How to Apply for AFPSLAI Real Estate Loan

For members of the Armed Forces and Police Savings and Loan Association, Inc. (AFPSLAI) who are dreaming of owning their own home, improving their property, or refinancing their current housing loan, the AFPSLAI Real Estate Loan (REL) program is one of the most affordable and reliable ways to make it happen. With low-interest rates, long payment terms, and a member-friendly process, this program gives AFPSLAI members the opportunity to build or own their ideal home without unnecessary financial stress.

Whatever kind of membership you have, and regardless if you are in active service, a pensioner, or an associate member, this guide explains — in simple and clear steps — how to apply for the AFPSLAI Real Estate Loan, who can apply, what you need to prepare, and how to go about the process following the proper procedures.

Program Overview

The AFPSLAI Real Estate Loan is a special loan program designed to help qualified Regular and Associate Members of AFPSLAI to finance the purchase, construction, or improvement of their homes — or even refinance an existing housing loan. It offers low interest rates, flexible terms, and a simple application process, making it one of the most trusted home loan options for AFP, PNP, BJMP, BFP, PCG, and other uniformed personnel.

What Can You Use the Loan For?

The AFPSLAI Real Estate Loan can be used for any of the following purposes:

Acquisition of a house and lot or lot
Construction of a housing unit on a previously acquired lot
Purchase of a condominium unit
Improvement or completion of an existing home
Repair or renovation of an existing unit
Refinancing or loan take-out from another financial institution

Loan Terms and Amounts

Its features are as follows:

For Acquisition of a House & Lot or Lot

Loan Term: Up to 20 years
Loan Amount: Up to 70% of the property’s fair market value or based on your paying capacity (whichever is lower), maximum ₱6 million

For Construction of a Housing Unit

Loan Term: Up to 20 years
Loan Amount: Up to 70% of the house and lot’s fair market value or your paying capacity, maximum ₱6 million

For Acquisition of a Condominium Unit

Loan Term: Up to 10 years
Loan Amount: Up to 60% of the unit’s fair market value or ₱6 million, whichever is lower

For Improvement or Completion of a Unit

Loan Term: Up to 10 years
Loan Amount: Up to ₱1 million

For Repair or Renovation

Loan Term: Up to 10 years
Loan Amount: Up to ₱500,000

For Refinancing or Loan Take-Out

Loan Term: Up to 20 years
Loan Amount: Based on the outstanding balance, but not exceeding ₱6 million and within 70% of the property’s fair market value

Who Can Apply?

You are eligible to apply if you meet these criteria:

You are a Regular or Associate Member of AFPSLAI.
You are in good credit standing.
You have completed the required documents and proven your paying capacity.

List of Requirements

Here’s a complete list of documents that you need to prepare:

Main Requirements

Filled-up Loan Application Form and Promissory Note
One (1) 1×1 ID photo (latest)
Service ID/Pensioner ID and AFPSLAI ID
Marriage Contract (if married)
Certified True Copy of Tax Declarations
Copy of OCT/TCT/CCT (Title of the property)

Additional Documents by Uniformed Service

For Salary/Pension Deduction Payment Method

GHQ/AFP Members: Pension ATM card, Retirement Order, or Legal Beneficiary Declaration
PAF Members: Willingness to Re-enlist, Clearance, and Spouse Consent
PNP/BJMP Members: Certificate of Non-Pending Case and Duty Status
BFP Members: Certificate of Non-Pending Case and two government-issued IDs

Note: Other AFPSLAI-required documents (such as Authority for Inspection, Mortgage Contract, Fire/MRI, and CRI) will be handled by the branch. Any related fees will be charged to the borrower.

Step-by-Step Application Process

To apply, here’s what you need to do:

Step 1. Submit your Loan Application Form (LAF) and complete requirements to any AFPSLAI Branch.

Step 2. If documents are complete, the Loan Specialist will process your application.

Step 3. Your application will be endorsed for approval.

Step 4. Once approved, you’ll be asked to submit the loan release requirements.

Step 5. After compliance, your loan proceeds will be released to your account.

Where to Process the Application

Visit the nearest AFPSLAI Branch for submission of documents and consultation.

Frequently Asked Questions (FAQs)

For your reference, here are some common questions and answers regarding this loan product from AFPSLAI:

1. What fees are included in this loan?

The borrower will shoulder the Mortgage Fee, Insurance, and Appraisal Fee.

2. Can I use a property as collateral if it’s not under my or my spouse’s name?

No. The collateral must be under your name or your spouse’s name.

3. Is the loan covered by insurance?

Yes. It includes Credit Redemption Insurance (CRI) for borrowers below 65 years old, and Fire/Mortgage Redemption Insurance for property protection.

Tips Before Applying

For a smooth application process, make sure to keep these things in mind:

Check your eligibility: Make sure your membership and credit standing are updated.
Prepare your documents early to avoid delays.
Use the REL Calculator to plan your loan amount and term.
Consult with the branch Loan Specialist to clarify requirements based on your service category.
Keep your property title and tax declarations updated before applying.

Owning a home is one of the biggest dreams for many Filipino uniformed personnel — and with AFPSLAI’s Real Estate Loan, that dream is closer to reality.

Video: AFPSLAI eLoan Facility

You can also apply for this loan product online. To learn more about the process for applying for AFPSLAI loans online, you may check out this video below:

For more information, visit www.afpslai.com.ph or go to the AFPSLAI branch near you to start your Real Estate Loan application today.