Cebu CFI Coop Loan Restructuring Program News & Articles
Are you unable to make a one-time payment for your suspended account? Don’t worry. We got you!
We understand that the pandemic has brought about financial challenges to all of us. And as your Coop of First Instance, CFI is always ready to lend a helping hand to its members.
In our efforts to relieve our members of their defaulted obligations, the Coop is offering the Loan Restructuring Program for those members whose accounts are suspended.
The program is under the following terms and conditions:
All accumulated penalties will be waived.
The unpaid principal and accumulated interests will be payable in 60 equal monthly installments at an interest rate of 12% per annum.
Member’s suspension from enjoying loan privileges and other services will resume after payment of 30% of the principal balance.
To apply, just go to www.cficoop.com, click ‘Forms’, download, and fill in the Loan Restructuring Application Form, then submit it to our office for the evaluation and initial computation. Our MRO Personnel will be there to walk you through the process.
Want to know more about our services? Visit our website at www.cficoop.com and follow our social media accounts on Instagram @cebucficoop.ph, Twitter @CebuCFICoopPH, and our Youtube Channel at CFI COOP.