Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)

  • Open to all Regular and Associate Members of AFPSLAI who are at least 21 but not over 64 years old
  • Members who are 65 years old and above can still avail provided they have sufficient CCA balance equivalent to or higher than the total amortization of the loan
  • Must be gainfully employed or have regular compensation income
  • Married member shall secure spouse’s consent and signature in the Loan Application Form (LAF)

Loanable amount is up to 70% of the selling price of the vehicle, subject to the borrower's paying capacity. At least 30% of the selling price of the vehicle shall be paid by the borrower (as equity) directly to the car dealer.


1 to 6 years


Term Effective Rate (IRR) Nominal Rate (Add-on)
1 year 6.75% 3.69%
2 year 7.25% 3.86%
3 year 7.50% 3.99%
4 year 7.75% 4.15%
5 years 8.00% 4.33%
6 years 10.00% 5.56%