Professional Documents
Culture Documents
Monthly
Principal
Month Interest Amortizati
Payment
on
1 1,000.00 3,333.33 4,333.33
2 833.33 3,333.33 4,166.66
3 666.67 3,333.33 4,000.00
4 500.00 3,333.33 3,833.33
5 333.33 3,333.33 3,666.66
6 166.67 3,333.35 3,500.02
3,500.00 20000.00 23,500.00
Payment Method
ATM Card
Borrowers may opt to leave their Payroll
ATM Card where the cooperative could
withdraw monthly amortization of Loan.
Post-Dated Check
A monthly check payment shall be
issued by the borrower to compensate the
loan made.
Non-Collateral Loan
Safe Loan
Penalties