Regular Loan
A personal loan intended to finance the household needs in which, the share capital is being maximized and is being offered as a collateral for the loan.
- Interest rate up to 1.25%
- Payable up to 1 year
- Tax-free
- With patronage refund and loan is insured
To qualify for MHRMPC membership, individuals must meet specific criteria outlined by the cooperative.
- Regular Member
- Has a regular and stable income of at least one (1) year.
Applicants to MHRMPC are required to submit specific documentation.
- Two (2) valid government IDs
- Proof of Income at least recent three months
- Bank Statement
- Proof of Billing of at least two months
- Additional requirements may be added depends on amount of loan
