Question 1

How long does it take for a loan to process?

Accepted Answer

It takes 15-30 working days.

Question 2

What is loan interest rate?

Accepted Answer

TEACHERS LOAN
1year - 2.5% per month
2years - 2% per month
3years - 1.75% per month

SALARY LOAN
5% per month

PENSION LOAN
3% per month

Question 3

Is there any discount or rebate if the payment is advance?

Accepted Answer

None

Question 4

Renewal

Accepted Answer

If his/her initial loan is renewable after he/she paid 6 months regularly.

PHIL. EARNS LOANS
AND CREDIT SERVICES INC.

Frequently asked questions