Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)
ELIGIBILITY:


Back-to-Back Loan is open to all AFPSLAI members who have an available balance of at least P10,500.00 in their Capital Contribution Account (CCA).

Loanable Amount: Minimum loanable amount is Php10,000 while the maximum loanable amount is 95% of total CCA balance provided that the sum of the loan principal and interest does not exceed the available CCA balance.

LOAN TERM AND INTEREST RATE:

LOAN TERM INTEREST RATE
1 to 365 days Equal to the Annual Divident Rate


NOTES:
  • Interest computed shall be for the duration of the loan term and will be collected on maturity date or when the loan is fully paid, whichever comes first.
  • No refund/ discount shall be given on partial payments or pre-payments, or when the loan is fully paid before the maturity date.
  • A minimum interest of Php500 shall be charged regardless of loan amount and term.
  • Subject to Documentary Stamp Tax for loans above P250,000.00