THOMASIAN

MULTI-PURPOSE
EMPLOYEES COOPERATIVE
 1.
PROFILE
 EPF
Quick Employees
Provident
Facts! Fund
◦ Multipurpose
-informal savings and
cooperative
credit association
◦ April 25,2006
PROFILE ◦ 25 million
authorized -additional retirement
share capital plan
UST non-academic
employees
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 EPF ₱60,000,000
Employees -it was time to separate it
Provident from the University
Fund

MAIN PURPOSE:

PROFILE “spread its wings and soar even higher”

-engage in other kinds of businesses

-improving its growth potentials
-better serve the needs of its members
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 ● Full support from the university
● Aim:
-Employees to help themselves
OTHER -Augment their income
-Encourage savings
INFORMA -Organization they can run to
TION:
500
members
165
members

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 ₱150,000,000
OTHER Authorized Capital

INFORMA
TION:

700
Regular and associate members

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 2.
SERVICES
 **Regular Cash Loan available to all thomec
members
**Interest per annum:
12% diminishing for less than Php 200,000
14% diminishing for more than Php 200,000

Maximum Period of Amount

Payment
1. Thomec loan
1 year Php 10,000 to Php 30,000

2 years Php 30,001 to Ph 70,000

3 years Php 70,001 to Php 100,000

4 years Php 100,001 to Php 200,000

5 years Php 200,000 and up

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Service Fees and Capital Build-up (CBU) are applicable only to THOMEC LOAN
**Service Fees:
Php 20,000 and below Php 100.00
Php 20,001 to 50,000 Php 250.00
Php 50,001 to 100,000 Php 400.00
Php 100,001 to 300,000 Php 500.00
Php 300,001 to 400,000 Php 600.00
Php 400,001 to 500,000 Php 700.00
Php 500,001 and up Php 800.00
**Capital Bulid-Up for loan Php 50,000 and up is 1% of loanable amount or Php 1,000,
whichever is higher shall be added to the paid up shares of the borrower.

Note: ALWAYS BRING YOUR 1 MONTH LATEST PAYSLIP FOR FILING OF

APPLICATION.
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 **Easy Cash Loan that can be released within the day
of application.
**Cut off time for filing the TEC application forms:
Before 10:00 AM and on or before 2:00 PM
2. ThoMEC
Express ***Php 8,000.00 payable in 4 months (Php 1,080
deduction per payday)
Cash Loan ***Php 6,000.00 payable in 3 months (Php 1,060

(TEC) deduction
per payday)
**(with an interest 2% per month)**

Note: ALWAYS BRING YOUR 1 MONTH LATEST PAYSLIP

FOR FILING OF APPLICATION. 10
 *Thomec also offers Appliance, Furniture, Motorcycle
etc. in partnership with Abenson Ventures Inc.
*The maximum period of payment for Appliance Loan is
3 years with 10% interest per annum
Period of payment Amount

3 months or 6 semi-monthly Php 2,000 – Php 3,000

6 months or 12 semi-monthly Php 3,001 – Php 6,000

3. Appliance loan
9 months or 18 semi-monthly Php 6,001 – Php 9,000

1 year or 24 semi-monthly Php 9,001 – Php 20,000

2 years Php 20,001 – Php 30,000

3 years Php 30,001 and up

Note: ALWAYS BRING YOUR 1 MONTH LATEST PAYSLIP 11

FOR FILING OF APPLICATION.
 **Laptop, Desktop and Mobile phones are available in
Thomec in partnership with Microsmith.
4. **The maximum period of payment for
Laptop/Computer Laptop/Computer Loan is 2 years with 10% interest per
loan annum

Note: ALWAYS BRING YOUR 1 MONTH LATEST PAYSLIP

FOR FILING OF APPLICATION.

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 **Educational Loan is available to all thomec members
that can be used for tuition, qualifying school fees,
and other specific education-related costs
**P30,000.00 will be granted to qualified members.
**Filing of Educational Loan is during March for 1st
Semester and September for 2nd Semester

5. Educational **Educational Loan is payable in 1 year with 10%

loan interest/annum.
**Deduction per payday: Php 1,375
(Deduction shall begin the next pay day following the
release)

Note: ALWAYS BRING YOUR 1 MONTH LATEST PAYSLIP

FOR FILING OF APPLICATION. 13
 **Calamity Loan is available after any calamity.
**Submit a personal letter to file an application.
**P20,000.00 will be granted to qualified members.
**Calamity Loan is payable in 1 year with an interest
of
6% per annum
6. Calamity loan
(Deduction shall begin the next pay day following the
release)

Note: ALWAYS BRING YOUR 1 MONTH LATEST

PAYSLIP
FOR FILING OF APPLICATION.

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 **Thomec offers Travel Loan to cover your travel
allowances/expenses with the quotation from
accredited travel agency.

7. Travel loan
Note: ALWAYS BRING YOUR 1 MONTH LATEST
PAYSLIP FOR FILING OF APPLICATION.

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 Guidelines for Car Loan
1. Applicant fills out an application form
2. The applicant must be a Thomec member and a
tenured employee in the University and must
not be more than 60 years old at the time of
application. An applicant who is more than 60
years old shall be subject to a shorter
amortization period.

8. Car loan 3. The member applicant must have at least 100

paid up shares
4. The member with less than 10 years in service
must have a co-maker who is also a member of
ThoMEC with ten years of service.
5. The maximum loanable amount shall be based
on the price of the car but not to exceed Php
One Million Five Hundred Thousand (Php 1, 500,
00.00). The car loan can be availed of only from
ThoMEC accredited car dealer. Loan will be
released and paid directly to the car dealer. 16
 Guidelines for Car Loan(cont.)
6. The three (3) years LTO and the first year comprehensive insurance shall be included
in
the car dealer’s price quotation and shall be for the account of the
applicant/borrower. The aforementioned may be considered part of the loan provided
it does not exceed the total loanable amount of Php 1.5M. Succeeding comprehensive
insurance shall be required which shall be for the account of and may be arranged by
the member/borrower. However, the member/borrower shall advise ThoMEC that
he/she shall secure his/her comprehensive insurance at least one month prior to the
expiration of the previous year’s insurance. Otherwise, the borrower authorizes
ThoMEC to get comprehensive insurance in his/her behalf and chargeable to his/her
account.
7. The member applicant shall be required to sign a Promissory note with Chattel
mortgage agreement. Any expenses to be incurred in the said area shall be for the
account of the member-borrower. In lieu of a chattel mortgage fee, the borrower shall
be required to secure a “Loan protection program” (LPP or Credit life) from ThoMEC
every year until the loan is fully paid. The premium for the LPP shall be based initially
on the amount of loan and from the loan balance every year thereafter until loan is
fully
paid. 17
 Guidelines for Car Loan(cont.)
8. The applicant must still meet other qualification requirement such as capacity
to pay and minimum net pay. Member must submit his/her latest 3 pay slips.

9. The Original copies of the LTO Official Receipt (OR) and the Certificate of
Registration (CR) of the acquired vehicle shall be kept by ThoMEC and will be
released upon full payment of the loan. The succeeding registration of the
vehicle shall be for the account of the member-borrower.
10. The member applicant may choose payment terms from 12 to 60 monthly
amortization or 24 to 120 semi-monthly amortization which shall be paid through
auto-debit and/or Post dated checks (PDCs)
11. The interest rate for the loan shall be given to the applicant.
12. Normal or standard discounts offered by the dealer shall be enjoyed by the
member/borrower. This loan is available only for brand new cars.

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 Guidelines for Housing Loan
1. Fill out an application form
2. The applicant must be a ThoMEC member and a tenured
employee with at least 10 years in service and must not
be more than fifty five (55) years old at the time of
application.
3. An applicant, who is more than 55 years old, but not
beyond 60 years of age, is subject to a shorter
amortization period.

9. Housing loan 4. The member applicant must have at least 250 paid up
shares.
5. The member applicant can avail of loan of up to 85% of
the value of the land or property and from 1M to maximum
of 4M, subject to the borrower’s paying capacity. There
will be no offsetting of other loans.
6. The term of payment shall be from 1 year to a maximum of
10 years but subject to the evaluation and recommendation
of the Credit Committee. Payment terms shall be from 12
months (1 year) to 120 months (10 years) on either
semi-monthly or monthly payment through SBC auto-debit
and/or equivalent number of PDCs issued to ThoMEC.
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 Guidelines for Housing Loan(cont.)
7. The member applicant must surrender the original TCT plus Deed of absolute sale or
Contract to sell and other forms of Collateral and/or pertinent documents as
required. The member must pay religiously the real estate tax and submit a copy of
the receipt to ThoMEC. In case the Collateral should diminish in value, be destroyed
or
deteriorate in a considerable amount for any cause, even by the force majeure,
ThoMEC shall have the option to require the BORROWER/MORTGAGOR to
immediately
give additional collateral security acceptable to ThoMEC.
8. The applicant must sign a Real Estate Mortgage (REM) with ThoMEC as Mortgagee.
Any cost in this regard shall be for the account of the member-borrower. In addition,
the applicant shall be required to get a “Loan protection Insurance” (LPI) from
ThoMEC which shall be equivalent to the amount of his/her loan and yearly
remaining
balance until loan is fully paid.
9. The interest rate for the loan shall be indicated in the “Disclosure Statement”. (The
interest rate per annum is an average of 5.6% per annum for five years). After five
years, the interest rate shall be subject to repricing,which may increase or decrease
based on the credit line with partner bank. Missed or delayed amortization payment 20
 Guidelines for Housing Loan(cont.)

10. The property shall be covered by a Fire insurance which shall be for the
account of the member-borrower.

11. Any other expenses related to housing loan application such as but not limited
to assessor’s fee shall be for the account of the member-borrower.

12. An approved application shall be charged a processing fee of Php 2,000.00.

13. The Housing loan approval shall be subject to evaluation based on credit
policy and other factors.
14. The credit committee’s evaluation is recommendatory. Final approval is with
the BOD. ThoMEC reserves the right to request additional documents to
facilitate loan evaluation process.

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Purpose
- Purchase of lot, house & lot, condominium
unit or townhouse
- Takeout (payout) of existing housing loan
- Renovation of existing home
- House construction
Housing loan features
- Minimum loan amount - P1,000,000
- Maximum loan amount - P4,000,000
subject to borrower’s paying capacity
- Interest rate - shall be disclosed to the
member-borrower
- Payment terms - equal monthly
amortization representing principal and
interest
Member Application Requirements
- Accomplished application form
- Last 3 paydays pay slips
- Photocopies of TCT, Deed of Absolute sale,
Contract to sell, Tax receipt for real estate
tax, Tax clearance
- Location plan/vicinity map of property
- Building plans/Bill of materials (for
construction)
- Statement of account (for takeout or payout
of existing loan)
For spouse of member requirements
- Certificate of employment and
compensation
- Government issued ID
- TIN
- Copy of last 2 years ITR
- If self-employed or with own business, latest 2
years FS, Business Registration/Permits,
company profile, property documents, bank
statements for 6 months
 Thomec offers Bicycle Loan in partnership with Global Craze Bike.

Follow these steps to avail of the loan:

1. Get quotation at Global Craze Bike (626 Quezon Blvd., Quiapo
Manila, look for Ms. Tin Tin)
2. Fill out Loan Application Form (can be downloaded at Members'
Area or at ThoMEC Office)
3. Submit Application Form together with the quotation at ThoMEC
Office.
The maximum period of payment for Bike Loan is 3 years with 10%
interest per annum.

Period of payment Amount

10. Bike loan 3 months or 6 semi-monthly Php 2,000 – Php 3,000

6 months or 12 semi-monthly Php 3,001 – Php 6,000

9 months or 18 semi-monthly Php 6,001 – Php 9,000

1 year or 24 semi-monthly Php 9,001 – Php 20,000

2 years Php 20,001 – Php 30,000

3 years Php 30,001 and up

Note: ALWAYS BRING YOUR 1 MONTH LATEST PAYSLIP WHEN FILING

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YOUR APPLICATION.
 SAVINGS ACCOUNT GUIDELINES
Savings
The Cooperative is authorized to accept deposits from the members
to increase its revolving capital and to inculcate in them savings
consciousness. ThoMEC also allows students from the UST Junior
High School to open a savings account to help them out to comply
with their school requirements while helping them realize the

11.
importance of saving
for the future.

Savings account Regular Savings Deposit

Savings Deposit – a type of savings that require an initial deposit of
One Hundred Pesos (P100.00), with a minimum maintaining balance of
One Hundred Pesos (P100.00) per month. This account shall earn an
interest
rate of 1.5% per annum which shall be credited/deposited
automatically to the depositor’s account and can be withdrawn at
anytime.

Withdrawals
The amount of cash withdrawal per transaction from regular savings
deposit is up to a maximum of P40,000.00 per working day. 24
Savings for Special Purposes
Savings intended for special purposes such as, but not limited to, Marriage,
Birthdays, travels or any activities predetermined for the future. A minimum initial
deposit of One Thousand Pesos (P1,000.00) shall be required upon application .
Savings deposit for special purposes are covered by the following guidelines, to
wit:
1. For Special Occasions (SSP-SO)
1. Earn an interest of 2% per annum
2. For the purpose of
i. Wedding
ii. Baptismal/Christening
iii. Anniversary
a. Withdrawable at least a month before the occasion
b. For pre-termination, interest rate will be 1.5% per annum
c. Minimum holding period of six (6) months
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2. For Education (SSP-Ed)
1. Earn an interest of 3% per annum
2. For the purpose of earning a degree leading to
i. Elementary
ii. High School
iii. College
iv. or Post Graduate Studies
a. For pre-termination, interest will be 1.5% per annum

b. Holding period of one (1) year

3. For Car or House acquisition (SSP-CHa)

a. With an interest earnings of 3% per annum
1. For acquiring a Car or building a House or renovation
2. Withdrawable at least a month before acquiring a property
3. For pre-termination, interest will be 1.5% per annum
4. Holding period of one (1) year

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4. For Retirement (Optional/Mandatory(SSP-ReOM)
1. With an interest earnings of of 4% per annum
2. In preparation for Optional or Mandatory Retirement
3. Withdrawable at least a month before retiring, subject to the presentation of
approved retirement
4. For pre-termination, interest will be 1.5% per annum
5. Holding period of five (5) years

5. For Emergency purposes (SSP-Em)

1. With an interest earnings of 3% per annum
2. In cases of emergency, subject to presentation of supporting documents.
3. Withdrawable at any time

General guidelines on Savings for Special Purposes:

a) Savings deposit can be accumulated thru auto-debit transactions

b) May be used as additional security for ThoMEC loans
c) Minimum deductions if coursed thru auto debit scheme will be P250.00/ per payday.
d) Lost passbook shall be charged P50.00.

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 TERM SAVING/TIME DEPOSIT GUIDELINES
Description
Term savings or time deposit accounts is an account which requires
funds to be locked-in for a specific period of time at a pre-agreed
rate, fixed for the entire period of the contract. As a form of claim, the
account holder shall be issued a Certificate of Time Deposit (CTD).

Minimum amount of Deposit

The minimum amount of deposit shall not be lower than P10,000.00.
12. Time deposit Interest Rate
account The interest rate varies depending on the amount of deposit. The
interest earning can either be added to the original amount of deposit
or the depositor can opt to claim the interest equivalent in cash.

Documentation
The depositor shall be issued a Certificate of Time Deposit for every
placement made. The CTD shall be used to record interests earned
and the roll-over of the account.

A new CTD shall be issued to the depositor in case of partial withdrawal

and any adjustments made on transactions shall be made at the end
of the term.
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 TERM SAVING/TIME DEPOSIT GUIDELINES(cont.)
How to Make Deposits
The member-depositor shall personally make his/her placement with ThoMEC where
he/she shall be issued with an official receipt.

Withdrawals
Any placement made is not subject to withdrawal unless the depositor decides to
pre-terminate his/her account. Upon maturity, the depositor shall receive the principal
amount plus the corresponding interest earnings upon presentation of the CTD, if not
rolled over.

Pre-termination
Term deposit can be pre-terminated before the maturity date. Interest rate on the
pre-terminated account shall be the same as that of the regular savings deposit at 1.5%.
There shall be no partial pre-termination. The cooperative reserves the right to require a
written advance notice of at least fifteen (15) days.

Automatic Roll Over

Term deposits not withdrawn on its maturity date shall automatically be rolled over
unless advice is given.

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Terms and Interest Rates

INTEREST RATES ON PER ANNUM BASIS

AMOUNT OF PLACEMENT 30 DAYS 60 DAYS 90 DAYS 180 DAYS 365 DAYS

10,000.00 TO LESS THAN 50,000.00 2.00 2.25 2.50 2.75 3.00

50,000.00 TO LESS THAN 100,000.00 2.25 2.50 2.75 3.00 3.25

100,000.00 TO LESS THAN 300,000.00 2.50 2.75 3.00 3.25 3.50

300,000.00 TO LESSTHAN 500,000.00 2.75 3.00 3.25 3.50 3.75

500,000.00 TO LESS THAN 1,000,000.00 3.00 3.25 3.50 3.75 4.00

1,000,000.00AND ABOVE 3.25 3.50 3.75 4.00 5.00

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THANK YOU!

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