Re-Loan

About Re-Loan

Kung ikaw ay nakabayad na ng tatlong (3) buwan na kumpleto ang amortization, maaari ka nang mag re-loan at ibabawas ang balanse ng dati mong utang sa proceeds ng bago mong loan.

Eligibility

Mga miyembro na may existing loan sa Provident Fund na may tatlong (3) buwan o higit pang bayad sa kanilang loan.

Pwedeng mag-reloan ng mga sumusunod na loan products:

  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 magloan ng:

1. Same Deduction – kung magkano ang monthly amortization ng dating loan, ganun din sa bagong loan (re-loan) na maaaring bayaran ng parehong haba (same number of years) o i-extend ang period ng bayaran.

2. Full Equity – maaring mag-loan base sa inyong years of service sa UP:

  • With less than 4 years of service: up to 75% of equity
  • With 4 years but less than 15 years of service: up to 85% of equity
  • With at least 15 years of service: up to 100% of equity

Subalit maaari pa rin na ang loan amount ay mabago kung sakaling kulang ang iyong net pay para sa deduction ng monthly amortization.

Interest Rate

  • 12% per annum (p.a.) for PEL with loan period up to three (3) years
  • 13% per annum (p.a.) for PEL with loan period above three (3) years and up to four (4) 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 Members Portal)
  2. Copy of two (2) months most recent UP payslip
  3. If applying via the Members Portal, copy of UP Employee ID or any valid government-issued ID (driver’s license, passport, GSIS UMID, Philhealth, etc.)

Co-Borrower Loan

  1. Co-Borrower Loan Info Slip (download below)
  2. Copy of two (2) months most recent UP payslip (borrower and co-borrower)
  3. UP HRDO Certificate of Permanent Employement (for first time principal borrower and co-borrower)
  4. Sign a promissory note (download below) with a notarized Deed of Assignment that grants authority to deduct from the insurance benefits whatever accountabilities the member has to the Fund. Member must designate UP Provident Fund as first beneficiary in the life insurance policy.

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. Alamin ang proseso sa link na ito

Personal Equity Loan

Ang proseso ng re-loan para sa Personal Equity Loan (PEL) ay kapareho ng proseso sa regular PEL application. Alamin ang proseso sa link na ito

Co-Borrower Loan

Ang proseso ng re-loan para sa Co-Borrower Loan (CBL) ay kapareho ng proseso sa regular CBL application. Alamin ang proseso sa link na ito

Co-Borrower Loan

Ang proseso ng re-loan para sa Co-Borrower Loan (CBL) ay kapareho ng proseso sa regular CBL application. Alamin ang proseso sa link na ito

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.

Mga miyembro na may existing loan sa provident fund na may tatlong (3) buwan o higit pa na bayad ng kanilang loan.

  1. Same deduction – kung magkano ang monthly amortization ng dating loan, ganun pa rin sa bagong loan, pwedeng same years na babayaran or pwede rin i-extend ng taon na babayaran.
  2. Full equity – ito ang maximum na pwede mong ma-loan base sa sumusunod:
    Ang loanable amount ay depende sa years of service sa UP.

    • less than 4 years of service – up to 75% of equity
    • 4 years but less than 15 years of service – up to 85% of equity
    • at least 15 years of service – 100% of equity
  • Service fee – P200.00
  • loan balance
  • interest and surcharge, if any

Maari kayong mag re-loan, kailangan lang na bayaran thru direct payment sa bank ang isang (1) buwan na amortization para makumpleto ang required three (3) months payment bago makapag re-loan.

Maari pero susuriin muna ang inyong record kung kailangan bang mag direct payment para sa kulang na bayad o kakayanin ba ng present deduction ang magiging loanable amount kung ibabawas ang loan balance sa dating loan, interest at surcharge.

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

• 2 months latest pay slip
• proof of bank account

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.

Matatanggap ang loan proceeds sa iyong bank account two (2) days after the processing cut-off for the week.
Ibig sabihin, kung ang loan application ay na-process at iyong na-confirm bago ang Monday 12 noon cut-off, makukuha ang loan proceeds on Wednesday afternoon (except holidays and non-working days).
Kung ang application ay na-process at iyong na-confirm pagkatapos ng Monday 12 noon cut-off pero bago ang Wednesday 12 noon cut-off, makukuha ang loan proceeds on Friday afternoon (except holidays and non-working days).
Lahat ng application na na-process at na-confirm after Wednesday 12 noon cut-off ay ipa-process sa susunod na linggo kasabay ng Monday 12 noon cut-off at makukuha ang loan proceeds next Wednesday afternoon.

1. Pumunta sa opisina ng UP Provident Fund sa inyong campus at dalhin ang kumpletong requirements. Ang Account Analyst ay malugod kayong i-aassist para sa inyong loan application.
2. Mag login sa Members Portal para sa mas mabilis at convenient na paraan.