AFPMBAI Housing Loan

Hello sir, I am Jackie Bruce. I am from Manila. I want you to help me by giving me some information about the Armed Forces and Police Mutual Benefit Association Inc (AFPMBAI) housing loan,. Can you help me?

[Shaleen]

As you have asked about the Armed Forces and Police Mutual Benefit Association Inc (AFPMBAI) housing loan, I am giving you information about it, check below for the details

PAYMENT TERMS:

Age Bracket Max Term of Loan

25-45 20 years
46-59 65 Less age of barrowers

Loan Bracket
Interest Rate per Annum

P200,000 and below
5.5%

Over P200,000 to P500,000
8%

Over P500,000 to P1M
9%

Over P1M to P3M
10%

Over P3M to P5M
11%

Requirements for automatic payroll deduction

Processing fee
Latest original pay slip
Appointment order (civilian employees)
Photocopy of a government issued ID

Additional requirements

Latest business permit
Latest ITR and/or Business Tax Receipts/Audited Financial Report/Income Statement
Certificate of Income, duly notarized
Certificate of Employment of the borrower (from employment other than as serviceman)also indicating the salaries/allowances and payslip
Certificate of Employment of the spouse also indicating the salaries/allowances and payslip