Terms and Conditions:

1. Processing time for Petty Cash Loans is 2-4 banking days.
2. Amortizations of Petty Cash Loans released on or before the end of the current month will start on the 10th of the succeeding month and subject to two percent (2%) interest per month.
3. Loan proceeds will be deposited to the Borrower's bank account on record.
4. A member can only have one (1) active Petty Cash Loan at a time.
5. Only members in good standing AND with at least six (6) months HPPCOOP tenure can avail themselves of Petty Cash Loan.
6. Must be compliant with all the other provisions of the Credit Policy.
7. Non-compliance with any of the above Terms and Conditions will mean automatic disapproval of this loan application.
8. Penalties: In addition to interests, past due amortizations are charged a penalty of three percent (3%) per month.
9. For any questions or concerns, you may reply to this email.