Can Be Reproduced: Department of Justice Employees' Multi-Purpose Cooperative

DOJ-COOP Form No.
2 (revised 07/2020) CAN BE REPRODUCED
DEPARTMENT OF JUSTICE
EMPLOYEES’ MULTI-PURPOSE COOPERATIVE
DOJ Building, Padre Faura St., Ermita, Manila
(02) 7617-7068 * 0917-1378030*0927-6144820
Email Address: DOJ-COOP1989 @gmail.com
LOAN APPLICATION FORM No.____________

THE BOARD OF DIRECTORS
DOJ-COOP –MANILA
GENTLEMEN:
I have the honor to apply for the following:
SALARY LOAN: ____ Month/s (up to 8 Mos.) Terms of Payment: 12 24 36 Months

The Maximum Loanable Amount is P 500,000.00. (BR No. 15-2020)
MULTI-PURPOSE LOAN: P ______________ Terms of Payment: 12 24 36 Months

The Maximum Loanable Amount is P 150,000.00.
SHORT TERM LOAN: P ______________ Terms of Payment: 3 6 9 Months

The Maximum Loanable Amount is P 50,000.00.
REMINDERS: 1. PLEASE USE ONE (1) LOAN APPLICATION FORM FOR EACH TYPE OF LOAN APPLIED.
2. PLEASE READ THE POLICY GUIDELINES AT THE BACK BEFORE ACCOMPLISHING THIS FORM.
(IMPORTANT) 3. ALL LOAN APPLICATION SHALL BE ACCOMPANIED BY MANULIFE LOAN INSURANCE FORM.
4. The Total Maximum Loanable Amount for all types of loan is P 500,000.00.
5. In case the amount stated is not applicable, are you willing to receive a lower amount? YES NO
PROMISSORY NOTE
For value received, I, _____________________________________________ hereby promise to pay the Department of
Justice Employees’ Multi-Purpose Cooperative (DOJ-COOP) directly, or through its Treasurer, or through Payroll Deduction, the
amount of ____________________________________ (P_______________), payable in monthly installments of
___________________________________________ (P________________); the first payment to be made on
_________________________ and every month thereafter until this loan, including interests and other charges, shall have been paid.
I hereby agree that, in case of default in the payment of any installment, or in case of my disability, retirement, resignation,
absence without official leave, and/or separation from the service, the entire unpaid balance of this loan, including interests and other
charges, shall immediately become due and payable without need of any formal demand. I hereby agree to waive presentation of
payment, demand, protest and notice of protest and dishonor of the same.
In case of the above mentioned cases, I hereby assign in favor of DOJ-COOP, without further notice, considerable amount of
my capital deposit, including earned dividends, with DOJ-COOP and all monies and monetary benefits due, or to be due, from my
present office, that would be sufficient to pay off the entire outstanding balance of this loan, including stipulated interests, service
charges and fines. I, therefore, authorize the Department of Justice to deduct the necessary amounts from all monies due me and to
remit the same directly to DOJ-COOP, thru its duly authorized representative.
I further agree that if I fail to pay any installments on the loan when due, I promise to pay a fine in accordance with the terms
of the By-Laws and the Rules and Regulations of the DOJ-COOP. I also promise to abide by the Decision of the Board of Directors of
DOJ-COOP on any matter relating to this loan. In case payment shall not be made at maturity, I shall pay costs of collection and
attorney’s fees in an amount equal to twenty percent of the principal and interest due on this promissory note and, in no event, shall
such charge be less than ten pesos (P 10.00).
________________ ___________________________________________ ______________________
Date Applicant’s Name and Signature Official Station
For Purposes of Loan Processing:
Date of Birth: _____________________________ Civil Status: ________________________
Present Home Address:____________________________________________________________
Contact Number: Landline: ____________________ Mobile No./s: _________________________
Mode of Payment: Check ATM
To be filled up by Head/Chief of Office/Authorized Official
Leave Credits as of ________________________ With Pending Administrative/Criminal Case/s

Vacation Leave ________________________ YES NO
Sick Leave ________________________ If yes, pls. specify _________________
Total ________________________ CERTIFIED BY _________________
CERTIFIED CORRECT BY ______________________
DOJ-COOP Form No. 2 (revised 07/2020) CAN BE REPRODUCED
To be filled up by the DOJ-COOP
Gross Amount P _______________ Date Received : __________________

Less: Service Fee _______________ Gross Salary/mo. P __________________
25 % Capitalization _______________ Net Salary/mo. P __________________
Additional Share Capital _______________
Handling Fee _______________ Monthly Installments
Manulife Loan Secure _______________ Principal P _________________
Previous Loan Balance _______________ Interest _________________
Other Loan Balance _______________ Total _________________
Net Amount of Loan P _______________ Period of Collection __________________
ACTION TAKEN BY THE CREDIT COMMITTEE

APPROVED DISAPPROVED Reason: ________________________________
CREDIT COMMITTEE ____________________ _____________________ _____________________

(Print Name and Signature)
POLICY GUIDELINES ON THE AVAILMENT OF LOANS:

CRITERIA FOR LOAN APPROVAL:
1. Applicant must be in good standing. However, applicants who are NEW MEMBERS can avail of all loans payable within two
(2) years only.
2. Applicant must be included in the preceding and current regular payroll.
3. Applicant must have a monthly net take home pay of in compliance with the provisions of the General Appropriation Act
(GAA) after all deductions have been made, including this loan amortization.
4. Applicant for loan must have contributed at least Twenty Five percent (25%) of the gross loanable amount. If the
contribution/share capital is less than 25%, the balance will be deducted from the proceeds of the loan to cover the minimum
requirement.
5. Applicant must have no pending criminal/administrative case.
6. The loan may be RENEWED upon payment of at least Six Months (6) of monthly amortizations for all types of loans.
7. Applicant can avail of the following loans subject to leave credits requirement as follows:
LEAVE CREDITS SALARY LOAN MULTI-PURPOSE LOAN SHORT TERM LOAN
61 days and Above 8 months Salary but not to

exceed P 500,000
110,000 – 150,0000
30 – 60 days 5 months Salary but not to
exceed P 300,000
15 – 29 days 3 months Salary but not to 40,000 – 100,000 35,000 – 50,000
1 – 14 days exceed P 200,000 10,000 – 30,000 5,000 – 30,000
8. Members with NO LEAVE CREDITS or WITH PENDING ADMINISTRATIVE/CRIMINAL CASE may avail up to Eighty
percent (80%) of his paid-up capital but not to exceed FIVE HUNDRED THOUSAND (P 500,000.00).
9. The Maximum age requirement for availment/renewal of loan shall be Fifty Nine (59) years old. Those who are Sixty (60)
years old and above, may avail up to Eighty percent (80%) of his/her paid-up capital only. Loan of more than 80% of
paid up capital may still be availed, provided he/she has at least 60 days Leave Credits per month of salary or its
equivalent but not to exceed FIVE HUNDRED THOUSAND PESOS (P 500,000.00).
INTEREST RATE:
1. Applicant may choose any of the following terms of payment and the corresponding interest rates, to wit:
A. For Salary and Multi-Purpose Loan – Six Percent (6%) per annum
B. For Short Term Loan – Six Percent (6%) per annum
2. Computation of interest will be based on diminishing balance method.
LOAN CHARGES:
1. Service Fee - 2%
2. Capital Build Up - 2% (BR 31-2015)
3. Handling Fee – Twenty-Five Pesos (P 25.00) for Regular Members and One Hundred Fifty Pesos
(P 150.00) for Associate Members (includes cost of Mailing).
4. Previous Loan balance, if there is any
5. MANULIFE LOAN SECURE premium rate shall be computed per every P 1,000.00 of approved loan and shall be based on
the term of the member’s loan as follows:
TERM OF LOAN PREMIUM RATE / P 1000.00
Twelve (12) Months P 0.65 / month
Twenty Four (24) Months P 0.70 / month
Thirty Six (36) Months P 0.75 / month
TERMS OF PAYMENT:
1. Salary Loan – Up to Thirty Six (36) Months
2. Multi-Purpose Loan – P 10,000.00 – P 50,000.00 – Up toTwenty Four (24) months to Pay; and
P 55,000.00 – P150,000.00 – Up toThirty Six (36) months to Pay (BR 15-2020)
3. Short-Term Loan – P 5,000.00 – P 50,000.00 – Three (3), Six (6) and Nine (9) months to Pay;

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DOJ-COOP Form No.

2 (revised 07/2020) CAN BE REPRODUCED

LOAN APPLICATION FORM No.____________

I have the honor to apply for the following:

SALARY LOAN: ____ Month/s (up to 8 Mos.) Terms of Payment: 12 24 36 Months

MULTI-PURPOSE LOAN: P ______________ Terms of Payment: 12 24 36 Months

SHORT TERM LOAN: P ______________ Terms of Payment: 3 6 9 Months

Leave Credits as of ________________________ With Pending Administrative/Criminal Case/s

To be filled up by the DOJ-COOP

Gross Amount P _ Date Received : ____

ACTION TAKEN BY THE CREDIT COMMITTEE

CREDIT COMMITTEE __________ _ ___________

POLICY GUIDELINES ON THE AVAILMENT OF LOANS:

61 days and Above 8 months Salary but not to

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