Your Guide To Loan With The Lowest Interest Rate | PSSLAI

When our country is put under the state of calamity due to COVID-19, many Filipino families aren't ready mentally, emotionally, and of course, financially. The pandemic caused companies and businesses to operate minimally or close completely. As a result, millions of Filipinos lost their livelihood, spent their hard-earned savings, and are left with zero balance. After all the unexpected expenses that this pandemic has caused, achieving financial stability became more and more challenging. Thus, obtaining a loan with the lowest interest rate has become an option for many. While there are a lot of savings and loan associations in the Philippines, and choosing one that you can trust can be tricky.


That's why we've created this guide to help you find the savings and loan association that best fits your financial needs through loans with guaranteed low interest rates. Follow these steps and secure a loan today!

1. Choose Where To Loan Wisely

First, be careful with loan sharks that only care about their profit and not your welfare. These companies provide easy loaning processes but give a whopping 20% interest rate minimum. Not to mention, there are hidden fees they collect, too. They will only make it harder for you to pay back. Instead, secure a loan in a trusted savings and loan association in the Philippines that is known to provide a loan with the lowest interest rate. An institution that is supervised and authorized by the Bangko Sentral ng Pilipinas to conduct business will do. On that note, we highly suggest you be a member of the Public Safety Savings and Loan Association Inc. (PSSLAI). It is endorsed by the PNP, BFP, and PPSC leadership and has been in service for years.

2. Know What Type of Loan You Should Get

Savings and loan associations in the Philippines offer different kinds of loans and it might be tempting to loan more than you can handle. However, do not loan more than what you can pay to enjoy easy repayment. Remember, the loan amount, interest rates, processing fees, payment terms, and late payment fees vary, so be sure to apply for the one that best fits your needs. Here are several loans with the guaranteed lowest interest rates at PSSLAI.

• Salary Loan
• Emergency Loan
• Universal Loan
• Real Estate Loan
• Buy-Out Loan
• Back-To-Back Loan
• AffordaLoan
• Pension Loan
• Vehicle Loan
• Pre-Owned Vehicle Loan

3. Shorten Your Repayment Period

The longer your payment term is, the higher the loan interest rate is. Shortening the duration of your loan goes a long way in lowering interest rates, avoiding late payment fees, and saving more money. Keep in mind that your loan type, loan amount, interest rates, and repayment periods can be adjusted when you are with a reliable savings and loan association. As for PSSLAI, they even let you negotiate according to your preferences before and after the loan is released. Plus, you can also apply for their Loan Amnesty Program that lets you repay your loan with no interest at all!


Loan interest is the interest rate applied to the total amount of money you borrowed (including unpaid charges). Borrowers pay for this until they have paid their loan in full and it's the biggest burden a borrower carries especially when it is too high. Fortunately, there are ways you can take to secure a loan with the lowest interest rate. Follow the steps above and inquire at https://www.psslai.com/loan-application-inquiry/ today!