Loan Services

Regular Loan

This is Magcoop’s all-purpose loan. Members – crew, allottees and employees - can borrow up to Php 300,000 at 1% interest per month. Maximum period of payment is 24 months. Members earn a patronage refund when availing of a
Regular Loan.

Educational Loan

This is a no interest loan to help you with your child’s tuition or other school requirements. Payable in 4 months, members can borrow a maximum of Php 20,000.

Personal Loan

Magsaysay employees can now borrow up to Php 300,000 for personal needs such as appliances purchase, debt consolidation, travel expenses, home improvement and health and wellness.

Tipping Position Loan

With a maximum processing time of three days and an interest rate of 1.75% /month only, Magsaysay crew members with at least one finished contract can now borrow up to
Php 100,000

Emergency Loan

MAGCOOP helps you recover from unexpected emergency situations like hospitalization, natural and man-made calamities or burial of immediate relatives. You can borrow a maximum of
Php 50,000

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