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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

AFPSLAI

Advertiser Disclosure

About bank

AFPSLAI — Armed Forces and Police Savings & Loan Association, Inc. — is a private, non-stock and non-profit financial institution. It was established and registered with the Securities and Exchange Commission (SEC) in 1972, and regulated by the Bangko Sentral ng Pilipinas.

AFPSLAI mission is to promote industry, frugality and savings among its 587,000 members from the Armed Forces of the Philippines (AFP), Philippine National Police (PNP), Bureau of Fire Protection (BFP), Bureau of Jail Management and Penology (BJMP) and their civilian employees. It has 33 branches and 52 satellites.

AFPSLAI offers products and services such as: deposit accounts, loans for any purpurpose and mobile banking.

Features

  1. A private financial institution tailored for not only members of AFP, PNP, BFP and BJMP, but also for their widows/widowers and orphans, retired, honorably discharged members, and permanent civilian employees. Legitimate spouses, children over 21 of Regular Members can become Associate Members.

  2. Members aren't charged any membership fees and are provided with AFPSLAI ID for free. But to open the Capital Contribution Account (CCA) you will need to deposit Php 1,000.

  3. As a non-bank financial institution AFPSLAI re-deposits funds to BSP regulated banks and makes efforts to provide the best dividend rates based on its yearly income attainment. Dividends may be tax free.

Products

  1. Capital contribution account is a deposit with higher dividends than commercial banks may offer, no taxes. Annual dividend rate is announced when the audited financial statements are completed. You can't deposit more than the maximum balance of Php 3 Million.

  2. Savings Deposit Account, Savings Deposit Remittance Account and Time Deposit Account are an alternative for those whose CCA has already reached the limit. Interest is calculated daily and posted quarterly.

  3. Savings Deposit Account interest rate is 3% annually, without taxes applied.

  4. Pension Account is made to receive pension through AFPSLAI and needed to apply for AFPSLAI Pension Loans. Interest rate is 3%, tax free.

  5. Emergency Loan lets all regular members borrow up to Php 1 Million for 6 — 60 months. A maximum loan amount is based on the monthly salary and AFPSLAI deposits amount.

  6. Vehicle Loan is available for all Regular and Associate Members of AFPSLAI from 21 to 64 years old. You may borrow up to 70% of the selling price of the vehicle, and must pay to the dealer at least 30%. Loan terms are 1 — 6 years.

  7. The AFPSLAI Mobile App allows you to access the real-time balances of your deposit and loan accounts, apply for loans and open a new savings deposit account. Pay attention that to complete these operations you should visit the branch. The app is available every business day from 7:00 AM to 7:00 PM, except on holidays and weekends.

Services

  1. Deposits with different divided rates, maximum balance and conditions for Regular and Associate members. If your minimum maintaining balance is less than Php 1,000 your account will be terminated. Savings Deposit Account's minimum maintaining balance is only Php 100, and no maximum limit is set.

  2. Lending services provide a wide range of loans from emergency loans to real estate and vehicle loans, AFPSLAI members also may apply for business, cash and salary loans, if they qualify.

  3. Special services available for AFPSLAI nembers: Assistance to Lift Member’s Survivor designed for the family of the deceased AFPSLAI members, Automatic Payroll Deduction for CCA, PensionExpress which allows withdrawal of pension through ATM, Expected Dividend Advance, U-Remit and InstaCredit, which allows members to claim their loan proceeds or cash withdrawal via UCPB Branches or other bank accounts or Rizal Commercial Banking Corporation (RCBC).

Pros and cons

Pros

  • Reputable association

  • Supervised by Bangko Sentral ng Pilipinas

  • No membership fee

  • Can apply for a membership and a loan online

  • Available for member's spouses and children

  • Can use mobile app

  • Highest tax free dividends with CCA

  • A great choice of loans

Cons

  • Limited circle of members

  • Have to update membership every 3 years

  • Should prove income

  • Mobile app functions and access time are limited

  • Regulated maximum and minimum balance amounts

  • Can't apply for Savings accounts online

  • Minimum down payment is 30%

AFPSLAI

Reviews

FAQ

Is AFPSLAI legit?

AFPSLAI is an abbreviation from Armed Forces and Police Savings & Loan Association, Inc. which is a private association for the members from the police, armed forces, fire protection and jail management. It was founded in 1972 and fully monitored by the Bangko Sentral ng Pilipinas. The association has Php 132.75 B in total assets.

How could I contact AFPSLAI?

You may visit one of the 33 AFPSLAI branches, mail or phone there. Also you may visit a Head Office, call at (02) 8911-2032 local 2502 or mail to the Consumer Assistance Group at 3F Corporate Affairs Division, AFPSLAI Building, Capinpin Avenue, Camp Aguinaldo, EDSA cor Col Bonny Serrano Road, Quezon City 1110. You may also e-mail at info@afpslai.com.ph

How to open an AFPSLAI Savings account?

To apply for a Savings Deposit Account you should be an AFPSLAI member. Fill out an Account Opening Form at the Membership Section, get your SDA pass book and deposit the minimum maintaining balance of the Php 100 at the Teller Section.

Company documents

Privacy Policy

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.

© Armed Forces and Police Savings & Loan Association, Inc.

Financial products

AFPSLAI
Back-to-Back Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from ₱10,000
Term
i

Loan term for the financial product

up to 365 days
AFPSLAI
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱30,000-₱300,000
Rate
i

Effective interest rate on the product

up to 2.79% per month
Term
i

Loan term for the financial product

up to 36 months
AFPSLAI
Commutation Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Term
i

Loan term for the financial product

up to 12 months
AFPSLAI
Calamity Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱200,000
Term
i

Loan term for the financial product

up to 24 months
AFPSLAI
PVAO Pension Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from ₱25,000
Term
i

Loan term for the financial product

up to 60 months
AFPSLAI
Emergency Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱1,000,000
Term
i

Loan term for the financial product

up to 60 months
AFPSLAI
Salary / Pension / Multi-Purpose Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱1,500,000
Term
i

Loan term for the financial product

up to 60 months
AFPSLAI
Real Estate Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱6,000,000
Term
i

Loan term for the financial product

up to 20 years
AFPSLAI
Pre-Owned Vehicle Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱200,000-₱1,200,000
Term
i

Loan term for the financial product

up to 60 months
AFPSLAI
Vehicle Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱200,000-₱1,200,000
Term
i

Loan term for the financial product

up to 72 months
AFPSLAI
Business Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱300,000-₱5,000,000
Term
i

Loan term for the financial product

up to 60 months
AFPSLAI
Pension Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

3% per annum
AFPSLAI
Time Deposit Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

₱1,000-₱5,000,000
AFPSLAI
Savings Deposit Remittance Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from ₱1,000
Rate
i

Effective interest rate on the product

5% per annum
AFPSLAI
Savings Deposit Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from ₱100
AFPSLAI
Capital Contribution Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from ₱1,000
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