In its continuing objective to look after the welfare of its members, the AFPMBAI will grant calamity loan to members who were victims of magnitude 7.2 earthquake and super typhoon Yolanda in the Visayas and the flooding in Zamboanga City.
Member-victims of the recent earthquake in the Visayas and super Typhoon Yolanda may borrow up to P50,000 payable in five years or less at an interest rate of only 6% per annum. Qualified to avail of this loan are uniformed and non-uniformed personnel in the active service, or permanent status, of the AFP, PNP, PCG, BFP and BJMP and regular employees of AFP Financial Institutions who are residing or assigned in Regions VI, VII, and VIII.
Meanwhile, the AFPMBAI is also granting calamity loan for member-victims of the siege and massive flooding brought by the heavy rains in Zamboanga City. Maximum loanable amount is P20,000 with 6% interest rate per annum payable in three years or less.
Distribution of forms, processing and releasing of calamity loans will be done in Iloilo, Cebu and in Zamboanga Branches.