Emergency Loan

ELIGIBILITY:

FEATURES:

• The maximum loanable sum of ₱1 million
• Term of Loan: 6 to 60 months
• Calculated in accordance with each branch of service’s minimum need for net-take-home pay (NTHP)
• Subject to Single Borrower’s Limit (SBL)

REQUIREMENTS:

same to those for salary, pension, and multipurpose loans

INSTRUCTIONS:

• Enter the desired loan amount to calculate your monthly amortization.
• Choose the duration of time you want your loan to be amortized.
• To find out your monthly amortization, click “COMPUTE,” and to clear entries, click “RESET.”

To find out how much credit you qualify for:

• Enter the monthly amortization you desire.
• Choose the amount of time you want your loan to be amortized.
• To calculate your loan amount or to clear entries, click “COMPUTE” or “RESET.”

Please be aware that the above calculation is only indicative. For precise information, contact us or come to the AFPSLAI branch that is closest to you.

Procedures

Application at the Branch Office

• The borrower provides LAF and specifications.
• The loan specialist moves on with the processing of the loan (new or renewal) if the provided papers meet all the requirements.
• After the loan has been approved, the borrower goes to the releasing or telling section to arrange for the release of the loan funds into cash, a savings deposit account (SD-02), or a remittance facility.
• The loan funds are given to the borrower.
• The loan Release is signed by the borrower.

Online Application

• Visit the AFPSLAI website as the borrower and choose the e-Application tab before selecting the e-Loan Application.
• The borrower submits the online application and receives a reference number.
• The resulting form is printed and saved by the borrower.
• The borrower goes to the branch office of their choice to turn in the completed loan application and necessary documents.
• The loan is processed by a lending specialist.
• After the loan has been approved, the borrower goes to the releasing or telling section to arrange for the release of the loan funds into cash, a savings deposit account (SD-02), or a remittance facility.
• The loan funds are given to the borrower.
• The loan Release is signed by the borrower.

FAQs:

AFPSLAI’s stability?

The total assets of the AFPSLAI Loan as of the end of December 2020 are PHP 126.56 billion. Capital contributions and savings deposits are securely reinvested in national government assets at top BSP-accredited banks. Based on its yearly income accomplishment, AFPSLAI has continuously announced dividend rates that are competitive.

Are there any membership fees for eligible candidates?

We do not charge membership dues, however, the opening of a Capital Contribution Account requires a non-refundable payment of Php 1,000. (CCA). Additionally, new members will receive a free AFPSLAI ID.

What can I offer to support my membership application if I don’t have an AFP/PNP ID?

A statement stating that a certain ID is being processed may be accepted in place of an AFP/PNP ID. The designated/approved Finance Office Head or his/her authorized representative must properly sign the certification.

Am I able to join at once?

Yes, provided that all conditions for the membership are met.

I used to be a subscriber. Can I rejoin as a member?

Yes, as long as you continue to meet the requirements outlined in our current Membership By-laws, AFPSLAI will admit you back as a member. The prerequisites are the same as those for new members.

Why do I need to update my AFPSLAI ID, signature card, and/or membership information?

In accordance with BSP laws, the following are among the AFPSLAI policies for updating papers and records:

• a need for revision every three (3) years
• Personal information changes (e.g. civil status)
• Changes to the member’s signature resulting from physical circumstances, such as a change in home location, rank, or contact information

My passbook and AFPSLAI ID are missing. What ought I do?

Go to the closest branch office and bring the following with you:

• Affidavits of Loss in two copies, each fully attested by a Notary Public
• At least three (3) legitimate IDs and photocopies of each (front and back)
• a pair of 1×1 ID photos (to be attached to the notarized Affidavit of Loss)
• A 100 PHP replacement ID charge
• A Php 50 replacement passbook charge

(Note: The member’s photo should not include any headgear or spectacles)

What kind of identification is recognized as legitimate?

The following are recognized as legitimate IDs in accordance with the Anti-Money Laundering Act (AMLA) and BSP Circular No. 706:

• Including those granted by foreign governments, passport
• driving permit
• PRC ID NBI authorization
• Police approval
• Voter identification issued by the government Postal identification
• Barangay approval
• eGSIS card
• UMID/SSS Senior Citizen ID OFW/OWWA ID
• Alien in Seaman’s Book Government office certification of registration/immigrant certificate of registration, and GOCC ID (e.g. AFP, HDMF, etc)
• NCWDP DSWD Certification certification
• Private organizations or institutions that have been accredited, overseen, or subject to regulation by the BSP, the Security and Exchange Commission (SEC), or the Insurance Commission have granted IBP ID Company ID (IC)