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Unlock Financial Flexibility with
​Employee Salary Loan Assistance

Fast, Simple, Secure  - Get the funds you need, when you need them.

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Sample Computation Below

Loan Amount (Total Compensation × 20% × 6 months) 15,000 × 20% × 6 = 18,000
 Minimum Repayment Term 1 Month
 Maximum Repayment Term 6 Months
Monthly Add-On Rate* 
 1%
 Scheduled Payment (Monthly)  3,105.87 (6 months)
 Scheduled Payment (Per Cut-off) 1,552.93 (12 cut-off)
 Total Amount to Pay 18,635.22

* For loan application beyond the allowed maximum limit, a higher interest rate of 1.2% will apply and subject to GM's approval.

Salary Loan Eligibility

The employee salary loan assistance is applicable for OOG employees with a minimum of 6 months of employment.

Loan Terms

The salary loan is payable for a maximum of six (6) months with an interest of 6% semi-annual.

Loan Deduction Schedule

Salary loan deduction will start on the next payroll cut-off. If the loan date is five (5) days or less to the nearest cut-off date, the deduction will start on the next cut-off.

An employee may avail the salary program for the following purposes: 

  • Medical expenses of the immediate family
  • Educational expenses of the immediate family
  • Housing repair/extension expenses
  • Appliances and gadgets requirements
  • Emergency requirements
  • Payment for the existing loan with Ceferino & Ester Follosco Foundation Inc. (CEFFI)
  • Travel
  • Medical expenses of the immediate family
  • Educational expenses of the immediate family
  • Housing repair/extension expenses
  • Appliances and gadgets requirements
  • Emergency requirements
  • Payment for the existing loan with Ceferino & Ester Follosco Foundation Inc. (CEFFI)
  • Travel

Calculator

All calculated amounts are indicative and may be subject to change depending on submitted and verified application information and documents.
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Loan Guidelines

  • Employees who have existing loans with CEFFI will be ineligible for this program unless it is for the payment of such loans.            
  • Employees who wish to avail of this program need only to accomplish the online Loan Application Form and wait for the email confirmation of the approval.
  • Approved loan amount shall be credited to the employee's bank account.

  • Loan applications for medical expenses will require additional requirements as detailed in the online Loan Application Form. 
  • Additional ESLA loan application by an employee would only be allowed after 2 months of full payment of the existing loan. 
  • Effectivity of this revised ESLA guidelines shall be on April 1, 2024. 
  • Employees who have existing loans with CEFFI will be ineligible for this program unless it is for the payment of such loans. 
  • Employees who wish to avail of this program need only to accomplish the online Loan Application Form and wait for the email confirmation of the approval.
  • Approved loan amount shall be credited to the employee's bank account.
  • Loan applications for medical expenses will require additional requirements as detailed in the online Loan Application Form. 
  • Additional ESLA loan application by an employee would only be allowed after 2 months of full payment of the existing loan. 
  • Effectivity of this revised ESLA guidelines shall be on April 1, 2024.