
Para sa mabilisang tulong pinansyal
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
- The borrower must have an active Permanent Insurance Plan and/ or E56 with AFPMBAI which is in forced for at least 1 month at the time of application.
- The borrower must have a good credit record as determined by any credit bureau/facility. All his/her accounts should be current and have NO ARREARS.
- The borrower should have a NET TAKE HOME PAY as required by his branch of service/bureau after deducting the monthly amortization of Salary Loan/MEDAL.
- One Salary Loan per borrower is allowed regardless of the number of policies held but not exceed the aggregate face amount of his/her insurance.
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