Based on your latest credit profile, determine first your Net Disposable Income (NDI) by deducting your total monthly payroll deduction from the 50% of your monthly basic pay. To determine your maximum loanable amount, divide the resulting NDI by the factor of the corresponding term of payment which you prefer as indicated below. The lower your total monthly payroll deduction the higher your NDI and maximum loanable amount.
- Term of PaymentFactor
- One year0.0916799929
- Two years0.0499241020
- Three years0.0361523955
- Four years0.0293749996
- Five years0.0253934274
Your NDI therefore becomes your maximum monthly installment allowable. So choose the term of payment that can absorb it but subject to the following maximum payment term limit based on your years in service.
- Years in ServiceMaximum Term of Payment
- Less than 1 year1 year
- 1 to 3 years3 years
- More than 3 years5 years