Expanded Salary Loan

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