Sample Computation for Productive and Providential Loan

* At 1%/month or 12 %/annum with 2% Service Fee

Approved Amount of Loan Less: Interest 12% per annum Service Fee (2%) Retention (share cap. Build up) 3% Net Proceeds (Disbursement Voucher No.)
Less: Outstanding Loan Balance plus Interest ( +

P10,000
200

300

500 P 9,500
---

Net Amount

______ P9,500

Forms & Manner of Payments for Productive & Providential Loan

Terms: Maximum Payable within two (2) years Manner of Payment: (Option of the member) Semi- monthly Monthly

PDL/PVL Amortization Schedule: Total Approved Amt. of Loan Php 10,000 Interest Expense (P x R x T) Php 10,000 x 1% x 12 mos. 1,200 Total Amount of Due Php 11,200
Semi-monthly: Php 11,20024 =Php 466.67 Monthly:

Php 11,20012 = Php 933.33

* For 2 Yrs. Term : 1.17%/month or 14 %/annum with 2% Service Fee

Approved Amount of Loan Less: Interest 14% per annum Service Fee (2%) Retention (share cap. Build up) 6% Net Proceeds (Disbursement Voucher No.)
Less: Outstanding Loan Balance plus Interest ( +

P10,000
200

600

800 P 9,200
---

Net Amount

______ P9,200

PDL/PVL Amortization Schedule: Total Approved Amt. of Loan Php 10,000 Interest Expense (P x R x T) Php 10,000 x 1.17% x 24 mos. 2,808 Total Amount of Due Php 12,808
Semi-monthly: Php 12,80848 =Php 266.33 Monthly:

Php 12,80824 = Php 533.67

* For 3 Yrs. Term : 1.33%/month or 16 %/annum with 2% Service Fee

Approved Amount of Loan Less: Interest 16% per annum Service Fee (2%) Retention (share cap. Build up) 6% Net Proceeds (Disbursement Voucher No.)
Less: Outstanding Loan Balance plus Interest ( +

P10,000
200

600

800 P 9,200
---

Net Amount

______ P9,200

PDL/PVL Amortization Schedule: Total Approved Amt. of Loan Php 10,000 Interest Expense (P x R x T) Php 10,000 x 1.33% x 36 mos. 4,788 Total Amount of Due Php 14,788
Semi-monthly: Php 14,788 72 =Php 205.39 Monthly:

Php 14,788 36 = Php 410.78

Sample Computation for Productive Loan

Approved Amount of Loan Less: Interest 12% per annum Service Fee (2%) Retention (share cap. Build up) 2% Net Proceeds (Disbursement Voucher No.)

P10,000 200 200 400 P 9,600

Less: Outstanding Loan Balance plus Interest ( +

--)

Net Amount

______ P9,600

Sample Computation for Petty Cash Loan

Total Approved Amount of Loan Less Service Fee 2% Interest (Amortized) 1%/mo. Net Proceeds

P 5,000 100 --P 4,900

Terms and Manner of Payment for Petty Cash Loan

Terms: Payable at Least not to exceed 2 months Manner of Payments:(Option of the member)
Semi-Monthly Monthly

PCL Loan Amortization Schedule:

Total Approved Amount of Loan Interest Expense (P x R x T) Php 5,000 x 1% x 2 mos.= Total Amount Due Php 5,000 Php 100 Php 5,100

Semi-Monthly: Php 5,1004 = Php 1,275.00 per

payment/ Installment due Monthly: Php 5,100 2 = Php 2,550.00 per payments/ Installment due

PCL Amortization Schedule:

Semi-Monthly
Principal Interest Total Principal

Monthly
Interest Total

1st Payment 2nd Payment

PHP 1,250 PHP 1,250

PHP PHP

25 25

PHP 1,275 PHP 1,275

PHP 2,500 PHP 2,500

PHP PHP

50 50

PHP 2,550 PHP 2,550

3rd Payment 4th Payment

PHP 1,250 PHP 1,250

PHP PHP

25 25

PHP 1,275 PHP 1,275

TOTAL

PHP 5,000

PHP

100

PHP 5,100

PHP 5,000

PHP

100

PHP 5,100