Salary Loan and Insurance Programs for Government and Private Employees

Take charge of your financial well-being with PhilLife’s Salary Loan and Insurance Program. Get up to ₱300,000 while keeping your family protected with life insurance coverage.

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Financial Assistance

Smart Financing Made Easy
for Every Employee

At PhilLife, we make it simple for government and private employees to get the financial support they need.
You can get up to ₱300,000 with flexible repayment terms that suit your budget and goals.

Our Salary Loan and Insurance Program also includes life insurance coverage equal to your loan amount,
providing financial security for you and your family. With convenient salary deductions and quick approval,
we make securing a loan simple and worry-free.

Employees Choose PhilLife

Why Employees Choose PhilLife

PhilLife offers a Salary Loan and Insurance Program designed to support the financial needs of permanent employees from both government and private institutions. Borrow from ₱20,000 up to ₱300,000 with flexible repayment terms of 12, 24, or 36 months, all while being protected with life insurance coverage equivalent to your loan.

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Benefits

Every salary loan comes with life insurance, ensuring your family is protected. You can choose between a Permanent Insurance Plan or Credit Group Life Insurance (CGL), depending on your needs. Premiums are automatically deducted from your salary, ensuring easy repayment and seamless coverage management.

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Loan Details

  • Loanable Amount:  ₱20,000 to ₱300,000
  • Term Options: 12, 24, or 36 months
  • Interest Rate:  
    For a 12-month term, the interest rate is 7.5% per annum or 0.625% per month
    For a 24-month term, the interest rate is 9.0% per annum or 0.75% per month
    For a 36-month term, the interest rate is 9.66% per annum or 0.805% per month
  • One-time non-finance charge: 6% deducted from loan proceeds
  • Life Insurance Coverage: Mandatory coverage equal to loan amount; CGL minimum coverage ₱25,000 at ₱4 per ₱1,000 coverage
  • Premium Payment: Life insurance premium conveniently deducted from the employee’s salary
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Why Choose PhilLife?

The Premier Standard in Financial Solutions

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Over 65 Years of Service

Building trust and security for generations of Filipino families through decades of financial expertise.

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Digital Convenience

Access and manage your PhilLife plans anytime, anywhere through our secure online platform.

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Affordable, Flexible Plans

Choose from flexible insurance, savings, and protection plans tailored to your personal goals.

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Frequently Asked Questions

Wondering how PhilLife’s Salary Loan and Insurance Program works for government and private employees? Below are the most frequently asked questions to help you learn more about loan amounts, repayment terms, and application guidelines.

Still unsure? Our licensed advisors are just a call or click away.

Permanent and regular employees of both government and private institutions are eligible to apply for this loan.

You may borrow from ₱20,000 up to ₱300,000, depending on your financial needs and eligibility.

You can choose 12, 24, or 36 months, depending on what suits your budget.

Yes, life insurance coverage equivalent to your loan amount is mandatory, either through a permanent plan or Credit Group Life Insurance (CGL).

The premium is deducted directly from your salary for easy and convenient payment.

  • 12 months: 7.5% p.a. / 0.625% per month
  • 24 months: 9.0% p.a. / 0.75% per month
  • 36 months: 9.66% p.a. / 0.805% per month
  • A one-time 6% non-finance charge applies.

Submit your loan application and proof of employment to PhilLife. Our team will assist you through the process.

Let’s Build a Secure Future Together

Stay up to date with PhilLife’s latest insurance plans, investment ideas, and exclusive offers. Whether you’re protecting your family’s future or growing your business, we’re here to guide you through every stage of your financial journey.