- Open to all Regular and Associate Members of AFPSLAI who are at least 21 but not over 64 years old
- Members who are 65 years old and above can still avail provided they have sufficient CCA balance equivalent to or higher than the total amortization of the loan
- Must be gainfully employed or have regular compensation income
- Married member shall secure spouse’s consent and signature in the Loan Application Form (LAF)
Loanable amount is up to 70% of the selling price of the vehicle, subject to the borrower's paying capacity. At least 30% of the selling price of the vehicle shall be paid by the borrower (as equity) directly to the car dealer.
1 to 6 years
|Term||Effective Rate (IRR)||Nominal Rate (Add-on)|