13th Month Pay

A type of loan that is designed for all employed members both private and government.

Loan Requirements

  • THE MEMBER-BORROWER MUST HAVE NO DELINQUENT ACCOUNTS
  • Photocopies of Payroll (duly authenticated by Administrative Officer)
  • Pay Slip / Certification of Net Take Home Pay (certified by AO)
  • Original Certification of Net Take Home Pay
  • One (1) Witness

Charges

  • Notarial (PhP 125.00)
  • Service Fee (2%)
  • Insurance- [{amount of loan ÷ 1000 x number of months x special rate provided by climbs} - less rebates, if there is any]
Bounty Loan

Bounty loan is a bonus loan offered to regular government employees with Mid-year plus Year-End Bonus as their security of payment with a term of up to twelve (12) months.

Loan Requirements

  • The member-borrower must have no delinquent account
  • Photocopies of Payroll (duly authenticated by Administrative Officer)
  • Pay Slip / Certification of Net Take Home Pay (certified by AO)
  • Original Certification of Net Take Home Pay by CAO
  • One (1) Witness
  • One (1) Co-maker

Renewal Policy

  • Renewable after 6 months provided payments is updated.

Charges

  • Interest: Lumpsum interest
  • Service Charge: 2% of the loaned amount
  • Notarial Fee (PhP 125.00)
  • Insurance: GLAFI/AKSI
  • Loan Insurance:[{AMOUNT OF LOAN ÷ 1000 X NUMBER OF MONTHS X SPECIAL RATE PROVIDED BY CLIMBS} - LESS REBATES IF ANY]
Maxi Bonus Loan

Maxi loan is a bonus loan offered to regular government employees with Mid-year plus Year-End Bonus as their security of payment with a term of up to five years.

Loan Requirements

  • The member-borrower must have no delinquent account
  • Photocopies of Payroll (duly authenticated by Administrative Officer)
  • Pay Slip / Certification of Net Take Home Pay (certified by AO)
  • Original Certification of Net Take Home Pay by CAO
  • One (1) Witness
  • One (1) Co-maker

Renewal Policy

  • Renewable after 2 years provided payments is updated.

Charges

  • Interest: Lumpsum interest
  • Service Charge: 2% of the loaned amount
  • Notarial Fee (PhP 125.00)
  • Insurance: GLAFI/AKSI
  • Loan Insurance:[{AMOUNT OF LOAN ÷ 1000 X NUMBER OF MONTHS X SPECIAL RATE PROVIDED BY CLIMBS} - LESS REBATES IF ANY]
Mid-Year Bonus Loan

Mid year is a bonus loan offered to regular government employees with Mid-year as their security of payment with a term of up to six (6) months.

Loan Requirements

  • The member-borrower must have no delinquent account
  • Photocopies of Payroll (duly authenticated by Administrative Officer)
  • Pay Slip / Certification of Net Take Home Pay (certified by AO)
  • Original Certification of Net Take Home Pay by CAO
  • One (1) Witness
  • One (1) Co-maker

Renewal Policy

  • Non- Renewable

Charges

  • Interest: Lumpsum interest
  • Service Charge: 2% of the loaned amount
  • Notarial Fee (PhP 125.00)
  • Insurance: GLAFI/AKSI
  • Loan Insurance:[{AMOUNT OF LOAN ÷ 1000 X NUMBER OF MONTHS X SPECIAL RATE PROVIDED BY CLIMBS} - LESS REBATES IF ANY]
Year-End Bonus Loan

Year-End is a bonus loan offered to government employees with Year-end as their security of payment with a term of up to six (6) months.

Loan Requirements

  • The member-borrower must have no delinquent account
  • Photocopies of Payroll (duly authenticated by Administrative Officer)
  • Pay Slip / Certification of Net Take Home Pay (certified by AO)
  • Original Certification of Net Take Home Pay by CAO
  • One (1) Witness
  • One (1) Co-maker

Renewal Policy

  • Non- Renewable

Charges

  • Interest: Lumpsum interest
  • Service Charge: 2% of the loaned amount
  • Notarial Fee (PhP 125.00)
  • Insurance: GLAFI/AKSI
  • Loan Insurance:[{AMOUNT OF LOAN ÷ 1000 X NUMBER OF MONTHS X SPECIAL RATE PROVIDED BY CLIMBS} - LESS REBATES IF ANY]