sinco opes stock savings and loan corp

SINCO OPESSavings and Loan

Corp.

MISSION

Sinco Opes Savings and Loan Corporation is established for the purpose of providing savings and loans that will help individual to uplift their way of living and supporting businesses in their financial status.

VISIONSinco Opes Savings and Loan Corporation envisions of being the Philippines leading company in rendering loans and savings services, building financial success that can contribute to the growth of the economy.

MARKETING ASPECT

PRODUCT DESCRIPTION

WE DECIDED TO ESTABLISH SAVINGS AND LOAN CORPORATION FOR THE PURPOSE OF PROVIDING FINANCIAL ASSISTANCE TO OUR MEMBERS WHO ARE ALSO RESIDENTS OF MUŇOZ, ROOSEVELT QUEZON CITY. STOCK SAVINGS AND LOAN ARE ENGAGED IN THE ACCUMULATION OF SAVINGS MAINLY OF STOCKHOLDERS IN SPECIFIED UNDERTAKINGS. THEY ARE PRIMARILY CONCERNED WITH SERVICING THE NEEDS OF THE HOUSEHOLD BY PROVIDING PERSONAL FINANCE AND LONG-TERM FINANCING FOR HOME BUILDING AND DEVELOPMENT. TAKES DEPOSITS FROM INDIVIDUALS, FUNDS, MORTGAGES, AND PAYS DIVIDENDS.

TARGET MARKETThe target market of the study are

those working individuals who have a disposable income of at least P3,000 and SMEs or small and medium entrepreneurs who are willing to join, save money and ask for a loan in our Savings and Loan Corporation. Small enterprises consist of 10-99 employees with P3,000,0000 - P15,000,001 total asset while medium enterprises consist of 100-199 employees with P15,000,001 – P100,000,000.

4 P’S OF THE SINCO OPES SAVINGS AND LOAN CORP.

SINCO OPES SAVINGS AND LOAN CORP.

336 Muñoz, Roosevelt, Quezon City

Place

Promotion1)Distributing leaflets indicating the information about the proposed Corporation.2)Putting banners within the allowed area that can surely caught the attention of our potential stockholders.3)Create a friendly and inviting atmosphere for the purpose of convincing potential stockholders to join the Stok Savings and Loan Corporation.4)Putting a sound System on the day of the launching of Sinco Opes Stock Savings and Loan Corp. to get the attention of the people within the area of the location of the business.5) On-line advertising


ProductLoans

Payday loan Personal Loans Business Loans Housing Loans

Savings

Notice accounts Regular savings

accounts Instant access

savings accounts


Pricing

Types Terms Loan able Amount

Interest Rate

Payday Loans Short Term 1 – 3 Months

Minimum: P 5,000Maximum: P 25,000

5% per month

Personal Loans Short Term 1 year

Minimum: P 10,000 Maximum: P 50,000

3% per month

Business Loans Medium 1 – 5 years

Maximum: P 200,000

15% per annum

Housing Loans Long Term 20 years

Maximum: P 500,000

10% per annum

Loans


Pricing

Savings

Types Maintaining Bal.

Interest Rate

Regular Savings Account

P 3,000 6% per annum

Notice Account P 3,000 8% per annum

Instant Access Savings Accounts

P 2,000 5% per annum

COMPETITOR’S ANALYSIS

COMPETITORS

Banco De OroLandbankBanco FilipinoBPI Family Savings BankPhilippine Business Bank

BANCO DE ORO

BANCO DE ORO

Place

Congressional-Mindanao Avenue, Ext cor. Mindanao Avenue, Quezon City

Promotion

1) TV Advertisement2) Billboard

3) On-line Advertisement4) Newspaper Advertisement

BANCO DE ORO

Product

BDO Personal Loan

BDO Auto Loan

BDO Home Loan

BANCO DE ORO Pricing

BDO Personal Loan

Unsecured Personal Loan

Loan Minimum of 10K, maximum of 500KLoan Payment Terms6 months12 months18 months24 months36 months

Secured Personal Loan

Loan AmountFor Peso Account maximum of 90% of the deposit account balanceFor Dollar Account maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine the peso equivalent

BANCO DE ORO

BDO Auto Loan

Pricing

Minimum loan amount starts at P100,000. There is a requisite down payment of 20%. For

used cars, term is up to 4 years, and loan amount is up to 70% of appraised value or

selling price, whichever is lower.

Terms of paymentpayment options of 1 to 6 years

BANCO DE ORO Pricing BDO Home Loan

Minimum: P500,000.00Maximum: Based on appraised value of

propertyUp to 80% of appraised value for house & lotUp to 80% of appraised value for townhouseUp to 70% of appraised value for vacant lot

Up to 70% of appraised value for condominium

Terms of payment20 years for house & lot, townhouse

15 years for condominium10 years for vacant lot

The age of the borrower should not exceed 65 years old at loan maturity and the term of loan should not exceed the remaining economic life

of the propertyWe do not collect pre-payment penalties but we

charge PhP 2,000 as a processing fee for full payment of loan before maturity

LANDBANK

LANDBANK Place

Unit G, Whitehasco Condominium , G. Araneta Ave., cor Bayani and Guinayan St.

Promotion



LANDBANK Product

Regular Savings Account Regular Current Account

Savings Account with ATM AccessCurrent Account with ATM AccessRegular Peso E.A.S.Y. (Earning Access & Sure Yield) CheckRegular Peso Time Deposit Easy Savings Plus (ESP)High-Yield Savings Account (HYSA)

LANDBANK Pricing

Regular Savings Account

Individual Institutional

Initial Deposit Requirement P 10,000 P 10,000

Required ADB P 10,000 P 10,000Required Daily Balance to Earn

InterestP 10,000 P 10,000

Interest Rate .75% p.a. .75% p.a.

Documentation Passbook Passbook

LANDBANK Pricing

Regular Current Account

Individual InstitutionalInitial Deposit Requirement

P 5,000 P 10,000

Required ADB P 5,000 P 10,000Documentation Checkbook Checkbook

Savings Account with ATM Access

Initial Deposit Requirement P 500Required ADB P 500

Required Daily Balance to Earn Interest

P 500

Interest Rate .75% p.a.Maximum withdrawable

amount/dayP 50,000

Documentation ATM Card

LANDBANK

Pricing Current Account with ATM Access

Initial Deposit Requirement P 5000Required Daily Balance to Earn

InterestP 5000

Checking Account with ATM Access

P 5000

Documentation Checkbook plus ATM CardRegular Peso E.A.S.Y. (Earning Access & Sure Yield) Check

Individual Institutional

Initial Deposit Requirement

P 10,000 P 20,000

Required ADB P 10,000 P 20,000

Required ADB to earn interest

P 10,000 P 20,000

Interest Rate .75% p.a. .75% p.a.

Documentation Checkbook Checkbook

Maximum Number of check issuances

No limit No limit

Regular Peso Time Deposit

LANDBANK Pricing

Minimum Deposit Requirement

P 1,000

Interest RateBased on weekly posted

rates; varies depending on term and amount

Documentation CTDEasy Savings Plus (ESP)

Minimum Deposit Requirement

P 20,000

Interest RateMarket rates, tiered rates based on ADB required

month

Documentation Passbook

LANDBANK Pricing

High-Yield Savings Account (HYSA)

Minimum Deposit Requirement P 1,000,000

Interest Rate Based on weekly posted rates; varies depending on term and

amount

Posting of interestOn or before 15th day from date of deposit: ¼ of the rate given on the

date of deposit or prevailing savings rate whichever is higher.

After 15 days from date of deposit: ½ of the rate given on the date of deposit or the prevailing savings

rate whichever is higher

Documentation HYSA Passbook

BANCO FILIPINO

BANCO FILIPINO Place

345 Roosevelt Ave. Quezon City

Promotion



BANCO FILIPINO ProductSavings

DepositSpecial Savings Deposit

Safe Deposit Boxes

Foreign Currency Deposit

Demand Deposit

Money Transfer Remittances and Special Collection

Services Payroll Services

Savings Gift Certificates

Foreign Exchange Dealership

ATMInvestment Management

AccountTrust and other Fiduciary

Accounts

BANCO FILIPINO

Pricing

Special Savings Deposit

Minimum deposit of P10,000Partial withdrawals allowedHigher interest rates depending on balance and holding periodWith option for automatic roll-over

Demand Deposit

Earns on your current account with minimum initial deposit and maintaining balance of only P 10,000Minimum initial deposit and maintaining balance of only P5,000

Foreign Currency Deposit

BANCO FILIPINO Pricing

Interest compounded and credited quarterlyPassbook used to monitor transactions and balanceMinimum initial deposit of US $200Minimum monthly ADB of US $200 to earn interest

ATM

Minimum Loan Amount

P300,000

BANK OF THE PHILIPPINE

ISLANDS

BANK OF THE PHILIPPINE ISLANDS Place

Unit I & J, 162 Roosevelt Ave. cor. Del Monte Ave., San Francisco Del Monte, Quezon City

Promotion



BANK OF THE PHILIPPINE ISLANDS Product

Deposits

Savings Account Products

Checking Account Products

Time Deposit Products

Auto Loan

Housing loan

Pricing

BANK OF THE PHILIPPINE ISLANDS

Auto Loan

Brand New Cars Term In Arrears In

Advance 12

months 6.03% 5.15%

18 months

8.85% 7.93%

24 months

12.70% 11.70%

36 months

19.47% 18.36%

48 months

26.48% 25.28%

60 months

34.80% 33.47%

72 months

44.07% 42.58%

BANK OF THE PHILIPPINE ISLANDS Pricing

Housing loan

HOUSING LOAN

Tenor InterestRates

Yearly 8.75%2-3 years 9.75%4-5 years 10%

6-10 years 11%11-15 years 11.25%16-20 years 11.50%PROPERTY EQUITY LOAN

Tenor Interest Rates

Yearly 9.75%2-3 years 10.75%4-5 years 11%

6-10 years n/a11-15 years n/a16-20 years n/a

Terms of PaymentMaximum of 25 years for house & lot

and townhouse10 years for vacant lot and residential

condominium10 years for refinancing and multi-

purpose loan5 years for business loan

Loan Amount: Minimum of P400,000Maximum of 70% of appraised value of vacant lot, house & lot, townhouse and

residential condominium 80% of appraised value of house & lot not to exceed P5M

(provided applicant is employed and purpose is for owner occupancy)

PHILIPPINE BUSINESS

BANK

PHILIPPINE BUSINESS BANK

Roosevelt Ave. Quezon City

Place

Promotion



Product

PHILIPPINE BUSINESS BANK

Savings Account

Time Deposit

Checking Account

Hi-Green Funds

Automatic Transfer Account (ATA)

CASA (ATA) (Auto-Transfer)

FCDU Savings

Payroll Account

Hi-5 TD

Campus Savers

PHILIPPINE BUSINESS BANK Pricing

Savings Account

•Minimum initial deposit/Placement: P1,000.00•Minimum maintaining balance to earn interest: P1,000.00•Interest rate: .25% p.a.•Easy monitoring thru a passbook

Time Deposit

•Minimum Initial Deposit/Placement: P1,000.00•Minimum maintaining balance to earn interest: P1,000.00•Interest rate: pre-determined based on the amount and term of placement•Term of Deposit/Placement: 30 to 360 days•Interest crediting: at maturity•Transaction Records: Certificate of Time Deposit


Checking Account

•Minimum Initial Deposit/Placement: P2,000.00 (individual) P5,000.00 (corporate)•Maintaining balance: P2,000.00 (individual) P5,000.00 (corporate)•Non-interest bearing

Hi-Green Funds

•Minimum Initial Deposit/Placement: $20,000.00•Maintaining balance: $20,000.00•Minimum maintaining balance to earn interest: $20,000.00•Interest rate: pre-determined based on the amount and term of placement•Term of Deposit/Placement: 6 months•Interest crediting: at maturity•Transaction Records: Certificate of Time Deposit

Automatic Transfer Account (ATA)


•Minimum Initial Deposit/Placement: P2,000.00 (SA) P5,000.00 (CA)•Minimum maintaining balance to earn interest: P2,000.00 (Savings)•Interest rate: .25% p.a. for S/A•Interest crediting: quarterly for S/A

Payroll Account

•Minimum Initial Deposit/Placement: P100.00 (Savings) P100.00 (Checking) Mother Account -Checking: P50,000.00+(1,000.00 x No. of Employees)•Maintaining balance: P100.00 (Savings) P100.00 (Checking) Mother Account -Checking: P50,000.00+(1,000.00 x No. of Employees)•Minimum maintaining balance to earn interest: P1,000.00 (Savings)•Interest rate: .25% p.a. (Savings)•Interest crediting: quarterly (Savings)

Hi-5 TD


•Minimum Initial Deposit/Placement: P50,000.00•Minimum maintaining balance to earn interest: P50,000.00•Interest rate: pre-determined based on the amount and term of placement•Term of Deposit/Placement: 5 years+1 day•Interest crediting: monthly•Transaction Records: Certificate of Time Deposit


CASA (ATA) (Auto-Transfer)

Individual:•Minimum Initial Deposit/Placement: P2,000.00 (SA) P5,000.00 (CA)•Minimum maintaining balance to earn interest: P2,000.00 (Savings)•Interest rate: .25% p.a. for S/A•Interest crediting: quarterly for S/A

Corporate:•Minimum Initial Deposit/Placement: P5,000.00 (SA) P10,000.00 (CA)•Minimum maintaining balance to earn interest: P5,000.00 (Savings)•Interest rate: .25% p.a. for S/A•Interest crediting: quarterly for S/A•Daily transactions recorded in Passbook/Bank Statement

FCDU Savings


•Minimum Initial Deposit/Placement: $1,000.00•Minimum maintaining balance to earn interest: $1,000.00•Interest rate: pre-determined based on the amount and term of placement•Term of Deposit/Placement: 30.60.90.180 days•Interest crediting: at maturity•Transaction Records: Certificate of Time Deposit

Campus Savers


•Minimum Initial Deposit/Placement: P100.00•Maintaining balance: P100.00•Minimum maintaining balance to earn interest: P500.00•Interest rate: .25% p.a.•Interest crediting: quarterly•Easy monitoring thru a passbook

GROUP MEMBERS:

Delos Santos, Gemma M.Heguerra, Jovelyn S.Lastimoza, Arlyn D.

Montil, Maria Jovel Z.San Ramon, Jonalyn F.

sinco opes stock savings and loan corp

Education

loan corporation

stok savings

accumulation of savings

missionsincoopes savings

visionsincoopes savings

payday loan

regular savings accounts

personal loans