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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Magsaysay Multi-Purpose Cooperative https://upfinance.com/app/uploads/2020/06/mag.jpg
2nd Floor, MAGCOOP Building, 473 United Nations Avenue 1000 Ermita, Manila
+63 917 859 2046, ✉ magcooploans@magcoop.com ✉ memberservices@magcoop.com
Interest rate 1% - 1.75%
Loan tenure from 3 to 24 months
Approval duration Up to 120 hours
Min. monthly income1

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

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Emergency 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

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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

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Regular loan

Interest rates: 1% per month
Maximum loan amount: 300 000 PHP
Payment terms: Up to 24 months
Approval time: 3-5 days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

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
E-mail ✉ magcooploans@magcoop.com ✉ memberservices@magcoop.com
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