Mechanics/Eligibility:

  • Open to all Retirees who have left Shell Companies in the Philippines (SCIP) either by redundancy, normal or early retirement.
  • Interest rate is 6% per annum based on diminishing balance and 1% handling fee.
  • Maturity Value of the loan should not exceed member’s total deposits in SESLA (Capital Contribution and Special Savings Deposit combined)
  • Assignment of Capital Contribution and/or Special Savings Deposit, whichever case maybe, is required to be submitted BUT NOTARIZATION IS NO LONGER REQUIRED.