Whose regular monthly PVAO old age pension is remitted to AFPSLAI;
Who are coverable by CRI; and
In good credit standing should there be an existing loan at the time of availment of PVAO Pension Loan.
LOANABLE AMOUNT
Basis in the loanable amount shall be the amount of old age pension plus the Total Administrative Disability pension (for veterans age 70 and above and surviving spouse of deceased veterans age 70 and above) but not to exceed the SBL
Minimum loanable amount is ₱25,000
Subject to Net-Take-Home-Pay requirement of ₱650 (combined old age pension and total disability pension)
REQUIREMENTS:
PVAO Pension ID
CENOMAR (as may be applicable)
SD-012 Passbook
Deed of Assignment
INSTRUCTIONS:
To know your monthly amortization:
Enter your desired loan amount.
Select the number of years you want to amortize your loan.
Click “COMPUTE” to know your monthly amortization or “RESET” to clear entries.
To know how much loan you can avail:
Enter your preferred amount of monthly amortization.
Select the number of years you want to amortize your loan.
Click “COMPUTE” to know your loan amount or “RESET” to clear entries.
Please note that the computation above is only indicative. You may call us or visit any AFPSLAI Branch nearest you for the actual details.
Procedures
Application at the Branch Office
Borrower submits LAF and requirements.
If submitted documents comply with all the requirements, Loan Specialist proceeds with the
processing of loan (new/renewal).
Upon approval of the loan, borrower proceeds to the Releasing Section/Tellering Section for the
release of his/her loan proceeds through cash, his/her Savings Deposit Account (SD-02) or
through Remittance Facility.
Borrower receives his/her loan proceeds.
Borrower signs the Loan Release.
Online Application
Borrower visit the AFPSLAI Website, click the e-Application Tab then click the e-Loan
Application.
Borrower fills out the online application form and gets the reference number.
Borrower prints and saves the generated form.
Borrower visits the selected branch office to submit the signed loan application form together
with the requirements.
Loan Specialist processes the loan.
Upon approval of the loan, borrower proceeds to the Releasing Section/Tellering Section for the
release of his/her loan proceeds through cash, his/her Savings Deposit Account (SD-02) or
through Remittance Facility.
Borrower receives his/her loan proceeds.
Borrower signs the Loan Release.
FAQs
Q: Are all PVAO members entitled to this loan?
A: Member/Pensioner must have received his/her pension with AFPSLAI thru remittance SD-012.
Q: What are the modes of payment for this loan?
A: Loan shall be paid through offsetting from PVAO Pension Account of the borrower. Over-the-counter
payment shall only be allowed for loans inadvertently not remitted and additional payment on top of
the regular payment.
Q: Is this loan insured?
A: Yes, this loan is covered by Credit Redemption Insurance.
