Real Estate Pre-Retirement Loan

REAL ESTATE PRE RETIREMENT LOAN

More than a roof over your head, AFPMBAI will help you realize your dream home where your family can reside in peace and love within a safe, harmonious community. Apart from being a sound investment, you can leave this property as a legacy for your family. 

  • For AFP members who need to retire in 5 years or earlier when the loan was applied
  • For purchase of a house and lot or condominium unit (completed), for purchase of a lot and house construction, for house renovation and house construction 
  • Easy and affordable payment up to 5 years
  • With an annual 5%-7% interest only
  • Loan amount is based on the following, whichever is lowest:
    • 50% of retirement benefit + 100% of commutable accumulated leaves of absence of the applicant
    • 70% of collateral’s appraised value and or collateral’s cost estimate 
    • Actual requirement
    • P5M for officers or P3M for enlisted personnel

LOAN TERMS AND INTEREST RATES

1 year            5.0%

2 years            5.5%

3 years            6.0%

4 years            6.5%

5 years            7.0%