AFPSLAI in the Philippines

AFPSLAI is a private, non-stock anf non-profit savings and loan association established and registered with the Securities and Exchange Commission (SEC) in 1972. Supervised by the Bangko Sentral ng Pilipinas, AFPSLAI aims to promote industry, frugality and savings among its members from the AFP, PNP, BFP, BJMP and their civilian employees.

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Armed Forces and Police Savings & Loan Association https://upfinance.com/app/uploads/2019/12/afpslai-logo-and-name2.png
AFPSLAI Building, Capinpin Avenue, Camp Aguinaldo, EDSA cor Col Bonny Serrano Road, Quezon City 1110.
(02) 8911-2032 local 2502., info@afpslai.com.ph.
Interest rate 0.66% - 2%
Loan tenure from 1 to 240 months
Approval duration Up to 120 hours
Min. monthly income

Head Office

AFPSLAI Building, Capinpin Avenue, Camp Aguinaldo, EDSA cor Col Bonny Serrano Road, Quezon City 1110.

Product Features

Min. financing amount ₱ 20000
Max.financing amount ₱ 1000000
Min. loan tenure 1 months
Max. loan tenure 240 months

Credit

Salary / Pension / Multi-Purpose Loan

Interest Rates:  1 year – 12% APR; 2-3 years – 14% APR; 4-5 years – 15% APR
Maximum loan amount: 1 000 000 PHP
Payment terms: 1 – 5 years
Features: Subject to Single Borrower’s Limit (SBL)
Approval time: 5- 21 banking days

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Emergency Loan

Interest Rates: 8.5% APR (6-9 months); 12% APR (1 year); 14% APR (2-5 years)
Maximum loan amount: 1 000 000 PHP
Payment terms: 6 – 60 months
Features: Subject to Single Borrower’s Limit (SBL)
Approval time: 1 – 3 banking days

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PVAO Pension Loan

Interest Rates: 10% APR (6 months); 11% APR (9 months); 13% APR (1 year); 16% APR (2 years); 17% APR (3-6 years);
Minimum loan amount: 25 000 PHP
Payment terms: 6 – 60 months
Approval time: within 5 banking days

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Calamity Loan

Interest Rates: 7.5% APR (3-9 months); 6% APR (1 year)
Maximum loan amount: 50 000 PHP
Payment terms: 3 – 12 months
Eligibility:
Active uniformed and non-uniformed personnel of the AFP, PNP, BFP and BJMP
Retired members from the AFP, PNP, BFP and BJMP
Must be a permanent resident in an area officially declared to be under “State of Calamity”
Must be in good credit standing (no delinquent or past due loans on record)
Must have sufficient capacity to pay taking into consideration the net-take-home-pay requirement

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Real Estate Loan

Interest Rates: 7% APR (1-5 years); 8% APR (6-10 years); 9% APR (11-15 years); 10% APR (16-20 years);
Maximum loan amount: Up to 70% of assessed value
Down payment: As low as 30% of purchase price
Payment terms: 6 – 240 months
Eligibility:
All Regular and Associate Members who are in good credit standing
and have satisfactorily complied with the documentary and paying capacity requirements.

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Commutation Loan

Interest Rates: 20% APR
Maximum loanable amount is equivalent to 50% of the expected commutation proceeds
Payment terms: 1 – 365 days
Eligibility:
Exclusive to AFPSLAI members from the Philippine Navy, who are due for retirement.

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Vehicle Loan

Interest Rates: 8% APR (1-2 years); 9% APR (3-4 years); 9.5% APR (5 years); 11% APR (6 years);
Loan amount: up to 70% of purchase price
Down payment: As low as 30% of purchase price
Payment terms: 1 – 6 years
Eligibility: Open to all Regular and Associate Members of AFPSLAI who are at least 21 but not over 64 years old

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Pre-Owned Vehicle Loan

Interest Rates: 12% APR (1-3 years); 13% APR (4-5 years);
Maximum loan amount: 1 200 000 PHP
Payment terms: 12 – 60 months
Features: Maximum term shall be regulated based on the age of the vehicle being financed such that the subject vehicle must not be more than 10 years old upon the target maturity.
Approval time: 1 – 3 banking days

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Business Loan

Interest Rates: From 12% APR
Minimum loan amount: 300 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: 6 – 60 months
Approval time: within 5 banking days
Eligibility: All Regular and Associate Members in good credit standing, except corporate members, who are the registered owners (or one of the partners, as the case may be) of the business for which the loan proceeds are to be used. A member in good credit standing is defined as one without record of delinquent/past due loan, has complied with the minimum required balance for CCA and has no dormant Savings Deposit Account.

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Personal Loan

Interest Rates: 21% APR (1 year); 22.5% APR (2 years);23% APR (3 years);
Maximum loan amount: 300 000 PHP
Payment terms: 12 – 36 months
Features: where first loan is up to ₱100,000 and up to 2 years only
Approval time: 1 – 3 banking days

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Emergency Loan

Interest Rates: 8.5% APR (6-9 months); 12% APR (1 year); 14% APR (2-5 years)
Maximum loan amount: 1 000 000 PHP
Payment terms: 6 – 60 months
Features: Subject to Single Borrower’s Limit (SBL)
Approval time: 1 – 3 banking days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

FAQ

Minimum down payment is 30% of purchase price.

No, the car is your property from the moment of purchase and you also have to pay for car insurance so that the bank can receive its money in any case.

Documents confirming income and identification are the main requirements for obtaining a car loan.
Application form with filled in fields.
Copy of Passport or any ID ( SSS ID, Driver’s License, Voter’s ID)
Working borrowers must submit documents: certificates from the place of work or COE, a copy of payslip for 2 months, income tax return from BIR or ITR within 1 year.
Self-employed applicants must submit documents: a copy of the ITR with THE bir stamp , a copy of registration with the DTI or SEC, and a copy of financial statements for a period of at least 2 years .
After buying a car, you need to pay for insurance.

Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.

The longest loan period is 20 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

AFPSLAI members can get a loan depending on the limit of a single borrower (SBL)

No

Contacts

Full company name Armed Forces and Police Savings & Loan Association
Address AFPSLAI Building, Capinpin Avenue, Camp Aguinaldo, EDSA cor Col Bonny Serrano Road, Quezon City 1110.
Phone number (02) 8911-2032 local 2502.
E-mail info@afpslai.com.ph.
Social networks

AFPSLAI is a private, non-stock anf non-profit savings and loan association established and registered with the Securities and Exchange Commission (SEC) in 1972.
Supervised by the Bangko Sentral ng Pilipinas, AFPSLAI aims to promote industry, frugality and savings among its members from the AFP, PNP, BFP, BJMP and their civilian employees.

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Reviews

1 month ago

withdrawal of savings

my partner is in u.s.a but he now wants to withdraw his savings in you . how would he do that and what are the requirements needed if he will use a representative. please reply thank you

5 months ago

Helped me a lot!

I was very pleased and great to work with him, and I learned so many things that will help me in the future.

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