Frequently Asked Questions

Why do I have surcharge?

You have surcharge on your loan either because your deduction is insufficient to cover your required monthly amortization or your deduction was stopped temporarily/permanently which therefore caused delay in the full payment of your loan.

Why do I have a P50.00 deduction?

The P50.00 deduction on your payslip is for your AMWSLAI Mutual Benefit Fund (MBF) which is compulsory to all members. You are covered by a death benefit in the amount of P50,000.00 until you reach the age of sixty-five (65) starting from the time you have paid six (6) monthly contributions and P200.00 administrative fee. The amount of P50.00 will continue to be deducted from your monthly salary for a period of ten (10) years or until you have paid the total contributions of P6,000.00 and administrative fee of P200.00 or a total of P6,200.00.

AMWSLAI MBF is coded on your payslip as "AMWSLAI CC" or may become part of the "AMWSLAI LOAN" deduction in the meantime that a separate code is being arranged with your finance center.

Can I renew my loan? How much loan can I avail?

You can renew your loan if you have already paid 30% of the gross amount of your existing loan. The maximum loanable amount is up to 12 times your total gross monthly pay. However this will also depend if your monthly salary can accommodate the required monthly amortization of the loan you are applying for.