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


Emergency Loan is open to all Regular Members, to wit:
  • Active/uniformed personnel from PA, PAF, PN, PNP, BFP and BJMP
  • AFP/PNP/BFP Retirees/Pensioners
  • Permanent/regular civilian employees from AFP, PNP, BFP, BJMP, DND, PPSC, PVAO and NAPOLCOM
  • Permanent employees and officers of AFPSLAI, AFPMBAI, AFPGEN and AFPRSBS
LOANABLE AMOUNT:
  • Maximum of Php500,000
  • Subject to Single Borrower’s Limit (SBL)
  • Computed based on the net-take-home pay (NTHP) requirement set by each Branch of Service
LOAN TERM:

6 months to 60 months

LOAN INTEREST RATE:

Terms Effective Rate
(EIR)
Nominal Rate
(Add-on)
6-mos 8.60% 2.52%
9-mos 10.07% 4.24%
12-mos 12.32% 6.80%
18-mos 13.82% 7.53%
24-mos 14.00% 7.62%
30-mos 14.25% 7.78%
36-mos 14.30% 7.85%
48-mos 14.51% 8.10%
60-mos 14.53% 8.25%

NOTE: Subject to Credit Redemption Insurance coverage