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


Personal Loan is open to Associate Members and Inactive Regular Members who:
  • Are currently employed and with at least two (2) years permanent work status with current employer, or self-employed professionals (accountants, architects, engineers, lawyers or doctors);
  • Have no pending case, are not applying for retirement or resignation; and
  • Will not be over 60 years of age upon loan maturity.
LOANABLE AMOUNT:

P30,000.00 to P300,000.00 (where first loan is up to P100,00.00 only)

LOAN TERM:

1 to 3 years (where first loan is up to 2 years only)

LOAN INTEREST RATE:

Terms Effective Rate
(IRR)
Nominal Rate
(Add-on)
1 year 21.46% 12.00%
2 years 22.42% 12.50%
3 years 22.81% 13.00%


NOTE: Subject to Credit Redemption Insurance coverage and Documentary Stamp Tax