NEWS & PROMOTIONS

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Wipeout Loan Promo

Promo Period: September 16, 2020 to December 31, 2020

Promo Mechanics:

1. This promo is open to any member who will avail of a qualified loan account during the promo period. Qualified loan products are as follows:

     a. Salary/Emergency/Excess Salary Loans                      

         Min. Amount: Php 150,000                                                   

         Min. Term: 2 years                                                               

     b. Pension/Other Pension/Additional Pension Loans

          Min. Amount: Php 200,000

          Min. Term: 2 years

2. Any loan cancellations on or before the intended raffle draw date shall be disqualified in the promo. Further, members with past-due accounts and loan accounts that went past-due during the  promo period are automatically disqualified.

3. Qualified members earn one (1) eRaffle entry for every one (1) eligible loan account availed during the promo period. Members can earn as many raffle entries as they can provided, that each entry meets the required minimum requirement.

4. Raffle Prizes

     The balance of the winning loan entry will be paid off depending on the prize category as follows:

 

Prize Category Raffle Prize    Number of Winners
Grand Prize 100% of the loan account's outstanding balance 1 from NCR
    2 from Luzon
    2 from Visayas
    2 from Mindanao
2nd Prize 50% of the loan account's outstanding balance* 18 Nationwide
3rd Prize 25% of the loan account's outstanding balance*  34 Nationwide
                                                                                  TOTAL 59 Winners 

          *The 50% or 25% pay-off on outstanding balance shall be applied to the latter part of the loan term.

 

5. A member can only win once. If the member is drawn twice, the member will take on the prize with the higher value.

6. All other expenses related to the pay-off of the loan shall be shouldered by PSSLAI.

7. Winning entries will be drawn electronically during the Annual General Membership Meeting on January 2021 at the PSSLAI Head Office.

8. Winners shall authorize PSSLAI to disclose and publish his/her name and other particulars in the official PSSLAI website and other social media pages.

9. Winners will be notified via their email address, mobile, landline number as indicated in their membership cards.

10. The prize is not convertible to cash.

11. PSSLAI employees, officers, and trustees are not eligible to join in the raffle.

Premium Back-to-Back Loan Promo is Back!

Promo Period: August 3 to 31, 2020   EXTENDED UNTIL SEPTEMBER 30, 2020

Promo Mechanics:

1. Promo is open to all members of the Association with available and sufficient account balance that can be used as collateral for the Back-to-Back (BTB) Loan.

                Interest Rate:                              5.95% per annum             

                Minimum Loan Amount:         Php 500,000    

                Loan Term:                                 Minimum of 1 year to Maximum of 2 years                                            

2. Back-to-Back (BTB) promo rates are applicable to NEW Premium BTB loan variant with monthly payment on principal and interest availed by members with available account balance that can be used as BTB collateral.

3. Availed BTB accounts with promo rates are NON-RENEWABLE using the same rate but can be UPGRADED to other BTB variants with higher interest rate provision.

4. Members can avail multiple BTB accounts with promo rates provided that their account balances are sufficient to be used as collateral.

5. Only new BTB borrowings shall be qualified for the promo rates. Pre-termination of existing BTB loan accounts to avail the BTB promo rates shall not be allowed.  Further, consolidation of existing BTB loan accounts to avail the BTB promo rates is also not allowed.

6. Consolidation of an existing BTB with promo rates together with other BTB accounts shall be allowed provided that the BTB loan account with higher interest rates shall prevail.

7. Not qualified for the Libreng Cellphone sa Bagong Taon Promo.

 

Inquire at https://www.psslai.com/loan-application-inquiry/ or visit any PSSLAI Office near you.

 

Promo Period: January 2, 2020 onwards

Promo Mechanics:

1. Promo is open to ALL Qualified PSSLAI Members

2. Qualified loan products for the promo are as follows:

                a. Salary Loan (SL)              

                b. Emergency Loan (EM)     

                c. Universal Loan (upgraded to SL or EM)                 

                d. Affordaloan (upgraded to SL or EM with additional amortization from nthp)                                    

                e. Back-to-Back Loans (BTB)

                f. Pension Loan (PL, AP, OP)

3. Qualified loan products for the promo with their parameters are as follows:

                a. New SL, EM, PL, AP or OP loan accounts with minimum loan amount of Php 275,000 AND loan terms of 3 to 5 years.

                b. Renewal SL, EM, PL, AP or OP loan accounts with minimum loan amount of Php 275,000, loan terms of 3 to 5 years AND must have paid at least the following minimum payments to qualify:

                     1. For 3 year loan term - 14 months worth of payment

                     2. For 4 year loan term - 19 months worth of payment

                     3. For 5 year loan term - 26 months worth of payment

                c. Universal Loan (AS) accounts that are upgraded to either an SL or EM with a minimum amount of Php 275,000 AND loan terms of 3 to 5 years.

                d. Affordaloan (with additional amortization from nthp) to reach the minimum amount of Php 275,000 AND loan terms of 3 to 5 years.

                e. New BTB loan accounts with minimum amount of Php 500,000 AND minimum loan term of six (6) months.

                f. Renewal BTB loan accounts with additional Php 500,000 from the original loan amount AND term of (6) months.

4. The promo is on a per loan account basis. Hence, a member can avail 1 SL and 1 EM account to get two (2) Libreng Cellphone, provided that the corresponding loan account qualifications are met ( loan type, loan amount, and loan term).

5. If the member cancels or terminates the loan account prior to its maturity, the full amount of the cellphone shall automatically be charged to the member or deducted from any of their accounts maintained in PSSLAI.

6. The Libreng Cellphone is non-convertible to cash and is not for sale by PSSLAI.

7. All Libreng Cellphones can be claimed at PSSLAI Head Office, Camp Crame Branch or at any PSSLAI Satellite Offices Nationwide.

8. A qualified member-borrower can authorize a representative to claim their Libreng Cellphone provided that the following documents are presented. viz:

                 a. Original and signed authorization letter from the qualified member-borrower

                 b. Photocopy of the member's PSSLAI ID or any government-issued ID with three (3) specimen signatures

                 c. Photocopy of the authorized representative's valid ID with three (3) specimen signatures