Financial Loans Services
FINANCIAL SERVICES AND DEVELOPMENT
The Financial Services and Development Loan (FSDL) is intended to help the members attain self-resiliency by providing them with financial assistance and means of pursuing and engaging in income generating activities that will augment their monthly income in addition to their income from employment. It also aims to increase their monthly take home pay by combining and offsetting their outstanding obligations into one account which is subject to a much affordable payment/deduction scheme.
| This loan started in 2002 specifically intended to assist members in their financial needs or for any other purpose that cannot be met by their regular 15th and 30th take home pay. This is deductible from their bonuses / special payments. This type of loan is more affordable and convenient to members, since it will not be form part of the deduction from their fixed salary which they are using for their day to day expenses. |
| Purpose of this loan is for the purchase of various construction materials needed by the member for repair of their houses or for simple project they want to undertake. The member has the option to buy to suppliers or hardware near to their location. Loanable amount is up to a maximum of 20,000.00 with a maximum term of 24 mos. | ||||||
| PHP 5,000.00 | ||||||
| 3 MOS | 6 MOS | 12 MOS | 18 MOS | 24 MOS | ||
| GROSS AMOUNT | 5,367.00 | 5,484.00 | 5,712.00 | 5,940.00 | 6,168.00 | |
| SEMI-MO AMORT | 894.50 | 457.00 | 238.00 | 165.00 | 128.50 | |
| NET PROCEEDS | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 | |
| PHP 10,000.00 | ||||||
| 3 MOS | 6 MOS | 12 MOS | 18 MOS | 24 MOS | ||
| GROSS AMOUNT | 10,731.00 | 10,962.00 | 11,424.00 | 11,880.00 | 12,360.00 | |
| SEMI-MO AMORT | 1,788.50 | 913.50 | 476.00 | 330.00 | 257.50 | |
| NET PROCEEDS | 10,000.00 | 10,000.00 | 10,000.00 | 10,000.00 | 10,000.00 | |
| PHP 15,000.00 | ||||||
| 3 MOS | 6 MOS | 12 MOS | 18 MOS | 24 MOS | ||
| GROSS AMOUNT | 16,095.00 | 16,440.00 | 17,136.00 | 17,820.00 | 18,528.00 | |
| SEMI-MO AMORT | 2,682.50 | 1,370.00 | 714.00 | 495.00 | 386.00 | |
| NET PROCEEDS | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 | |
| PHP 20,000.00 | ||||||
| 3 MOS | 6 MOS | 12 MOS | 18 MOS | 24 MOS | ||
| GROSS AMOUNT | 21,462.00 | 21,924.00 | 22,848.00 | 23,760.00 | 24,696.00 | |
| SEMI-MO AMORT | 3,577.00 | 1,827.00 | 952.00 | 660.00 | 514.50 | |
| NET PROCEEDS | 20,000.00 | 20,000.00 | 20,000.00 | 20,000.00 | 20,000.00 | |
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| These loans were initiated on December 2009 and December 2010,to provide additional financial needs to members in the celebration of Christmas season. Some of the beneficiaries of these loans were members whose accounts were subjected to Consolidation. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PHP 20,000.00 | ||||||
| 3 MOS | 6 MOS | 12 MOS | 18 MOS | 24 MOS | ||
| GROSS AMOUNT | 21,945.00 | 22,890.00 | 24,780.00 | 26,676.00 | 28,560.00 | |
| SEMI-MO AMORT | 3,657.50 | 1,907.50 | 1,032.50 | 741.00 | 595.00 | |
| NET PROCEEDS | 20,000.00 | 20,000.00 | 20,000.00 | 20,000.00 | 20,000.00 | |
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(Payable thru issuance of Post Dated Checks) | |||||||
| This product is intended to help the members attain self-resiliency by providing them with financial assistance and means of pursuing and engaging in income generating activities that will augment their monthly income in addition to their income from employment. It also aims to increase their monthly take home pay by combining and offsetting their outstanding obligations into one account which is subject to a much affordable payment/deduction scheme. | |||||||
| PHP 500,000.00 | |||||||
| 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | 48 MOS | 60 MOS | |
| GROSS | 540,132.00 | 559,350.00 | 579,000.00 | 599,070.00 | 619,596.00 | 661,872.00 | 705,840.00 |
| INTEREST | 40,132.00 | 59,350.00 | 79,000.00 | 99,070.00 | 119,596.00 | 161,872.00 | 205,840.00 |
| SERVICE CHARGE | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 |
| NET PROCEEDS | 500,000.00 | 500,000.00 | 500,000.00 | 500,000.00 | 500,000.00 | 500,000.00 | 500,000.00 |
| MONTHLY | 45,011.00 | 31,075.00 | 24,125.00 | 19,969.00 | 17,211.00 | 13,789.00 | 11,764.00 |
| MONTHLY SC | 1,250.00 | 1,250.00 | 1,250.00 | 1,250.00 | 1,250.00 | 1,250.00 | 1,250.00 |
| FIRST 12 MOS | 46,261.00 | 32,325.00 | 25,375.00 | 21,219.00 | 18,461.00 | 15,039.00 | 13,014.00 |
| PHP 400,000.00 | |||||||
| 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | 48 MOS | 60 MOS | |
| GROSS | 432,108.00 | 447,480.00 | 463,200.00 | 479,250.00 | 495,720.00 | 529,488.00 | 564,660.00 |
| INTEREST | 32,108.00 | 47,480.00 | 63,200.00 | 79,250.00 | 95,720.00 | 129,488.00 | 164,660.00 |
| SERVICE CHARGE | 12,000.00 | 12,000.00 | 12,000.00 | 12,000.00 | 12,000.00 | 12,000.00 | 12,000.00 |
| NET PROCEEDS | 400,000.00 | 400,000.00 | 400,000.00 | 400,000.00 | 400,000.00 | 400,000.00 | 400,000.00 |
| MONTHLY | 36,009.00 | 24,860.00 | 19,300.00 | 15,975.00 | 13,770.00 | 11,031.00 | 9,411.00 |
| MONTHLY SC | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| FIRST 12 MOS | 37,009.00 | 25,860.00 | 20,300.00 | 16,975.00 | 14,770.00 | 12,031.00 | 10,411.00 |
| PHP 300,000.00 | |||||||
| 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | 48 MOS | 60 MOS | |
| GROSS | 324,084.00 | 335,610.00 | 347,400.00 | 359,430.00 | 371,772.00 | 397,104.00 | 423,480.00 |
| INTEREST | 24,084.00 | 35,610.00 | 47,400.00 | 59,430.00 | 71,772.00 | 97,104.00 | 123,480.00 |
| SERVICE CHARGE | 9,000.00 | 9,000.00 | 9,000.00 | 9,000.00 | 9,000.00 | 9,000.00 | 9,000.00 |
| NET PROCEEDS | 300,000.00 | 300,000.00 | 300,000.00 | 300,000.00 | 300,000.00 | 300,000.00 | 300,000.00 |
| MONTHLY | 27,007.00 | 18,645.00 | 14,475.00 | 11,981.00 | 10,327.00 | 8,273.00 | 7,058.00 |
| MONTHLY SC | 750.00 | 750.00 | 750.00 | 750.00 | 750.00 | 750.00 | 750.00 |
| FIRST 12 MOS | 27,757.00 | 19,395.00 | 15,225.00 | 12,731.00 | 11,077.00 | 9,023.00 | 7,808.00 |
| Note: Service Charge is payable over a period of 12 months and not included in the gross amount as indicated above. | |||||||
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| This loan was launched to serve the needs of members whose cash requirement is lower than that offered by the existing FSDL at a relatively same rate of interest. Amount is ranging from 25,000 to 75,000 payable from 6 months to 36 months. | |||||||
| PHP 25,000.00 | |||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | ||
| GROSS | 25,000.00 | 25,000.00 | 25,000.00 | 25,000.00 | 25,000.00 | 25,000.00 | |
| SEMI-MO AMORT | 2083.33 | 1041.67 | 694.44 | 520.83 | 416.67 | 347.22 | |
| NET PROCEEDS | 23,229.17 | 22,354.16 | 21,479.17 | 20,604.18 | 19,729.15 | 18,854.13 | |
| PHP 30,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 30,000.00 | 30,000.00 | 30,000.00 | 30,000.00 | 30,000.00 | 30,000.00 |
| SEMI-MO AMORT | 2,500.00 | 1,250.00 | 833.33 | 625.00 | 500.00 | 416.67 |
| NET PROCEEDS | 27,875.00 | 26,825.00 | 25,775.01 | 24,725.00 | 23,675.00 | 22,624.98 |
| PHP 35,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 35,000.00 | 35,000.00 | 35,000.00 | 35,000.00 | 35,000.00 | 35,000.00 |
| SEMI-MO AMORT | 2,916.67 | 1,458.33 | 972.22 | 729.17 | 583.33 | 486.11 |
| NET PROCEEDS | 32,520.83 | 31,295.84 | 30,070.83 | 28,845.82 | 27,620.85 | 26,395.82 |
| PHP 40,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 40,000.00 | 40,000.00 | 40,000.00 | 40,000.00 | 40,000.00 | 40,000.00 |
| SEMI-MO AMORT | 3,333.33 | 1,666.67 | 1,111.11 | 833.33 | 666.67 | 555.56 |
| NET PROCEEDS | 37,166.67 | 35,766.66 | 34,366.66 | 32,966.68 | 31,566.65 | 30,166.66 |
| PHP 45,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 45,000.00 | 45,000.00 | 45,000.00 | 45,000.00 | 45,000.00 | 45,000.00 |
| SEMI-MO AMORT | 3,750.00 | 1,875.00 | 1,250.00 | 937.50 | 750.00 | 625.00 |
| NET PROCEEDS | 41,812.50 | 40,237.50 | 38,662.50 | 37,087.50 | 35,512.50 | 33,937.50 |
| PHP 50,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 50,000.00 | 50,000.00 | 50,000.00 | 50,000.00 | 50,000.00 | 50,000.00 |
| SEMI-MO AMORT | 4,166.67 | 2,083.33 | 1,388.89 | 1,041.67 | 833.33 | 694.44 |
| NET PROCEEDS | 46,458.33 | 44,708.34 | 42,958.32 | 41,208.32 | 39,458.35 | 37,708.34 |
| PHP 55,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 55,000.00 | 55,000.00 | 55,000.00 | 55,000.00 | 55,000.00 | 55,000.00 |
| SEMI-MO AMORT | 4,583.33 | 2,291.67 | 1,527.78 | 1,145.83 | 916.67 | 763.89 |
| NET PROCEEDS | 51,104.17 | 49,179.16 | 47,254.17 | 45,329.18 | 43,404.14 | 41,479.18 |
| PHP 60,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 60,000.00 | 60,000.00 | 60,000.00 | 60,000.00 | 60,000.00 | 60,000.00 |
| SEMI-MO AMORT | 5,000.00 | 2,500.00 | 1,666.67 | 1,250.00 | 1,000.00 | 833.33 |
| NET PROCEEDS | 55,750.00 | 53,650.00 | 51,549.99 | 49,450.00 | 47,350.00 | 45,250.02 |
| PHP 65,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 65,000.00 | 65,000.00 | 65,000.00 | 65,000.00 | 65,000.00 | 65,000.00 |
| SEMI-MO AMORT | 5,416.67 | 2,708.33 | 1,805.56 | 1,354.17 | 1,083.33 | 902.78 |
| NET PROCEEDS | 60,395.83 | 58,120.84 | 55,845.83 | 53,570.82 | 51,295.85 | 49,020.87 |
| PHP 70,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 70,000.00 | 70,000.00 | 70,000.00 | 70,000.00 | 70,000.00 | 70,000.00 |
| SEMI-MO AMORT | 5,833.33 | 2,916.67 | 1,944.44 | 1,458.33 | 1,166.67 | 972.22 |
| NET PROCEEDS | 65,041.67 | 62,591.66 | 60,141.67 | 57,691.68 | 55,241.65 | 52,791.63 |
| PHP 75,000.00 | ||||||
| 6 MOS | 12 MOS | 18 MOS | 24 MOS | 30 MOS | 36 MOS | |
| GROSS | 75,000.00 | 75,000.00 | 75,000.00 | 75,000.00 | 75,000.00 | 75,000.00 |
| SEMI-MO AMORT | 6,250.00 | 3,125.00 | 2,083.33 | 1,562.50 | 1,250.00 | 1,041.67 |
| NET PROCEEDS | 69,687.50 | 67,062.50 | 64,437.51 | 61,812.50 | 59,187.50 | 56,562.48 |
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| TEAM (Telescoop Economic Assistance Mode) | |||
| Thru the continuous effort of the Telescoop Officerships in reviewing the services to be given to the general membership, this type of loan came into existence. It will help alleviate the financial condition of members thru its maximum payment mode of up to 36 months. Members have the option to combine all their accounts to come up to a lower semi- monthly amortization, with a reasonable net proceeds. | |||
| PHP 100,000.00 | |||
| TERMS | 12 MOS | 24 MOS | 36 MOS |
| GROSS AMOUNT | 106,618.56 | 112,976.16 | 119,571.84 |
| SEMI-MO AMORT | 4,442.44 | 2,353.67 | 1,660.72 |
| NET PROCEEDS | 100,000.00 | 100,000.00 | 100,000.00 |
| Note: Service Charge is payable over a period of 12 months and not included in the gross amount as indicated above. | |||
| TERMS | 24 MOS | ||
| GROSS | 25,000.00 | ||
| NET PROCEEDS | 20,604.00 | ||
| SEMI-MO AMORT | 520.83 | ||
| SCHOOL FINANCIAL LOAN (SFL) | |||
| To serve as the helping hand of parents in sending their children to school, Telescoop launched this loan on the first quarter of 2009 to answer the burdens of parents regarding their children’s tuition fee. This loan amounts to 50,000 payable in 24 months. | |||
| AMOUNT: PHP 50,000.00 | |||
| TERMS | 24 MOS | ||
| NET PROCEEDS | 41,208.00 | ||
| SEMI-MO AMORT | 1041.83 | ||
| SCHOOL SUPPLIES LOAN (SSL) | |||||||
| This loan was offered during mid of 2005 , basically intended for the procurement of school supplies and other needs of school children of members . | |||||||
| AMOUNT: PHP 12,000.00 | |||||||
| TERMS | 12 MOS | ||||||
| NET PROCEEDS | 10,697.50 | ||||||
| SEMI-MO AMORT | 500.00 | ||||||
| FINANCIAL EXPRESS LOAN (FLEX) | |||
| Short term loan of 6,000 payable in three(3) months. | |||
| AMOUNT: PHP 6,000.00 | |||
| TERMS | 3 MOS | ||
| NET PROCEEDS | 6,000.00 | ||
| SEMI-MO AMORT | 1,045.00 | ||
GIFT CHEQUE LOAN (GC)
| DRY GOODS | |||
| AMOUNT: UP TO 4,000.00 | |||
| TERMS | 2 MOS | ||
| SEMI-MO AMORT | 1,000.00 | ||
| GROCERIES | |||
| AMOUNT: UP TO 4,000.00 | |||
| TERMS | 2 MOS | ||
| SEMI-MO AMORT | 1,020.00 | ||
FINANCIAL LOANS
This type of services involves financial /cash loans which specifically designed to assist members in their existing business, finance their school children’s tuition fees, purchase of properties ,invest to a new venture or maybe to address their needs in time of crisis.
FSDL Lite
FSDL JR
FSDL SR
TEAM LOAN
HMPL / MRD LOAN
SCHOOL FINANCIAL LOAN
SCHOOL SUPPLIES LOAN
FINANCIAL EXPRESS LOAN
GIFT CHEQUE LOAN
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