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
- Special power of attorney (SPA)
- Payee's Landbank of the Philippines (LBP) account financial institution (LBP Harrison Plaza Branch only)
- Promissory Note
