OSJEMPC Form No.

OFFICE OF THE SECRETARY OF JUSTICE

EMPLOYEES MULTI-PURPOSE COOPERATIVE
DOJ Administrative Building, Padre Faura St., Ermita, Manila
Date: ________________
No. _____________

CASH ADVANCE FOR BONUS

APPLICATION FORM
Mode of Payment: Check ATM

I hereby apply for Cash Advance Bonus (CAB) in the amount of P_____________________ and authorize the cashier to
deduct in full from my mid-year/year-end Bonus. In case the amount stated is not applicable, are you willing to receive a
lower amount? YES NO

____________ ______________________________________ _______________ ___________

Date Applicant’s Name and Signature Official Station Contact No.
NOTE: 1. Minimum Amount is P 3,000.00
2. MAXIMUM LOANABLE AMOUNT IS P 50,000.00
To be filled up by the CREDIT COMMITTEE
Cash Advance Bonus P _________________ Gross Salary: _________________
Interest on Loan _________________
Service Fee _________________
Net Amount of Loan P _________________

CREDIT COMMITTEE ___________________ _____________________ _____________________

(Print Name and Signature)
POLICY GUIDELINES ON THE AVAILMENT OF CAB:
CRITERIA FOR LOAN APPROVAL:
1. The Cash Advance for Bonus (CAB) shall be available to all Members in Good Standing for at least one (1)
month in the OSJEMPC;
2. The CAB can be availed of at least two (2) months prior to the grant of Mid-Year and Year-End Bonuses, taking
into account the non-extendible period of filing of applications of at least one (1) month prior to the payment of Mid-
Year and Year-End Bonuses.
3. All CAB applications shall be funded from the available general fund on a first-come-first-served basis.
4. A MINIMUM amount of Three Thousand Pesos (P 3,000.00) and a MAXIMUM amount of Fifty Thousand
Pesos (P 50,000.00) (BR 04-2018) shall be granted to a qualified member upon submission of a duly
accomplished application form to the OSJEMPC, subject to the deduction of Two percent (2%) interest on loan and
One percent (1%) service fee. (BR 11-2016)
5. The amount of CAB that can be availed of shall not in any way diminished the net Mid-Year and Year-End
Bonuses to Three Thousand Pesos (P3,000.00)
6. The gross amount of CAB shall be deducted from the Payroll of the Mid-Year and Year-End Bonuses on a ONE-
TIME BASIS ONLY.
7. The proceeds of the CAB will be paid thru LBP ATM or issuance of check subject to the deduction of handling fee;
8. In case of default in payment without valid reasons, one percent (1%) of the amount due per month of delays shall
be charged to member/borrower.
9. In case of death, resignation, separation from the service, retirement and those who abscond, the entire unpaid
balance shall become due and demandable without need of any formal demand. The CAB is not covered by the
Manulife Loan Secure.
10. Cash Advance for Bonus shall be approved by the members of the Credit Committee, except when the CAB
being approved comes from one of the members of the Credit Committee, in such case, the same shall be
approved by the Board of Directors.
11. Loan Charges: a. Interest on Loan - 2% b. Service Fee - 1% c. Handling Fee – P 150.00

Gross Amount Interest on Loan (2%) Service Fee (1%) Net Amount
3,000.00 60.00 30.00 2,910.00
4,000.00 80.00 40.00 3,880.00
5,000.00 100.00 50.00 4,850.00
6,000.00 120.00 60.00 5,820.00
7,000.00 140.00 70.00 6,790.00
8,000.00 160.00 80.00 7,760.00
9,000.00 180.00 90.00 8,730.00
10,000.00 200.00 100.00 9,700.00
15,000.00 300.00 150.00 14,550.00
20,000.00 400.00 200.00 19,400.00
25,000.00 500.00 250.00 24,250.00
30,000.00 600.00 300.00 29,100.00
35,000.00 700.00 350.00 33,950.00
40,000.00 800.00 400.00 38,800.00
45,000.00 900.00 450.00 43,650.00
50,000.00 1,000.00 500.00 48,500.00