To help ease the burden of our members during this time of public health crisis, MAGCOOP reminds its borrowers of the 30-day grace period for payments falling due within March 17 to April 12, 2020.

For members who wish to avail of the 30-day payment relief (without incurring interest on interest and penalty fees), please notify MAGCOOP at and at MAGCOOP will effect it from April 15 onwards or on the next run of allotment processing or payroll. As an act of goodwill, MAGCOOP also waives the interest on principal (accrued interest).
For members who have already paid but wish the amount to be refunded, a formal notification must be sent to MAGCOOP.
For members who still choose to pay as scheduled, a formal notification must also be sent. If MAGCOOP has not received any notification within seven (7) days, it is considered as confirmed.
Let us all keep ourselves safe and do our share to prevent the spread of the virus.

For inquiries, please contact MAGCOOP Loans and Investment Department at +63917 859 2046 or +63919 603 3448 or send an e-mail to and at  Our lines are open from Monday to Friday, 8:00 a.m. to 5:00 p.m.