Emergency Loan (EL) is grated to Members in Good Standing (MeGS). Member can avail this type of loan for unexpected or unforeseen events.
This has 2% interest per month with diminishing computation and is payable in six months. EL may be P 6, 000.00 to 10, 000.00.
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Emergency loans then its acceptance time is also less. After applying online you will get your amount within shorter time duration. But, the monthly interest of these loans can be a bit higher as compared to other loans.
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