GENERAL REQUIREMENTS
The borrower is required to submit a duly accomplished Loan Application Form (LAF) together with other supporting documents such as:
- Latest 1x1 ID Picture
- AFPSLAI ID and CCA Passbook
- Proof of Latest Billing
- Latest Community Tax Certificate or borrower and spouse
- Marriage Contract
- TIN of borrower
For Existing Business
- Business/Registration Permit
- Income Statement/Financial Statements for the past two (2) years
- ITR for the past two (2) years
For New Business
- Feasibility Study and Business Plan
For Refinancing
- Statement of Account/Proof of Outstanding Loan Balance
- Business/Registration Permit
- Income Statement/Financial Statements for the past two (2) years
- ITR for the past two (2) years
COLLATERAL REQUIREMENTS
(Home Mortgage or Lot only, where the business is located)
- Photocopy of OCT/TCT or CCT registered in the borrower’s name
- Certified True Copy of Tax Declarations for the lot and its improvements, if any
- Photocopy of OCT/TCT or CCT registered in the seller’s name and Certified True Copy of Tax Declarations, if the purpose of loan is ACQUISITION OF AGRICULTURAL/COMMERCIAL PROPERTY
- Photocopy of OCT/TCT or CCT issued in the name of the owner, Certified True Copy of Tax Declarations, and Special Power of Attorney, if THIRD PARTY MORTGAGE
- Vicinity Map/Location Plan
- Building Permit, Floor Plan and Bill of Materials, if purpose is CONSTRUCTION/RENOVATION of commercial space/property or apartment units
SUPPORTING REQUIREMENTS
Active (Payroll Deduction)
- Latest original/authenticated copies of payslips for the past three (3) months
- Appointment Order/Re-appointment Order/ETAD/Re-enlistment Order
- Any one (1) clearance (Unit, JAGO, or Certification of Duty Status or its equivalent)
- Certificate of Non-Pending Case for PNP, BFP and BJMP
- TR for the past two (2) years
- Authority to Deduct (ATD) duly signed by Commanding Officer/Disbursing Officer
Pensioner (Pension Deduction)
- Pension Verification Slip/Pension Account
- Certificate of Pension
Associate Members (employed through PDCs)
- Latest original/authenticated copies of payslips for the past three (3) months
- Certificate of Employment and Compensation of borrower/spouse
- ITR for the past two (2) years
- Bank Certificate
Post-dated Checks (guaranteed by CCA)
- Deed of Assignment/Authority to Debit
- Bank Certificate
Post-dated Checks (income from business)
- Business Registration Permit
- Income Statement/Financial Statements for the past two (2) years
- ITR for the past two (2) years
- Bank Certificate
Post-dated Checks (income from rentals)
- Contract of Lease
- Income Statement/Financial Statements for the past two (2) years
- Bank Certificate
Post-dated Checks (income from PUVs)
- OR/CR
- Permit to Operate from LTFRB
- Income Statement/Financial Statements for the past two (2) years
- Bank Certificate
Requirements Prior to Release
- Notarized Mortgage Contract
- OCT/TCT or CCT encumbered to AFPSLAI
- Mortgage Redemption Insurance
- Fire Insurance
Note: All other expenses like Mortgage Fee, Insurances, Appraisal Fee, etc. shall be borne by the borrower