Chattel Mortgage Loan
Refers to a credit accommodation extended to individual who can offer acceptable motor vehicles as collateral in favor of a loan. The foregoing policy guidelines on Chattel Mortgage shall be the basis in granting loan accommodation on all types of motor vehicles specified herein. Loan servicing shall meet the qualifying criteria set by the company.
Real Estate Mortgage Loan
Refers to a loan accommodation extended to borrower/client who offers a Real Estate Property as collateral subject to Inspection and Appraisal Report as to loanable amount.
Seaman's Loan
Refer to a credit accommodation extended to SEAFARER or personal loan of a Seaman.
Allotment Loan
A credit facility offered to official allottee with regular monthly allotment from spouse and/or children working as seaman whose allotment are sent through agency with allotment paid to allottee's bank account supported by a bank statement specifying at least 1 month allotment has been received as reflected in the statement.
Salary Loan
Refers to a credit accommodation extended to individual or group of employees of national government entities/agencies, Local Government Units (LGUs)/agencies, government owned or controlled corporations and /or Private Offices, with regular/permanent employment status with at least one (1) year in the service, as well as elected/appointed local government officials receiving fixed monthly salary income. Loan amortization is by way of automatic payroll deductions thru ATM withdrawal payment and/or with Post-Dated Checks for either group or individual account, whichever is applicable. Borrower must have a monthly retention net take home pay of not less that Php. 3,000.00 a month.
Pension Loan
Servicing Government Service Insurance System (GSIS), Social Security System (SSS), and US Pensioner including Survivor ship (for surviving spouse/beneficiary), supported with validated copy of Pension Agreement. Amortization payments is through regular monthly pension received with a passbook or any valid ATM Card account or E-card for GSIS pensioner.
Barangay Loan
A group loan extended to duly elected/appointed Barangay officials/employees thru their monthly honorarium pay. Contract of Disbursement is executed by the Barangay Captain and Treasurer to automatically deduct from their monthly payroll and directly remit their payments in form of cash or check to UFCI on time according to schedule amortizations.