News
Multi-Purpose Loan (MPL) Program
30 March 2026
Circular 2026 No. 01
TO : ALL PARTICIPATING INSTITUTIONS
SUBJECT : MULTI-PURPOSE LOAN (MPL) PROGRAM
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We are delighted to announce that beginning April 1, 2026, there will be some changes on the Multi-Purpose Loan (MPL) programs being offered to our actively contributing individual members as part of our commitment to providing better financial value, enabling members to enjoy greater savings through a more affordable loan program:
1. a reduction of service fee from 1.5% to 0.75%;
2. an adjustment on the loan amount across all types of loan.
As approved by your Board of Trustees, members may now apply for or renew their loans for up to 70% of their latest personal Accumulated Value (AV), in accordance with the adjusted amount limits as follows:
We encourage all our Participating Institutions (PI) to continue remitting employees’ loan amortization on time so that the employees can easily apply for loan renewal. May we also reiterate the need for PIs to maintain its up-to-date contribution status so that the contributing employees can avail of this benefit anytime.
For your convenience, the Loan Application Form with the updated Terms and Conditions of the Loan Program is available for download on the PERAA website at www.peraa.org.
You may also reach us through peraa@peraa.org.
We extend our sincere thanks to our Administrators for believing in PERAA and for giving employees the opportunity to contribute their personal share, helping them prepare for a more secure retirement.
BERNADETTE M. NEPOMUCENO
President
OFFICE SCHEDULE
MULTI-PURPOSE LOAN (MPL) PROGRAM
