ELIGIBILITY:
Open to all Regular Members
FEATURES:
| AFP | PNP | BFP | BJMP | CE/NUP | PEN | |
|---|---|---|---|---|---|---|
| LAF, ATD, Promissory Note | / | / | / | / | / | / |
| Latest Payslips | / | / | / | / | / | |
| DLO or JAGO/PROV equivalent | / | |||||
| PA | ||||||
| Unit non-pending case | / | |||||
| PAF | ||||||
| PAF Provo | / | |||||
| Certificate of Singleness (for Single) or Spouse Consent plus photocopy of ID (for Married) | / | |||||
| CAD (for newly-graduated officers) | / | |||||
| Willingness to re-enlist | / | |||||
| Non-Pending Case | / | / | / | / | ||
| Photocopy of ID (Active Service) | / | / | / | / | / | |
| Statement of Account from HRMD (AFPSLAI/AFPMBAI/AFPGEN CE) | / | |||||
| Certificate of Pension (incl. request) | / | |||||
| Photocopy of Pensioner’s ID | / | |||||
| Permanent Appointment Order (1st Loan) | / | / | / | |||
| BFP Pensioner | ||||||
| Certificate of Pension Request Form | / | |||||
| Photocopy of Pensioner’s ID (3 copies) | / | |||||
| GHQR/AFP Pensioner | ||||||
| Photocopy of Pensioner’s ID | / | |||||
| Retirement Order/Posthumous Order (2 copies) | / | |||||
| If survivor, Declaration of Legal Beneficiary (2 copies) | / | |||||
| Latest ID picture | / | / | / | / | / | / |
NOTE: Additional documents may be required depending on the Branch of Service
| Please note that the computation above is only indicative. You may call us or visit any AFPSLAI Branch nearest you for the actual details. |
Application at the Branch Office
Online Application
FAQs
Q: How long will it take for a loan to be released?
A: If all requirements are complete, the loan is released within the day.
Q: What is the Single Borrower’s Limit (SBL)?
A: It is the maximum loan amount that is allowed for a borrower. It is computed by multiplying the
regular monthly salary and allowances by 12, plus annual regular bonuses/incentives and existing
deposits with AFPSLAI.
Q: What is the Credit Redemption Insurance (CRI)?
A: CRI is the insurance that will cover the payment of the outstanding loan of a qualified borrower in
case of his/her death.
Q: What is the clearance needed in applying for a loan?
A: It depends on the branch of service requirement.
Q: Can I avail of another loan even if I still have an outstanding Salary Loan?
A: Yes. You can avail of the Emergency Loan, Multi-Purpose Loan, and other collateralized loan products,
depending on your paying capacity.
Q: When can I renew my Salary Loan?
A: You can renew your Salary Loan once your loan payment has reached at least 20% of the
amount borrowed.
Q: When I apply for loan renewal, do I get an overpayment for the continuous deduction of
my monthly amortization?
A: No, the amount deducted from your salary will be considered as first payment to your
renewed loan. This lowers your new loan balance from the programmed loan amount.
Q: Can I apply for a Salary/Pension Loan even when I am not yet receiving my pension?
A: A loan can only be granted once you are receiving your monthly pension.
Q: If a member dies and his loan is not fully paid yet, what will happen to his loan balance?
A: Effective January 17, 2011, all loans granted by AFPSLAI are covered by credit redemption insurance
(except for Back-to-Back Loan and for those denied coverage by the insurance provider & whose age is
over 80 years old). If the member/borrower dies during the term of the loan, all programmed balance
will be paid by the insurance provider for as long as the loan is not past due. On the other hand, all
current loans granted before the aforementioned date will be covered based on applicable policies.
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