扑克牌牛牛

CASH LOAN (Capital Contribution and Savings Deposit Hybrid loan)

ELIGIBILITY:

• Open to all 扑克牌牛牛 Regular and Associate Members who have available balances in their principally owned or co-owned deposit accounts.

• 95% of available Capital Contribution / Savings Deposit / Time Deposit balance

• 12 months 鈥� 5.80%
• 24 months 鈥� 6.62%
• 36 months 鈥� 6.85%
• 48 months 鈥� 7.10%
• 60 months 鈥� 7.25%

Interest rate for other loan terms such as 6 months and 18 months shall be the rate applicable to the next higher loan term.

• Capital Contribution / Savings Deposit monthly balance offsetting

• Duly accomplished loan application form
• Copy of passbook(s) to be used as collateral
• Government-issued valid photo ID/扑克牌牛牛 ID of the borrower. Copy of the ID of the co-depositor shall be required only when the loan shall be guaranteed by an account co-owned by the borrower.

Q: How many CASH loans can a member avail of?
A: A member can avail as many CASH Loans as his account collateral could cover.

Q: What accounts may be used as collateral?
A: Capital Contribution Account (CCA-001), Savings Deposit Account (SD-002), SD Remittance Account (SD-016) and Time Deposit Account. Default principal source of payment is SD-002. In case SD-002 balance is not enough, offsetting shall be effected using the following order of hierarchy:

1. Other SD accounts (SD-02; SD016)
2. CCA-001 (Capital Contribution Account)
3. Designated collateral account coowned by the borrower

Q: Can I use an account as collateral even if I am only a co-depositor?
A: Yes, however, it would require prior consent /signature of the principal account owner.

Q: When will the monthly amortization be deducted from my account(s)?
A: Account offsetting shall be automatically effected every 27th of the month, following receipt of proceeds.

Q: Can I pay for the loan in full before its maturity date?
A: Early payment of the loan in full is allowed, and is exempted from the application of pre-termination fee.

Q: Can we make over-the-counter payments?
A: Over-the-counter payment shall only be allowed if the loan will be paid in full. Partial payments to fast-track account settlement will not be allowed.

Q: Is this loan covered by Credit Redemption Insurance (CRI)?
A: This being a loan duly covered by available deposits, CRI is not required

Q: Can we renew the loan before its maturity date?
A: Loan renewal is allowed after paying off 20% of the original loan balance.