Buy-Out Loan

Live a worry-free life by paying off your outstanding debts to other lending/ financial institutions and easily monitor and pay-off all your loans at PSSLAI! Enjoy lower rates at flexible terms!

Features

    • Guaranteed low interest rates
    • Fast processing of loan approval
    • Flexible payment terms (up to 60 months/5 years)
    • Loan up to 12 months Regular Salary (plus Capcon Deposits and Savings with PSSLAI)

Requirements

  •  PNP
    • Outstanding Loan Balance from other lending institution/s
  •  BFP
    • Recent Duty Status
    • Certificate of Non-Pending Case
    • Outstanding Loan Balance from other lending institution/s
    • Retiree ID
  • NAPOLCOM AND PPSC
    • Two (2) Recent Payslips
    • Certificate of Employment and Compensation
    • Certificate of Non-Pending Case
    • Outstanding Loan Balance from other lending institution/s

Charges

  • Insurance based on Board approval
  • Documentary Stamp tax: Php1.50 for every Php200 for loans above Php250,000
  • Php250 Buyout charge per Financial Institution