The AFPSLAI Cash Loan, or the Capital Contribution and Savings Deposit Hybrid Loan, is one of the loan programs offered by AFPSLAI designed to help its Regular and Associate members gain access to financial assistance. Unlike traditional loans, it uses the member’s existing deposits such as Capital Contribution, Savings Deposit, or Time Deposit as collateral, making it particularly beneficial for members of the Armed Forces of the Philippines (AFP), the Philippine National Police (PNP), and other uniformed personnel who are AFPSLAI members. It also comes with a simple application process, flexible terms, competitive interest rates, and easy payment methods, making it a reliable way for members to cover personal expenses, manage financial obligations, or fund important projects and maximize the value of their savings.
Whether for emergencies, education, home needs, or personal projects, this loan program offers financial support with convenience and security, this guide should help make it easier for you to get the benefit as it explains everything you need to know about the AFPSLAI Cash Loan, its coverage, eligibility, purpose, benefits, and the step-by-step process on how to apply.
Purpose and Goals
The goal of the program is to support the financial needs and to give access to funds to the uniformed personnel and other qualified members for their immediate and long-term needs, while keeping the loan practical, dependable, and affordable through low interest rates and flexible payment terms. Aside from that, it was designed to provide:
- Accessible financing for AFP, PNP, and uniformed personnel
- Flexible repayment terms with affordable rates
- Convenient payments via automatic deduction
- Safe borrowing backed by deposits instead of additional collateral
Scope and Coverage
The AFPSLAI Cash Loan is available to:
- Regular and Associate Members of AFPSLAI
- Members who have balances in their own deposit accounts or in co-owned accounts (with consent of co-depositor)
- Members from AFP, PNP, and other eligible groups under AFPSLAI membership
This program can be used to finance a wide range of needs such as emergency expenses, education, home improvement, business capital, or debt consolidation.
Loan Features
The loan product offers the following features:
Maximum Loanable Amount
- Up to 95% of available balance in Capital Contribution, Savings Deposit, or Time Deposit account
Loan Terms and Interest Rates
- 12 months – 5.80%
- 24 months – 6.62%
- 36 months – 6.85%
- 48 months – 7.10%
- 60 months – 7.25%
Note: For 6-month or 18-month loan terms, the rate of the next higher term will apply.
Mode of Payment
The loan is expected to be paid as follows:
- Automatic offsetting from Capital Contribution / Savings Deposit balance every 27th of the month
Who Can Avail
The loan program is open to the following individuals:
- Active and retired members of the Armed Forces of the Philippines (AFP)
- Active and retired members of the Philippine National Police (PNP)
- Uniformed personnel from other government agencies covered under AFPSLAI membership
- Regular Members of AFPSLAI with existing deposit balances
- Associate Members of AFPSLAI with deposit accounts, provided their account can be used as collateral
- Co-depositors who agree to use their shared accounts as loan collateral
Eligibility
To qualify for the loan product, you must be:
- A Regular or Associate Member of AFPSLAI
- An account holder with available balances in Capital Contribution, Savings Deposit, or Time Deposit accounts (principal or co-owned)
Requirements
Applicants must submit the following:
- Duly accomplished Loan Application Form
- Copy of Passbook(s) to be used as collateral
- Valid government-issued photo ID or AFPSLAI ID of the borrower
- For co-owned accounts: copy of co-depositor’s valid ID
How to Apply for the AFPSLAI Cash Loan
Once the requirements are ready, here’s how you apply for the loan product:
Step 1. Prepare the Requirements
Fill out the application form, gather your passbook(s), and prepare valid IDs.
Step 2. Submit Your Application
Visit the nearest AFPSLAI branch and file your loan application.
Step 3. Collateral Review
AFPSLAI will verify your deposit accounts to determine the loanable amount.
Step 4. Approval and Release
Once approved, the loan proceeds will be credited, and monthly amortizations will automatically be deducted.
Cost and Processing Timeline
When applying for the AFPSLAI Cash Loan, members can expect to pay only the interest charges based on the chosen loan term, with no additional hidden fees since the loan is secured by existing deposits. Processing is usually quick, as applications are verified against available account balances and approved once requirements are complete. Loan proceeds are typically released within a few working days after submission and validation.
Using the Cash Loan Calculator
AFPSLAI also provides an online calculator to help members estimate their loanable amount and monthly amortization.
- To compute monthly amortization:
- Enter your desired loan amount
- Select the number of years for payment
- Click Compute
- To compute loanable amount:
- Enter your preferred monthly amortization
- Select the number of years for payment
- Click Compute
Reminder: The calculator gives only an indicative result. For actual figures, you will need to visit any AFPSLAI branch.
Frequently Asked Questions (FAQs)
For your reference, here are some common questions and answers regarding the AFPSLAI Cash Loans:
1. How many CASH Loans can a member avail of?
You can avail as many loans as your account collateral can cover.
2. What accounts can be used as collateral?
Capital Contribution Account (CCA-001), Savings Deposit Account (SD-002), SD Remittance Account (SD-016), and Time Deposit Accounts.
- Default payment source is SD-002
- If balance is insufficient, offsetting follows this order:
- Other SD accounts (SD-002, SD-016)
- CCA-001
- Designated co-owned collateral account
3. Can I use a co-owned account as collateral?
Yes, but this requires the prior consent/signature of the principal account owner.
4. When will monthly amortization be deducted?
On the 27th of every month after receipt of loan proceeds.
5. Can I pay the loan in full before maturity?
Yes. Early payment is allowed without pre-termination fees.
6. Are over-the-counter payments allowed?
Only for full settlement of the loan. Partial payments are not allowed.
7. Is this loan covered by Credit Redemption Insurance (CRI)?
No, since the loan is backed by deposits, CRI is not required.
8. Can the loan be renewed before maturity?
Yes, but only after paying at least 20% of the original loan balance
Video: AFPSLAI Cash Loan
The AFPSLAI Cash Loan (Capital Contribution and Savings Deposit Hybrid Loan) is a reliable financial solution tailored for AFP, PNP, and other AFPSLAI members. With flexible terms, competitive rates, and deposit-backed security, it provides an easy way for uniformed personnel to access funds without the burden of traditional loan requirements. Whether for emergencies, education, home needs, or personal projects, this loan program offers financial support with convenience and security. Learn more by watching this video below:
Contact Information
For inquiries and feedback, you may reach AFPSLAI through:
- Consumer Assistance Group: (02) 8911-8364
- Any AFPSLAI branch office
- Email: info@afpslai.com.ph
For more details and forms, visit the official website: AFPSLAI.