Salva Vida Savings Program

What is the Salva Vida Savings Program?

The Salva Vida Savings program is envisioned to provide its clients a quick and easy way to save money. 

All loans processed will be deducted 5% which will automatically go towards your savings.

Will my savings earn interest?

Yes. Your savings will earn 1% per year (subject to change without prior notice) as long as your account is not inactive.

What is an inactive account?

Inactive accounts are those with no transactions for the past 2 years.

Can I add to my savings even if I do not have any loans?

Yes, anyone with a past loan can add to their savings account. For those without past loans,  you may INVEST with us (subject to approval).

Will I be able to withdraw my savings?

Yes. Savings can be withdrawn in full when you have no existing loans in the past 6 months.

Are partial redemptions allowed? 

Yes, a maximum of 22% of your savings (in increments of 500 pesos) can be redeemed at any time even with an existing loan. 

Is there a minimum amount for partial redemption of savings?

The minimum amount for partial redemption of savings is 500 pesos.

How do I redeem my savings?

To make a full or partial savings redemption request, please fill up this form.