Please note that ONLY FULLY PAID PLANHOLDERS are eligible to apply for a loan. The amount that can be borrowed will depend on the type of plan and the effectivity date of the plan.
For loan application, please submit the following documents to our St. Peter Life Plan Branch nearest to your location Mondays thru Saturdays from 8am to 5pm. Our Branch Manager and staff will be glad to assist you.
· Duly Signed Loan Application Form and Deed of Assignment (to be provided at the Branch)
· Original Copy of Certificate of Full Payment
· Photocopy of Two (2) valid ID's
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Loan Terms:
- Interest Rate: 1.5% per month, deducted in advance. (Terms at your convenience from 1-12 month)
- One-time Service Fee: P200 payable upon application.
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Late Payment Policy:
- Late payments incur a 2.5% penalty per month or fraction thereof, cumulatively added to the principal balance until the loan is fully settled.
Important Note: The computation of the loanable amount and the amortization schedule will be provided at the branch.