Re-Loan

About Re-Loan

Kung ikaw ay nakabayad na ng tatlong (3) buwan ng kumpletong monthly amortization para sa Personal Equity Loan (PEL) o Co-Borrower Loan (CBL), maaari ka nang makapangutang uli at mag-apply ng re-loan, kung saan ibabawas ang balanse ng dati mong utang sa proceeds ng inyong re-loan.

Eligibility

Maaaring mag-reloan ang mga miyembro na may existing Personal Equity Loan (PEL) o Co-Borrower Loan (CBL):

  1. Personal Equity Loan (PEL) – kailangang may three (3) months minimum payment para makapag re-loan.
  2. Co-Borrower Loan (CBL) – kailangang may six (6) months minimum payment para makapag re-loan.

Loan Amount

Maaring mag-loan ng “Same Deduction” o “Full Equity”:

1. Same Deduction – kung magkano ang monthly amortization ng dating loan, ganun din ang gagawing monthly deduction sa net pay para sa inyong re-loan, na maaaring bayaran ng parehong haba (same number of years) o mas mahabang loan period.

2. Full Equity – ang loan amount ay base sa years of service sa UP:

For members with less than 2 years of service in UP, the loanable amount is up to 75% of the Member’s Equity.

For members with at least 2 years but less than 4 years of service in UP, the loanable amount is up to 80% of the Member’s Equity.

For members with at least 4 years but less than 6 years of service in UP, the loanable amount is up to 85% of the Member’s Equity.

For members with at least 6 years but less than 8 years of service in UP, the loanable amount is up to 90% of the Member’s Equity.

For members with at least 8 years but less than 10 years of service in UP, the loanable amount is up to 95% of the Member’s Equity. 

For members with at least 10 years of service in UP, the loanable amount is up to 100% of the Member’s Equity.

Bisitahin ang Loan Calculator sa ating UPPF Portal para malaman ang inyong loanable amount. Tandaan na ang magiging final approved loan amount ay depende pa rin sa net take-home pay na gagamiting basehan sa pag-compute ng inyong monthly amortization. Kailangan ding may maiwan na at least P5,000 sa inyong net take-home pay, base sa patakarang pinaiiral ng Department of Budget and Management (DBM).

Interest Rate

  • 12% per annum (p.a.) for PEL with loan period of 1-3 years
  • 13% per annum (p.a.) for PEL with loan period of 4-5 years
  • 16% per annum (p.a.) for CBL with loan period up to three (3) years

Requirements

Personal Equity Loan

  1. PEL Loan Info Slip (download below or fill out online in the UPPF Portal)
  2. Copy of two (2) months most recent UP payslip
  3. Copy of UP Employee ID or any valid government-issued ID (driver’s license, passport, GSIS UMID, Philhealth, etc.)

Co-Borrower Loan

  1. CBL Loan Info Slip (download below or fill out online in the UPPF Portal)
  2. Copy of two (2) months most recent UP payslip (borrower and co-borrower)
  3. Copy of UP Employee ID or any valid government-issued ID (driver’s license, passport, GSIS UMID, Philhealth, etc.).

Forms

PEL Loan Info Slip

Download

CBL Loan Info Slip

Download

CBL Loan – Non-Negotiable Promissory Note w/ Deed of Assignment

Download

Loan Application process for the following loan products

Personal Equity Loan

Ang proseso ng re-loan para sa Personal Equity Loan (PEL) ay kapareho ng proseso sa regular PEL application.

Personal Equity Loan

Ang proseso ng re-loan para sa Personal Equity Loan (PEL) ay kapareho ng proseso sa regular PEL application.

Co-Borrower Loan

Ang proseso ng re-loan para sa Co-Borrower Loan (CBL) ay kapareho ng proseso sa regular CBL application.

Co-Borrower Loan

Ang proseso ng re-loan para sa Co-Borrower Loan (CBL) ay kapareho ng proseso sa regular CBL application.

Frequently Asked

Questions

Kapag nakabayad na ng tatlong (3) buwan na kumpletong amortization, maaari ng mag re-loan at ibabawas ang balanse ng dati mong utang sa proceeds ng bago mong loan.

Ang mga miyembrong may existing Personal Equity Loan (PEL) o Co-Borrower (CBL) na nakapagbayad na ng higit sa tatlong (3) buwan na monthly amortization ay maaaring mag-apply ng re-loan.

Maaring mag-loan ng “Same Deduction” o “Full Equity”:

  1. Same deduction – kung magkano ang monthly amortization ng dating loan, ganun din ang gagawing monthly deduction sa net pay para sa inyong re-loan, na maaaring bayaran ng parehong haba (same number of years) o mas mahabang loan period.
  2. Full equity – ang loan amount ay base sa years of service sa UP:
    • With less than 2 years of service: up to 75% of Member’s Equity
    • With 2 years but less than 4 years of service: up to 80% of Member’s Equity
    • With 4 years but less than 6 years of service: up to 85% of Member’s Equity
    • With 6 years but less than 8 years of service: up to 90% of Member’s Equity
    • With 8 years but less than 10 years of service: up to 95% of Member’s Equity
    • With at least 10 years of service: up to 100% of Member’s Equity
  • Existing loan balance
  • Interest and surcharges, if any
  • Service fee of P200.00

Maaari kayong mag re-loan, kailangan lamang na bayaran through direct payment sa bank account ng UP Provident Fund ang isang (1) buwan na amortization para makumpleto ang requirement na three (3) months’ payment bago makapag re-loan.

Maaari, pero susuriin muna ng aming staff ang inyong record para tingnan kung kailangang mag-direct payment para sa kulang na bayad o kakayanin ng present deduction ang magiging loanable amount pagkatapos ibawas ang loan balance, service fee, at interest at surcharge sa bagong loan amount.

1. PEL o Personal Equity Loan – three (3) months minimum payment para makapag re-loan
2. CBL o Co-Borrower Loan – six (6) months minimum payment para makapag re-loan

Requirements for PEL re-loan:
• PEL Loan Info Slip (download below or fill out online in the UPPF Portal)
• Copy of two (2) months most recent UP payslip
• Copy of UP Employee ID or any valid government-issued ID (driver’s license, passport, GSIS UMID, Philhealth, etc.)

Requirements for CBL re-loan:
• CBL Loan Info Slip (download below or fill out online in the UPPF Portal)
• Copy of two (2) months most recent UP payslip (borrower and co-borrower)
• Copy of UP Employee ID or any valid government-issued ID (driver’s license, passport, GSIS UMID, Philhealth, etc.).

Pwede itong ipabawas sa net proceeds kung i-request ng miyembro.

Pwede, pero hindi na full equity ang inyong loanable amount. Kung magre-reloan, pinapayagan na magre-loan ng parehong amount ng huling na-loan na amount. Kailangan ding siguraduhin na matatapos o maibibigay kaagad ang lahat ng requirements para sa retirement claim para maiwasan ang paglaki ng interest at surcharge kung hindi na makakabayad gamit ang net pay.

Kung umabot ng isang taon na hindi ka nakabayad o nagbayad ng hindi kumpletong amortization (underpayment), ito ay automatikong ibabawas o i-ooffset sa iyong member’s equity.

1. Mag-login at i-submit ang inyong loan application sa UPPF Portal para sa mas mabilis at convenient na paraan.
2. Bumisita sa opisina ng UP Provident Fund sa inyong campus at dalhin ang kumpletong requirements. Malugod kayong ia-assist ng aming Account Officers para sa inyong loan application.