Cebu CFI Coop Loan Restructuring Program News & Articles
When your loan accounts or any of its monthly installment obligation is not paid within a period of 181 days from its due date, will be considered in default.
The consequences of default are serious and extensive, but even if you’re experiencing financial hardship, there are ways to overcome defaulting through Cebu CFI Coop’s Loan Restructuring Program.
The said program will give relief to members who want to update their accounts with CFI but do not have the capacity to make a one-time payment of their defaulted obligations, and will spare the member from the grave consequences of having a loan in default.
The program will be under the following terms and conditions:
a. All accumulated penalties will be waived.
b. The unpaid principal and accumulated interests will be payable in 60 equal monthly installments at an interest rate of 12% per annum. No down payment will be required.
c. Member’s suspension from enjoying loan privileges and other services will resume after payment of 30% of the principal balance
Interested members may visit our office for further details and/or clarifications. You may get the form online by visiting www.cficoop.com and submit it to any Cebu CFI Coop Branch/ Satellite office.
For other concerns, you can send us a message at our Help Desk in your e-Services account or call us at 032-255-25-25.
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Download the CFI Coop application at https://bit.ly/3kGgCvS