FAQs on the 2025 BERYL LOAN
How is the interest computed?
| DETAILS | YEAR 1 TERM LOAN (12% interest p.a) |
YEAR 2 SALARY LOAN (10% interest p.a) |
| LOAN AMOUNT |
100,000.00 | 112,000.00 |
| INTEREST |
12,000.00 | 11,200.00 |
| TOTAL LOAN AMOUNT |
112,000.00 | 123,200.00 |
| AMORTIZATION |
NONE | 5,133.33 |
| REMARKS |
No deduction for 1 year | First deduction for July 2026 |
What are the requirements?
Can I convert my outstanding loans to Beryl Loan?
Will the full loan amount be credited to my payroll account?
What if I resign before July 2025, how much interest will I pay?
FAQs on the 2025 One (1) Month Salary Credit
One (1) Month Salary Credit
|
LEVEL |
SALARY CREDIT |
|
Rank & File |
P 20,000 or actual salary |
|
Supervisor |
P 25,000 or actual salary |
|
TSO/Asst. Manager |
P 60,000 |
|
Department Manager |
P 75,000 |
|
Senior Manager |
P 150,000 |
|
Executive |
P 300,000 |
Amnesty Program 2025
1. Who are qualified to avail of the Amnesty Program?
All active regular employees of accredited member companies under the SM Group of Companies who resigned from SM SLAI from 2020 and prior are eligible to re-apply as members.
2. What are the requirements?
3. Can I send directly the forms to SLA Office?
5. Can we submit scanned copies?
6. How much can we contribute per payday for Savings and Capital?
7. Can I be a member without enrolling for savings?
8. Can we change the contributions after the initial enrollment?
9. How would I know if my application was approved?
10. It’s indicated in the requirements that applicant must submit an SLA Loan Application Form. Do I really need to apply for a loan upon membership?
11.How much is the Amnesty Loan?
12. What is the computation of the Amnesty loan?
13. Is there a need for co-maker?
14. Will I get the full amount of loan and where will it be credited?
15. How fast is the release of the loan?
16. When will my SLA ID be available?
FAQs on the R Fund
What is the R Fund?
The R Fund or Retirement Fund is a new investment opportunity through SM SLAI. It is meant to be a separate investment for members who may want to set aside their dividends in a higher yielding fund over a longer period than what is available in our other fund vehicles.
How can I participate?
How is this different from the other funds – A Fund and B Fund?
What are the terms of the participation? Can I withdraw anytime?
What are the expected returns?
How can I check the value / status of my investment?
Minimum & max amount?