
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MAGCOOP or the Magsaysay Multi-Purpose Cooperative is duly registered with the Cooperative Development Authority (CDA), the regulatory agency of the Philippines over matters concerning the development of cooperatives in the country.
The primary purpose of the cooperative is to engage in providing loans to members for productive and providential purpose and to provide quality consumer goods and services to members, among others.
Credit
Educational loan
| terms | old | new |
| amount ₱ | 20 000 | 100 000 |
| interest rate |
0% if 4 mo. |
0% if 4 mo. 6% if 10 mo. |
Required share capital: 10% of loanable amount
Maximum loan amount: OLD – 20 000 PHP; NEW – 100 000 PHP
Payment terms: OLD – 4 months; NEW up to 10 months
Approval time: 3-5 days
Calculate loanEmergency loan
| terms | old | new |
| amount ₱ | 50 000 | 100 000 |
| interest rate |
0% if 5 mo. |
0% if 5 mo. 5% if 10 mo. |
Required share capital: 10% of loanable amount
Maximum loan amount: OLD – 50 000 PHP; NEW – 100 000 PHP
Payment terms: OLD – 5 months; NEW up to 10 months
Approval time: 3-5 days
Business loan
| terms | old | new |
| add-on rate unsecured |
9% APR |
18% APR |
Minimum loan amount: OLD – 301 000 PHP; NEW – 500 000 PHP
Payment terms: Up to 24 months
Approval time: 3-5 days
Regular loan
Interest rates: 1% per month
Maximum loan amount: 300 000 PHP
Payment terms: Up to 24 months
Approval time: 3-5 days
Contacts
| Full company name | Magsaysay Multi-Purpose Cooperative |
| Address | 2nd Floor, MAGCOOP Building, 473 United Nations Avenue 1000 Ermita, Manila |
| Phone number | +63 917 859 2046 |
| ✉ magcooploans@magcoop.com ✉ memberservices@magcoop.com | |
| Social networks |
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