Effective October 1, 2015, PVAO Pension Loan is available to all
PVAO pensioners who are receiving their old age pension from
AFPSLAI. Nominal interest rates are from 6% to 10% per annum,
while loan term is from 6 months to 60 months. For those who are
receiving purely PVAO pensions, maximum loan term is up to 12
|LOAN TERM||NOMINAL RATE*||EFFECTIVE RATE*|
Aside from affordable loan rates, applying for loan is easy. Simply fill-out an application form, submit a Deed of Assignment and present the PVAO Pension ID.
Last October 1, 2015, AFPSLAI launched its Refer-a-Pensioner Promo which encourages AFPSLAI Members to refer qualified AFP and PNP pensioners, encourage them to become members of AFPSLAI and to avail of a loan.
Below are the promo mechanics:
|Below P 100,000||P 200|
|P 100,000 to P 199,999||P 500|
|P 200,000 and above||P 1,000|
|*Subject to withholding tax|