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AFPSLAI personal loans for december 2022 in the Philippines

AFPSLAI
Get a personal loan at AFPSLAI. On 03.12.2022 there are 7 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 7

Updated:
19.10.2022
10:30
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
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
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
Submit your loan application online
Submit your loan application online

Take advantage of our loan selection system with a free credit check!

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
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
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
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

Calculate the loan payment in the Philippines

Your ideal cash loan with a free credit check in the Philippines is just a few clicks away.

Calculate the loan at AFPSLAI
Loan amount
i

Specify the desired loan amount

PHP
PHP
30000 ₱
1500000 ₱
Loan term
i

Specify the loan term for the calculation

months
days
6
60
Effective Interest Rate
i

Choose the interest rate on the loan

25 %
48 %

Interest rates on loans in the Philippines 

According to the guidelines for Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021, on the ceiling/s of interest rates and other fees charged by lending companies, financing companies, and their online lending platforms, the maximum nominal interest rate for unsecured loans is 6% per month (0,2% per day), and the maximum effective interest rate is 15% per month (0,5% per day). The caps apply to unsecured loans of no more than ₱10000 and payable within four months.

Online loan application in the Philippines

Loan amount
i

Enter the desired loan amount

1000 ₱
50000 ₱
Loan term
i

Specify the loan term for the calculation

5
60 days

You are able to pick a loan for free. You can receive money in: 15m

Online loan application
Your data is securely protected
Loan amount
0 ₱
Loan term
0 month
Loan commission
i

Here is the average overpayment on a loan based on data from lenders in the Philippines.

202

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Other types of loans

How to get a personal loan

Fill out your application
Fill out your application

On our website you can fill out a short application form for a loan.

Pass a credit check
Pass a credit check

We will offer you to check your credit score online for free.

Send your application online to the suggested companies
Send your application online to the suggested companies

After checking your credit rate, you will be able to send your loan application to the appropriate companies.

Wait for a response from the lender
Wait for a response from the lender

If necessary, the lender will contact you to clarify the details.

Get your loan!
Get your loan!

Get the money to your bank account, digital wallet or in cash.

Apply for a loan Your data is securely protected

DIGIDO
4
Margarita D
Margarita D
17.10.2022 at 12:26
The advantages of this app was good, they are very responsive and quickly answered you if you are able to get a loan or not.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
AFPSLAI personal loans for december 2022

The AFPSLAI personal loan is an unsecured loan that helps members fund short- or medium-term financial goals or emergencies. This loan product is primarily provided to the organization's retired and self-employed members. The loan is multipurpose, which means it may be used in various ways. Your loan money is available for the following uses:

  • For emergency expenses. If someone in your family is hospitalized, the money from this loan can be used to pay for hospital fees, prescriptions, and medical equipment.
  • For educational expenses. You may also use the loan proceeds to pay your children's tuition on time, saving you from having to issue promissory notes. You may also use it to buy your children's notebooks, books, and even toys.
  • For purchasing gadgets. If you want to buy the latest smartphone but don't have the necessary funds, the AFPSLAI personal loan can help. It will also help you purchase your new laptop for freelance employment.

This loan's amount goes from ₱30,000 to ₱300,000. Depending on the loan period, the yearly contractual/effective interest rate ranges from 29.33% to 47.54%. It also offers a monthly interest rate ranging from 2.39% to 2.79% for all borrowing periods. The length of the loans ranges from 12 to 36 months. The loan processing period ranges from three to five days, and the processing cost is unknown.

How to apply for an AFPSLAI personal loan?

Borrowers must follow the given steps below to apply for this loan.

  1. Visit any AFPSLAI branch closest to you and meet the loan specialist on getting there.

  2. Request a personal loan application form, complete it, and return it with all required documentation.

  3. The loan specialist will proceed with the loan procedure (new/renewal) if all required papers are supplied.

  4. The loan specialist will advise the applicant to allow 3-5 working days for notification of loan approval and release. Please keep in mind that the processing time is contingent on completing the credit inquiry.

  5. Following loan approval, the borrower will move to the releasing area/telling department to receive their loan funds in cash, a savings deposit account, or a remittance facility.

  6. The borrower must sign the loan release document for the loan proceeds to be released through a savings account. The teller must amend the savings deposit passbook before releasing it to the borrower. The loan proceeds will then be withdrawn from the borrower's savings account.

Main requirements

This loan is available to AFPSLAI associates and regular idle members who:

  • Are presently working and have a minimum of two years of continuous employment with their current company, or are self-employed professionals (accountants, architects, engineers, attorneys, or physicians).
  • Have no ongoing cases and are not seeking retirement or resignation.
  • Will not be above the age of 60 when the loan matures.

Documentary requirements

  • Fully completed PSBank flexi loan application form.
  • Photocopy of valid ID card:

    • Company ID

    • SSS ID card

    • GSIS ID card

    • PRC ID card

    • Driver's license

  • A photocopy of BIR form 2316 is required for employed borrowers.
  • Photocopy of BIR form 1701 for self-employed applicants with audited income statements with BIR certification for the last two years.

Pros and cons

Below are the pros and cons of the AFPSLAI personal loan.

Pros

  • There is no need for collateral or credit history checks in this loan.
  • The loan application approval and disbursement are speedy.

Cons

  • The loan application can only be made offline at any AFPSLAI branch.
  • The loanable amount is much lower compared to competitors.

How to repay the AFPSLAI personal loan?

This loan is only repaid through post-dated checks. Post-dating is accomplished by writing a check for a future date rather than the day the check was made. This is usually done with the aim that the check receiver will not cash or post the check until the future date specified. To repay your AFPSLAI personal loan, you make monthly installments for the duration of the loan until you have fully returned both the principal and the interest. Most of your monthly installments will be used to repay interest in the early years of the loan; however, as time passes, a more significant portion of your payments will be used to pay down the debt.

FAQ

Where can I use the AFPSLAI personal loan?

This loan has numerous functions. Borrowers may use the loan for whichever purpose they deem proper.

How much money can I borrow from the AFPSLAI personal loan?

Subject to approval, you can borrow up to ₱300,000 with an AFPSLAI personal loan. The minimum amount is ₱30,000.

Do I qualify for an AFPSLAI personal loan if I have been at my present company for one year and six months?

No, AFPSLAI personal loans demand a minimum of two years of continuous employment with your present company.

Is it necessary for me to find a co-maker before applying for an AFPSLAI personal loan?

Yes, an AFPSLAI personal loan requires a co-maker or co-makers.

What is the payment method for an AFPSLAI personal loan?

Post-dated checks are used to repay an AFPSLAI personal loan.