BIGGEST NET PROCEEDS
SCOPE AND DURATION
- The promo duration is from May 24, 2023 to August 31, 2023 in all AFPFC MPC office including liaison officers.
LOAN
- Term - Applicable to 12 to 60 months.
- Loan Type:
- Available to all loan types excluding short term loan/ Lumpsum loan
- Applicable only for New Members and New Loans
- Renewal of loans are status quo.
QUALIFICATION
- New Member Loan - All persons eligible to become member-borrowers of the AFPFC MPC:
- AFP Military Personnel
- AFP Pensioner
- AFP Civilian Human Resource
- New Loan - All members of AFPFC MPC eligible to loan
INTEREST RATE
- Decrease of 10% in interest rate
INCREASE IN NET PROCEEDS
- For ages 45 and below, no insurance coverage
- For New Member (with membership fee of Php200 and Capital Contribution of Php5,000)
PRE-TERMINATION
- Those who pre-terminate their existing loan in the promotion period are not qualified for the promo.
- Those who avail the loan promo will not be eligible to pre-terminate their existing loans during the promo period.
- Pre-termination defines as full payment of loan before the end of the loan term/ maturity date.