Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)
ELIGIBILITY:
Salary/Pension 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 P1,000,000.00
  • Computed based on the Net-Take-Home pay (NTHP) requirement set by each Branch of Service
  • Subject to Single Borrower's Limit (SBL)
LOAN TERM:

1 to 5 years

LOAN INTEREST RATE:

Terms Effective Rate
(EIR)
Nominal Rate
(Add-on)
1 year 12.32% 6.80%
2 years 14.00% 7.62%
3 years 14.30% 7.85%
4 years 14.51% 8.10%
5 years 14.53% 8.25%

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