For members who will pursue schooling or with ongoing schooling, such as career courses, special skills training, specialization courses, and postgraduate degree programs, whether local or abroad.
Eligibility
- All Regular Members with an in-force MBAI Protek, in good credit standing, and with payroll deduction arrangement⁺
- All Civilian/Non-Uniformed Personnel with an in-force iProtek, in good credit standing, and with payroll deduction arrangement⁺
- This product is not extended to the member’s spouse and dependents
Maximum Loanable Amount
Regular Members: One hundred fifty thousand pesos (P150,000.00)
Civilian/Non-Uniformed Personnel with Payroll Deduction:
- With an in-force MBAI iProtek – up to one hundred twenty-seven thousand nine hundred twenty-nine pesos (P127,929.00) only
- With an in-force MBAI iProtek and in-force permanent insurance plan – up to one hundred fifty thousand pesos (P150,000.00)
*Member-borrower's net take home pay (NTHP) should be compliant with his/her branch of service's/bureau's NTHP requirements after deducting the monthly amortization of his/her Special MEDAL
| Interest Rate | Five and a half percent (5.5%) per annum |
|---|---|
| Payment Period | Up to 36 months |
| Renewability | Renewable after six (6) months of full monthly payments |
| Processing Fee | No (zero) processing fee |
Must have schooling admission or directive from the Branch of Service or Personnel Office and/or proof of program acceptance letter from the university or higher degree of institution with the following details:
- Validity period of schooling order: within six (6) months from effectivity of the order
- Certification of ongoing schooling is required if beyond six months
Additional requirements for civilian/non-uniformed personnel
- Certificate of Employment
- Permanent Order (Civil Service Commission)
- For online applications, please include a selfie picture holding your valid ID and ATM
