Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)
ELIGIBILITY:
Salary Loan is open to all Regular Members, to wit:
  • Active/uniformed personnel from PA, PAF, PN, PNP, BFP and BJMP
  • AFP Retirees/Pensioners
  • PNP / BFP Pensioners
  • Permanent/regular civilian employees from AFP, PNP, BFP, BJMP, DND, PPSC, PVAO and NAPOLCOM
  • Permanent employees and officers of AFPSLAI, AFPMBAI, AFPGIC and AFPRSBS
LOANABLE AMOUNT:
  • Subject to Single Borrower’s Limit (SBL)
  • Computed based on the net-take-home pay (NTHP) requirement set by each Branch of Service
LOAN TERM:

1 to 5 years

LOAN INTEREST RATE:

Terms Effective Rate
(EIR)
Nominal Rate
(Add-on)
1 year 12.32% 9.00%
2 years 14.79% 9.50%
3 years 16.02% 10.00%
4 years 16.84% 10.50%
5 years 17.45% 11.00%

NOTE: Subject to Credit Redemption Insurance coverage and Documentary Stamp Tax