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||INTEREST RATE|
|1 to 365 days||Equal to the Annual Divident Rate|
- 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