MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE - Growing Social Enterprises, Building Communities

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What MSU-IIT NAtional Multi-Purpose Cooperative can offer you.
Home / Products and Services / Allied Businesses

Allied Businesses
Product Name COOP CARE

Monthly
Premium P100 (KASAPI) P60 (Plus Health), P200 (I-GROUP)

All members in Good Standing can avail the product.

Characteristics Members can avail the benefits after full annual payment of Php 720.00

P600 per day Hospital Income Benefit for primary members and one (1) declared
dependent; maximum of ten (10) days in a year.
Free 3 laboratories (CBC, Urinalysis & Fecalysis) and 3 Consultations in a year (Primary
and Dependents)
Benefits 20% discount in all laboratories at Coop Lab, Iligan City

Product Name COOP ACADEMY

Characteristics Pre-School (Tibanga Tel. No 221-4036)

Grade School
 High School (Hinaplanon Campus Tel. No. 223-7310)

Product Name COOP LIFE ASSURANCE

Shares & Savings Protector

Group Accident Death, Disablement & Dismemberment Indemnity and Funeral Service
Assistance (GADDDI-FUSA)
Loans Protection Plan
Micro-Biz Personal Protector
Personal Protection Plan
Life Insurance Coop Family Plan (CFP)

Home Assurance
Business Protect
Standard Fire Insurance
Motor/Car Insurance
Non-Life Coop Aksi
Insurance Student Group Accidental Insurance Plan (SGAIP)

Housing Cooperative
For inquiries please contact: 223-5874 / 09274826468 (Jomarthy Lerasan)

Facebook: Msu-iit Nmpc HousingCoop

Facebook Page: Msu-iit NMPC Housing Cooperative
Email: msuiithousingcoop@yahoo.com

Housing Cooperative Information

Dolly (Single Detached)

Dolly (2-storey, Single Detached)
Ludy (Duplex / Single Attached)
House Ludy (2-storey, Duplex/Single Detached
Model Judy (Row House)

Features COLLECTIVE OWNERSHIP

-The housing property is collectively-owned by all of its members (R.A. 9520, Article 60).
DECENT AND AFFORDABLE HOUSING UNITS
-Housing Cooperative is 20% less than the regular housing.
-Upon moving to the housing, every unit has complete floor tiles, ceiling, electrical fixtures
and inside paintings with two bedrooms, dining and kitchen, and 1 toilet and bath.
-Secured community with 24/7 hour security.
-It offers the best facility in the area such as parking areas, park and playground.
 DESIGNED AS FLOOD FREE COMMUNITY
-The area is elevated up to 1 meter from the existing concrete road.
-The housing cooperative is surrounded by a retaining wall, designed to restrain soil to
unnatural slopes.
-The housing cooperative will provide adequate early warning of disasters in order provide
decent housing to all the members. Alarm systems will be built for disaster preparedness and
awareness.
UPGRADABLE FROM DUPLEX, SINGLE DETACHED to 2-STOREY HOUSE

Brgy. San Roque, Lambaguhon, Iligan City

Site

Amenities Front gates with guard house

Park and playground
Concrete access road
Cemented sidewalks with street lights
Retaining walls
Perimeter fence
Parking Areas
 Material Recovery Facility
Electrical power supply
Water distribution system
Provision for telephone lines
Commercial Complex

Painted ceiling, walls, and partitions

French windows with glass
Reinforced solid concrete walls
Ceramic floor tiles (living, dining, and bedrooms)
Tiled bathroom with fixtures
House Electrical fixtures
Specification Pre-painted metal roof sheets
s Kitchen with sink

Dolly (Single Detached)

House Model: Dolly (Single Detached)

Average Lot Area 99 sq. m.

Floor Area 31.5 sq. m.

Minimum Subscribe Share Capital 885,000.00

Reservation Fee (Non-refundable) 10,000.00

Advance Contribution 78,500.00

Loanable amount 796,500.00

MONTHLY CONTRIBUTION

30 years to pay (8% interest per annum) 5,844.43

25 years to pay (8% interest per annum) 6,147.52

20 years to pay (8% interest per annum) 6,662.25

15 years to pay (8% interest per annum) 7,611.77

10 years to pay (8% interest per annum) 9,663.74

5 years to pay (8% interest per annum) 16,150.15

Other fees: legal misc., Mutual Redemption Insurance, Fire Insurance, and estate management

Dolly (Single Detached)

House Model: DOLLY (2-storey, Single Detached)

Average Lot Area 99 sq. m.

Floor Area 31.5 sq. m.

Minimum Subscribe Share Capital 1,700,000.00

Reservation Fee (Non-refundable) 10,000.00

Advance Contribution 160,000.00

Loanable amount 1,530,000.00

MONTHLY CONTRIBUTION
30 years to pay (8% interest per annum) 11,226.60

25 years to pay (8% interest per annum) 11,808.79

20 years to pay (8% interest per annum) 12,797.53

15 years to pay (8% interest per annum) 14,621.48

10 years to pay (8% interest per annum) 18,563.12

5 years to pay (8% interest per annum) 31,022.88

Other fees: legal misc., Mutual Redemption Insurance, Fire Insurance, and estate management

Ludy (Single Attached/Duplex)

House Model: LUDY (Single Attached/Duplex)

Average Lot Area 71.5 sq. m.

Floor Area 31.5 sq. m.

Minimum Subscribe Share Capital 755,000.00

Reservation Fee (Non-refundable) 10,000.00

Advance Contribution 65,500.00

Loanable amount 679,500.00

MONTHLY CONTRIBUTION

30 years to pay (8% interest per annum) 4,985.93

25 years to pay (8% interest per annum) 5,244.49

20 years to pay (8% interest per annum) 5,683.61

15 years to pay (8% interest per annum) 6,493.66

10 years to pay (8% interest per annum) 8,244.21

5 years to pay (8% interest per annum) 13,777.81

Other fees: legal misc., Mutual Redemption Insurance, Fire Insurance, and estate management

Ludy (2-storey, Duplex/Single Attached)

House Model: Ludy (2-storey, Duplex/Single Attached)

Average Lot Area 71.5 sq.m.

Floor Area 31.5 sq. m.

Minimum Subscribe Share Capital 1,570,000.00

Reservation Fee (Non-refundable) 10,000.00

Advance Contribution 147,000.00

Loanable amount 1,413,000.00

MONTHLY CONTRIBUTION
30 years to pay (8% interest per annum) 10,368.09

25 years to pay (8% interest per annum) 10,905.76

20 years to pay (8% interest per annum) 11,818.90

15 years to pay (8% interest per annum) 13,503.36

10 years to pay (8% interest per annum) 17,143.59

5 years to pay (8% interest per annum) 28,650.55

Other fees: legal misc., Mutual Redemption Insurance, Fire Insurance, and estate management

Judy (Row House)

House Model: Judy (Row House)

Average Lot Area 50 sq.m

Floor Area 31.5 sq.m.

Minimum Subscribe Share Capital 625,000.00

Reservation Fee (Non-refundable) 10,000.00

Advance Contribution 52,500.00

Loanable amount 562,500.00

MONTHLY CONTRIBUTION

30 years to pay (8% interest per annum) 4,127.43

25 years to pay (8% interest per annum) 4,341.47

20 years to pay (8% interest per annum) 4,704.98

15 years to pay (8% interest per annum) 5,375.54

10 years to pay (8% interest per annum) 6,824.68

5 years to pay (8% interest per annum) 11,405.47

Other fees: legal misc., Mutual Redemption Insurance, Fire Insurance, and estate management

Note: Interest rate is subject to changes based on bank rates.

For inquiries please contact: 223-5874 / 09274826468 (Jomarthy Lerasan)

Facebook: Msu-iit Nmpc HousingCoop
Facebook Page: Msu-iit NMPC Housing Cooperative
Email: msuiithousingcoop@yahoo.com
Qualifications:
1. MSU-IIT NMPC Member for at least two (2) years
2. Member In Good Standing (MIGS)
Preliminary Requirements:
1. 1pc. 2x2 picture
2. TIN
3. Residence Certificate
4. Marriage Contract
5. Pay Slip/Any proof of income
6. Photocopy of any government/valid ID

MSU-IIT NATIONAL MULTI-PURPOSE COOPERATIVE