Good news to all active uniformed members of the Philippine Coast Guard....
The PCGSLAI Board of Trustees in its meeting of 17 June 2014 has approved a new policy onloan requirement wherein member-borrowers of the PCGSLAI are no longer required to have aco-maker for active uniformed personnel when applying forloan provided he/she has alreadyrendered at least Fifteen (15) years of service in the Philippine Coast Guard.
The Maximum Loanable amount of PCG members with at least 15 years but not more than 20 years of Coast Guard Service is Two Hundred Thousand Pesos (P200,000.00) while PCG Personnel who have rendered more than Twenty Years of Service can avail up to their Single Borrowers Limit.
On top of the existing Loan requirements, member-borrowers must submit a duly notarized Affidavit of Undertaking authorizing the PCGSLAI to deduct the outstanding loan obligation from their CapCon Account and/or Special Savings Account, if any, and assigning their Leave Credits Receivables from PCG in the event of a default in their loan payments. (click here for the Pro-forma affidavit).
For more information, please contact our Loan Processors at Telephone nos. 243-7915 / 243-7518 local 104 to 106 and Mobile Nos. 0917-5134259 0947-994-9540 or the PCGSLAI Coordinators near you (click here to view list of coordinators).
The PCGSLAI has issued Memo Circular No. 2014-001 ONCE A YEAR DISTRIBUTION OF DIVIDEND (click here to view memo circular). The Memo states that relative to the implementation of a once a year, declaration of Divided, the PCGSLAI shall offer APSFI TO help members in their mid-year financial needs.
In view thereof, all members are enjoined to submit their duly accomplished APSFI Application Forms (click here to download form) not later than 06 June 2014. APSFI Form is available at the PCGSLAI Office in Coast Guard Base Farola, Muelle dela Industria, Farola Compound, Binondo, Manila and at all PCGSLAI Coordinators in CGD-Bicol, CGD-Central Visayas, CGD-Northwestern Luzon, CGD-Northern Mindanao, CGD-SouthEastern Mindanao, CGD-Western Visayas, CGD-Southern Tagalog, CGD-Palawan, CGD-Southwestern Mindanao, CGD-Eastern Visayas, CGD-North Eastern Luzon, Coast Guard Base Taguig, Coast Guard Air Group, CGWCEISS and MSSC. Also available for download at PCGSLAI Facebook www.facebook.com/pcgslai.