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Suspension of Loan Payment Collection from Servicemen

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OPEN LETTER FOR FINANCIAL INSTITUTIONS FROM SERVICEMEN

I am appealing to the financial institutions catering to the servicemen, such as those from PNP, AFP, BFP, BJMP and other service agencies. These financial agencies include PSSLAI, AFPMBAI, Afpslai, PSMBFI, and others. We are humbly asking you to please, due to the ongoing Enhanced Community Quarantine in the whole of Luzon, please waive at least 1 month of your collectible from loans of servicemen. Don't impose penalties. You can simply adjust the loan terms.

EDIT: AFPSLAI JUST ANNOUNCED A SUSPENSION OF 1 MONTH LOAN PAYMENT COLLECTION!

OTHER FINANCIAL INSTITUTIONS FOLLOWED THE STEPS OF AFPSLAI. BUT IT IS WORTHY TO NOTE THAT ON THE EVENING OF 24 MARCH 2020, PRESIDENT DUTERTE SIGNED REPUBLIC ACT NO. 11469 OR THE "BAYANIHAN TO HEAL AS ONE ACT". ONE OF THE PROVISIONS OF THIS LAW MANDATES ALL FINANCIAL INSTITUTIONS TO SUSPEND COLLECTION OF LOAN PAYMENTS FOR AT LEAST A MINIMUM OF 30-DAYS.

The total lock down of the National Capital Region and the whole of Luzon is an unprecedented move. It is yet to be seen on how that will affect the economic capacity of our servicemen.

While they will be continuing their duties, their families are left at home. If their families loose financial capacity, they may get distracted in performing their functions.

Also remember that, while other families are on home quarantine, they have with them their head of household who can find ways and means to survive. On the other hand, our servicemen will most of the time be deployed, leaving behind at their homes, the spouses and children. In this trying times, they are still willing to perform their sworn mandates. Your effort to suspend collection of their loan payable will forever be remembered and appreciated. It will serve both as a morale booster and an assurance for their families left at home.

Such benevolent action from your end will be of GREAT HELP for the families of our servicemen that are selflessly sacrificing their own health, just to serve the public.

Politely requesting,

Marinong Pulis
And the rest of the servicemen in the Philippines.

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