Promo Period: June 16, 2020 to July 16, 2020
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/ of visit any PSSLAI Office near you.