PENSION Loan
Exclusively for Armed Forced of the Philippines (AFP) and Philippine National Police (PNP) Retirees
Pension Loans Tailored for AFP and PNP Retirees
AMWSLAI’s pension loan options are thoughtfully crafted for retired heroes like you—offering competitive rates that suit your fixed income, a hassle-free application process for your convenience, and swift approvals to address urgent financial needs Whether you’re managing unexpected expenses, funding meaningful pursuits, or securing a more comfortable retirement, AMWSLAI provides dependable financial support when it matters most.
ECONO
- Simple Interest Rate: 6.34% - 7.55%
- Effective Interest Rate: 14.71% - 14.84%
- Loan Limit: ₱650,000.00
- Terms: 12, 18, 24, 36, 48 & 60 Months
- Model of Payment: Pension Deduction
- Availment: Ist Loan (Ages 65 and Below); 1 Per Member
- Renewal: One Time Renewable
- Retention Incentive up to ₱3,500
CHARGES
- Documentary Stamp Tax: ₱1.50 per ₱200 for loan amount exceeding ₱250,000
- Credit Redemption Insurance: 1.744% - 7.971%
MULTI-PURPOSE
- Simple Interest Rate: 6.62% - 8.26%
- Effective Interest Rate: 12.28% - 16.35%
- Loan Limit: ₱650,000.00
- Terms: 12, 18, 24, 36, 48 & 60 Months
- Model of Payment: Pension Deduction
- Availment: Up to six availments
- Renewal: Renewable
- Retention Incentive up to ₱3,500
CHARGES
- Documentary Stamp Tax: ₱1.50 per ₱200 for loan amount exceeding ₱250,000
- Credit Redemption Insurance: 1.744% - 7.971%
Requirements
- Latest AFP Pensioners ID
- Valid government issued ID or AMWSLAI ID
- Retirement Order
- Certificate of Pension (new pensioner only)
Additional requirements for Survivor
- Death Certificate
- Marriage Certificate (PSA Copy)
- Cenomar (for 60 years old and below)
Additional requirements for Buyout:
- Certificate of Loan Balance
- Official Receipt (must be marked “fully paid”) or Certificate of Full Payment
- Latest PNP Pensioners ID
- Valid government issued ID or AMWSLAI ID
- Retirement Order
- PRBS Online Update
Additional requirements for Transferee
- Death Certificate
- Marriage Certificate (PSA Copy)
- Cenomar (for 60 years old and below)
- Notarized Undertaking with Authority to Debit Account
Additional requirements for Buyout:
- Certificate of Loan Balance or Latest Loan Balance Verification Slip
- Official Receipt (must be marked “fully paid”) or Certificate of Full Payment
