SALARY LOAN

WHAT ARE ITS BENEFITS?

• For members with active Permanent Insurance Plan through payroll deduction; Policy serves as insurance collateral
• Can be availed right after the Permanent Insurance Plan 1st payment has been deducted and remitted to AFPMBAI
• P300,000 maximum loanable amount can be paid in 5 years
• Payment term:  6 months up to 60 months
• Interest rate: 8.0% per year
• Renewable: after six (6) full monthly amortization payments

 
 

REQUIREMENTS

• Completed Application Form
• Service/AFPMBAI ID
• Enlistment Order/Re-enlistment Order
• Willingness to Re-enlist if ETE/Date of Discharge expires w/in 2 years
• Updated Statement of Service (Officers)
• Latest Payslip
• Civilian employees:

– Certificate of Employment

– Permanent Order (Civil Service Commission)

 

For PAF:

• Certificate of Non-pending Case from the Provost Marshal
• Wife’s Consent
• Wife’s Government-issued ID

 

For PN:

• Original Latest Payslips for three (3) consecutive months
• OTNA Clearance (Centralized at PN Fort Bonifacio)

 

For PA:

• Application Form should be endorsed by CO and Finance
• DLO clearance

 

For PNP/BFP:

• Updated Certificate of Non-pending Case (valid for 30 days only)
• Updated Service Record (and Permanent Appointment Order– KSS Attestation for new PNP and BFP graduates/ trainees)
• For BFP, Service ID and one (1) Government-issued ID

 

For BJMP:

• Application Form should be signed by Personnel and Records Management, Legal Service Office, and Chief Finance Service Office

 

For PCG:

• Original Latest Payslips for three (3) consecutive months with serial number
• Updated Certificate of Non-pending Case from CGIAS (valid for 30 days only)

 

For BUCOR:

• Permanent Order
• Latest Payslips for three (3) consecutive months
• Certificate of Non-pending Case
• Service Record

 

For PDEA:

• Permanent Order
• Original Latest Payslips for three (3) consecutive months
• Certificate of Non-pending Case from Administration
• Finance Certificate