EXPANDED SALARY LOAN (ESL)
Life’s urgent necessities are unavoidable. AFPMBAI has got you covered through such emergencies. It is a reliable partner offering loan and equity privileges just by securing an upgraded basic insurance and availing of additional insurances.
- For 55-year old AFP officers who are going to retire within the year and their lump sum pay has not been computed by AFPPGMC
- Maximum loanable amount is P1M or will not exceed 25% of the member’s lump sum pay benefit
- With an annual 8% interest only before the member receives his lump sum pay
- Total loan amount and interest that has not been paid if any, will be deducted from the lump sum pay