FREQUENTLY ASKED QUESTIONS

Browse common questions and expand each item for the answer.


SMPC Business Hours

SMPC Business Hours

·        Monday to Saturday 8:30 AM to 4:00 PM

·        12:00 Noon Lunch Break and Office resumes in 1:00 PM

How to compute the loan amortization?

Principal loan / Term = Principal

Principal loan x Interest rate = Interest

Principal + Interest = loan Amortization

Who qualifies for membership of a cooperative?

REGULAR MEMBERSHIP 

Any individual of legal age and with capacity to enter into agreement or contract, preferably with source of income and residing within the area of operation of SMPC.

ASSOCIATE MEMBERSHIP 

Any individual who would like to open a savings deposit account with SMPC regardless of age may join by accomplishing the Application Form.