Credit Cash Wallet Advisory

The CFI Credit Cash Wallet is a revolving credit line available exclusively for CFI members. It is a virtual credit card that a member can access through his CFI wallet account created for him once he is signed up for the CFI E-Services.

Here are the major features :

1. The obligation to pay applies only to amounts actually drawn from the credit line.
2. Any amount drawn from the credit line is payable in 24 equal installments at the rate of 16% per annum computed from the last drawdown
3. Amounts paid over the monthly installment amount will be treated as payment on the principal and will restore the credit line up to such amount advanced.
4. Any subsequent drawdowns from the credit line will result in the renewal of the previous drawdowns so that its repayment period will start from the latest drawdown
5. A service fee of 2 % is applied only to the amount actually drawn at the time of availment.

As a general rule, Any member who is not in default of any of his obligations with CFI is qualified to participate in the program.

Unless a member qualifies for an automatic grant of credit line as mentioned below, a member may apply for a credit line online through the CFI E-Services.

The following members will automatically be given a credit line in their Credit Cash Wallet if any of the conditions are met:

1. Members with existing share Capital or Time deposits with CFI in amounts of more than P50,000.00
2. Members with ATM loans with CFI.
3. Members whose  agencies have existing MOAs with CFI

Please note that credit line limits will vary depending on the amount of share capital, time deposits or loans.

Installment payment will start on the 8th day of the month following the last drawdown and every month thereafter.

e-Services Advisory

All CFI members are required to register their mobile numbers in order to use CFI e-Services and be able to apply for loans and withdraw deposits. Go to our website and click e-Services.

If you have problems registering, use the Help Desk at our website at www.cficoop.com or dial 255-25-25 to schedule a CFI Personnel to guide you through the process.

Help Desk Advisory

In order to prevent unauthorized use, the member using the Help Desk must enter his First name, Last name, and date of birth as registered in the CFI database.

Any mismatched entry will cause the message to be rejected by the system. So, please ensure that the mentioned personal details entered in the Help Desk system are the same as those provided by the member for registration to the CFI.

The CFI Help desk can be accessed in this page

The most uniques feature of the CFI Help desk is its ability to inform the member through text or email messages the action done on his case or concern.

The member can also track the status of his case by logging in the ticket number assigned ticket in the track facility provided for in the Help desk.