Loan Table

  PNP PROVIDENT FUND LOAN TABLE DIMINISHING PRINCIPAL LOAN TERM (YR) 5%/YR) TLA MA 10,000.00 1 500.00 10,500.00 875.00 20,000.00 1 1,000.00 21,000.00 1,750.00 2 First Year 1,000.00 21,500.00 916.67 Second Year 500.00 875.00 30,000.00 1 1,500.00 31,500.00 2,625.00 2 First Year 1,500.00 32,250.00 1,375.00 Second Year 750.00 1,312.50 3 First Year 1,500.00 33,000.00 958.33 continue reading : Loan Table

Mandate

RA No. 7180 (GAA FY 1992) ADMINISTRATIVE ORDER NO. 279  (Tab A) dated May 5, 1992   “Prescribing rules and regulations for the establishment            and administration of a provident fund of agencies covered            by sec. 41 of the general provisions of Republic Act No. 7180.” EXECUTIVE ORDER NO. 641 (Tab B) dated July continue reading : Mandate

Emergency Loan

  granted to victims of conflagration Php50,000 loanable amount 3 years Maximum Payment Term 0 % Interest

Calamity Loan

  Php30,000 loanable amount 3 years Maximum Payment Term 0 % Interest Calamity loans shall be granted over and above existing salary loan under the following circumstances provided that the monthly deduction will not reduce the required monthly net take home pay of the borrower. The area where the borrower is assigned or residing at continue reading : Calamity Loan

Salary Loan

Php 100 K Three (3) years Maximum Payment Terms Five Percent (5%) per annum Diminishing Interest Salary loan is granted to members for the following purposes: a.Education; b.Hospitalization; c.Minor repair of houses; and d.Other similar purposes.

Overall Objective

The PNPPF’s Overall Objective is to provide for the granting of benefits and loans to officials and employees of the department, bureau, office, or agency for emergency needs for: Education or that of their children; (scholarship) Hospitalization or that of their immediate dependents; Minor but immediately needed repair of their houses; and Other similar purposes continue reading : Overall Objective

History

Historical Background on the Establishment of the PNP Provident Fund   Start-up Fund: P35.594,055.78 Million   On December 15, 2004, LBP Account No. 1862-1016-30 was opened in the name of PNP Provident Fund, Inc. with an initial deposit of P35.594,055.78 to transfer the fund from the PNP Services Fees Fund under LBP Account Number 1862-110-53.   continue reading : History