Loan Assistance for Professionals (LAP) Loan

A consumer loan product offered to government and selected private employees under Memorandum of Agreement through salary deduction with local government agencies or private corporations. Loans can be provided to any qualified person who is in need of affordable financial assistance to defray personal necessities.

TARGET MARKET

  • Government
  • Quasi-Government
  • Private Office Employees

INTEREST RATE

Avail for as LOW as 1.4% to 1.8% per month, diminishing! (depending on MOA executed per institution)

CLIENT ELIGIBILITY CRITERIA

  • Age
    • Elected Officials
      • 18 – 65 years old and must be physically fit
      • Exit age: 68 years old
    • Regular Employees (including co-terminus)
      • 21 – 60 years old and must be physically fit
      • Maturity date must be before age 60 of client
  • Must be a regular employee
  • Duly appointed co-terminus employee
  • or duly elected public officials
  • Not a defendant of a pending case (based on investigation)

REQUIREMENTS

  • Three (3) months prior pay slip (original)
  • Latest remuneration
  • Appointment (photocopy) (for non-elected officials)
  • Valid ID (photocopy) & Cedula (with 3 specimen signatures)
  • 2 co-makers
  • Oath of office (for elected officials and co-terminus employee)
  • Certificate of Canvass (for elected officials and co-terminus employee)
  • Certificate of Employment (for non-elected officials)
  • 3 pcs. 2 x 2 ID Picture (recent)