Savings
Loans

COMMUTATION Loan

Special loan product for retiring members from the Philippine Navy

APPLY

11% TOTAL CHARGES

Inclusive of DST, interest, processing fee and documentation fee

MAximum 1 year TERM

Payable in one (1) year. Full payment in advance eligible for interest rebates.

MODE OF PAYMENT

Automatic Deduction from
Commutation Proceeds

PHilippine Navy

Retiring Philippine Navy
Personnel Only

Requirements

  • Retirement Order (Showing the number of days unused leave)
  • Duly accomplished commutation loan application form
  • Commutation of leave order/monetization of leave credits
  • Authorization to debit account

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 Air Materiel Wing Savings and Loan Association, Inc. is authorized by the Bangko Sentral ng Pilipinas.
You may contact the BSP – Financial Consumer Protection Department (FCPD) at (02) 8708-7087 or consumeraffairs@bsp.gov.ph
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Loan Application Inquiry

This online loan application inquiry does not replace the standard loan application form to be accomplished by member.  Applicants still need to accomplish a loan application form with specimen signatures and other information needed to complete the loan application process.  Our customer service shall contact applicants on the status of their application.

SAVINGS APPLICATION INQUIRY

This online savings application inquiry does not replace the standard savings application form to be accomplished by member.  Applicants still need to accomplish a savings application form with specimen signatures and other information needed to complete the savings account application process.  Our customer service shall contact applicants on the status of their applications.