Group A

1) Employees with 10 years of uninterrupted service

2) Net take home pay = 1/3 of Gross Sal. after deducting the computed monthly amortization of this loan.
3) Maximum Loanable Amount = P60,000.00
4) Maximum period of payment = 24 months
5) Downpayment = 10% of total cost.
Group B
1) Permanent employees who have rendered 6 mos. during the current calendar year, Jan.-Dec., prior to
the month of loan application

2) Net take home pay = 1/3 of Gross Sal. after deducting the computed monthly amortization of this loan.
3) Maximum Loanable Amount = P30,000.00
4) Maximum period of payment = 12 months

5) Downpayment = 20% of total cost.

Process Flow

Payroll Purchasing Internal VP Purchasing Payroll

Borrower
Officer Officer Auditor Finance Officer Officer