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Serving Southern Leyte

Your Community.
Your Cooperative.
Your Future.

Southern Leyte Cooperative offers affordable loans, savings programs, and insurance β€” built for every Filipino in Southern Leyte.

2%
Monthly Rate
100%
Transparent
4
Loan Types
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Business Loan
Up to β‚±150,000 Β· Max 60 months
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Educational Loan
Up to β‚±50,000 Β· Max 36 months
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Salary Loan
Up to β‚±30,000 Β· Max 24 months
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Loan Insurance
β‚±1,235/year Β· Included with all loans

Know Exactly What
You Will Receive & Pay

Enter your desired loan amount and see the full breakdown β€” deductions, amount you receive, and payment schedules β€” before you apply.

Loan Deductions Breakdown
Your Payment Schedule β€” Diminishing Annuity
Equal payments every period for the entire loan term. Easy to budget β€” you always know exactly how much to pay.
Same amount every payment period
Payment FrequencyAmount Per PaymentPayments Per Year

* Computations are based on 2% monthly interest rate. Deductions (service fee, insurance, share capital) are taken from the loan proceeds upfront. You repay the full loan principal plus interest. This calculator is for reference only β€” actual figures may vary slightly. Please consult our office for your official loan schedule.

Are You Eligible for a Loan?

Answer 3 quick questions and find out if you qualify for a loan with Southern Leyte Cooperative before you even apply. This takes less than 30 seconds.

1
You must be a registered member of the cooperative or willing to become one.
2
You must have a stable source of income β€” employment, business, or farming.
3
You must have at least 2 co-makers who are also cooperative members or residents of Southern Leyte.
4
You must not have any existing unpaid overdue loans with the cooperative.

Quick Eligibility Check

Answer honestly for accurate results

Built by the Community,
For the Community

Southern Leyte Cooperative is a member-owned financial cooperative serving the people of Southern Leyte. We believe every Filipino deserves access to affordable financial services β€” regardless of income level or background.

Our cooperative was founded on the principle that when people work together, everyone benefits. Every peso you deposit strengthens our community. Every loan we give helps a family grow.

Integrity

Transparent and honest in all transactions

Community

Every member matters. Every peso counts.

Accessibility

Financial services within everyone's reach

Growth

We grow when our members grow

Why Choose Southern Leyte Cooperative?

We are not a bank. We are your neighbors, your community. When you borrow from us, the interest goes back to benefit all members.

Low 2% monthly diminishing interest rate
No hidden fees β€” all deductions shown upfront
Flexible payments: daily, weekly, twice a month, or monthly
Loan insurance β‚±1,235/year β€” your family is protected
Fast loan processing β€” apply online in minutes
Collector visits you β€” no need to travel far
100% Filipino, 100% community-owned cooperative

Loans Designed for
Real Filipino Needs

All loans use diminishing interest at 2% per month. Deductions: 2% service fee + β‚±1,235 insurance/year + 5% share capital.

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Business Loan

Fund your sari-sari store, farming, fishing, or any livelihood project. Perfect for growing your small business.

2% / month Β· Diminishing
Maximum amount: β‚±150,000 Β· Max term: 60 months (5 years)
Basic Requirements
  • 2 valid government IDs
  • Proof of business or livelihood
  • 2 co-makers with valid IDs
  • Barangay certificate
  • Completed application form
Additional documents may be required depending on loan amount and type. Our team will inform you after reviewing your application.
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Educational Loan

For tuition, school supplies, uniforms, and board. Invest in your children's education without financial stress.

2% / month Β· Diminishing
Maximum amount: β‚±50,000 Β· Max term: 36 months (3 years)
Basic Requirements
  • 2 valid government IDs
  • School enrollment form or registration
  • 2 co-makers with valid IDs
  • Barangay certificate
  • Completed application form
Additional documents may be required depending on loan amount. Our team will guide you through the process.
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Salary Loan

For employed members who need quick access to funds. Repayments are aligned with your salary schedule.

2% / month Β· Diminishing
Maximum amount: β‚±30,000 Β· Max term: 24 months (2 years)
Basic Requirements
  • 2 valid government IDs
  • Latest payslip (1–3 months)
  • Certificate of employment
  • 2 co-makers with valid IDs
  • Completed application form
Additional documents may be required. Your collector will inform you if anything else is needed.
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Loan Insurance

Every loan member is automatically covered. If you pass away or become permanently disabled, your remaining loan balance is waived β€” protecting your family.

β‚±1,235 per year Β· Auto-included
Coverage Includes
  • Full loan balance waiver upon death
  • Permanent disability coverage
  • Accidental death benefit
  • No separate application needed
Insurance is charged annually. A 1-year premium of β‚±1,235 is deducted upfront from your loan proceeds every year of your loan term.

Apply in 4 Simple Steps

No need to travel to the office just to apply. Do it online from your phone.

1

Compute First

Use our loan calculator above to see exactly how much you will receive and pay.

2

Fill the Form

Complete the online application below with your personal and loan information.

3

We Review

Our team reviews your application within 1–2 business days and contacts you via SMS.

4

Receive Funds

Once approved, your collector visits you or you may claim at our office. Your choice.

Frequently Asked Questions

Everything you need to know before applying. Still have questions? Contact us directly.

How much will I actually receive after deductions?
You will receive the loan amount minus: (1) Service fee of 2% of the loan amount, (2) Insurance of β‚±1,235 per year, and (3) Share capital of 5% of the loan amount. Use our Loan Calculator above to see the exact amount you will receive before applying.
What is the difference between the two payment methods?
Diminishing Annuity means you pay the same amount every period β€” easy to budget. Diminishing Balance means your payment decreases every period as your balance goes down β€” you pay less total interest overall. You can choose whichever method suits you better. Use the calculator to compare them side by side.
Can I pay earlier than my scheduled term?
Yes! Early payment is allowed and even encouraged. Since we use diminishing interest, paying early means you pay less interest overall. There are no penalties for early payment. Just inform your assigned collector or visit our office.
What happens if I miss a payment?
A missed payment may incur a penalty charge. We encourage members to inform their collector in advance if they are having difficulty paying on time. We are willing to discuss restructuring options for members facing genuine financial hardship.
What happens to my loan if I pass away?
Your loan is fully covered by the cooperative's insurance program. If a borrower passes away or becomes permanently disabled, the remaining loan balance is automatically waived. Your family will not be required to pay the remaining balance. This is why the insurance fee is charged β€” it protects your loved ones.
Can I apply for another loan while paying my current one?
It depends on your current balance and payment history. Members with a good payment record may be eligible for a second loan or a loan top-up. Please visit our office or contact your assigned collector for evaluation. Approval is subject to the cooperative's lending policy.
Why do I need 2 co-makers?
Co-makers serve as guarantors for your loan. If you are unable to pay, the co-makers are responsible for the remaining balance. Having 2 co-makers gives the cooperative added assurance and helps you get approved faster. Co-makers must have valid IDs and ideally be members of the cooperative or residents of Southern Leyte.
How long does loan approval take?
Most loan applications are reviewed within 1–2 business days. You will receive an SMS notification once your application has been processed. For larger loan amounts or incomplete requirements, processing may take a few more days. Submitting complete requirements speeds up the process significantly.

Ready to Apply?
It Takes 3 Minutes.

Fill out the form and our team will contact you within 1–2 business days. No need to visit the office just to apply β€” do it from your phone.

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100% free β€” no application processing fee
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Your information is kept private and secure
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We will SMS or call you within 1–2 business days
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Low 2% monthly diminishing interest β€” no hidden charges
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Flexible payments: daily, weekly, twice a month, monthly
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Use the Loan Calculator above to know your exact payment before applying

Loan Application Form

Southern Leyte Cooperative Β· All fields are required

Are you an existing member?
πŸ‘€
New Applicant
First time applying
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Existing Member
Re-loan application
βœ…

Application Submitted!

Our team will contact you within 1–2 business days via SMS or phone call.

Save your reference number and use it to track your application status anytime.

Your Loans,
Anytime, Anywhere

Check your loan balance, payment history, and application status online. Full transparency β€” no need to call or visit the office.

Sign in to view your loan details
What Each Status Means
1
New

Your application was received and is waiting to be reviewed by our team.

2
Pending

We are reviewing your application. We may contact you for additional requirements.

3
Approved

Congratulations! Your loan is approved. Visit the office with your valid ID to claim.

4
Partial Approval

Approved for a different amount. Check your SMS for details and visit our office.

5
Rejected

Not approved this time. Visit our office to discuss your options.

Real Stories from Real Members

Hear from members whose lives have been changed by Southern Leyte Cooperative.

I used the loan calculator before applying and I knew exactly how much I would receive. No surprises at all. The process was very transparent and our collector is very approachable.

MS
Maria Santos
Hinundayan
Business Loan

My daughter was able to go to college because of the educational loan. The monthly payment is very manageable and the collector comes to our house every month. Very convenient.

RC
Rosa Cabahug
Saint Bernard
Educational Loan

When my husband passed away, I was worried about our loan. But the insurance covered everything β€” I did not have to pay a single peso of the remaining balance. The cooperative really cares.

AL
Ana Lim
San Juan
Loan Insurance

I applied online using my phone while at home. Two days later, our collector called me and told me I was approved. I did not have to take a day off from work just to go to the office.

PV
Pedro Villanueva
Hinunangan
Salary Loan

We Are Here to Help You

Have questions? Our team is ready to assist you from Monday to Saturday.

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Office Address

Southern Leyte Cooperative
San Juan, Southern Leyte
Near St. John Pharmacy

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Phone / SMS

Contact number here
Mon–Sat, 8:00 AM – 5:00 PM

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Email

Email address here
We reply within 24 hours

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Office Hours

Monday – Friday: 8:00 AM – 5:00 PM
Saturday: 8:00 AM – 11:00 AM

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Area Assignments

Hinundayan Β· Saint Bernard
San Juan Β· Hinunangan

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San Juan, Southern Leyte
Near St. John Pharmacy
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