Pension Loan

A financial assistance program designed for the needs of PNP and BFP pensioners. Cover different aspects such as medical, family, travel, insurance and other financial expenses in just a single loan.

Features

  • Guaranteed low interest rates
  • Fast processing of loan approval
  • Flexible payment terms (up to 60 months/5 years)
  • Maximum loanable amount per Age Bracket:
    • 65 years old and below – up to Php 3 Million
    • 66-75 years old – up to Php 1 Million

Requirements

  • PNP
    • Retiree: No requirement
    • Survivors and Transferees
      • PNP Survivor’s/Transferee’s ID
      • Certificate of Legal Beneficiary
      • Latest CENOMAR with 1-yr validity
      • Decree of Entitlement
  • BFP
    • Retiree
      • BFP Pensioner ID
      • One (1) Valid ID
    • Survivors and Transferees
      • BFP Survivor’s/Transferee’s ID
      • One (1) Valid ID
      • Certificate of Legal Beneficiary
      • Latest CENOMAR with 1-yr validity
  • Additional Requirements if with Buy-out
    • Outstanding Loan Balance from other Financial Institution/s

Charges

  • Insurance based on Board approval
  • Documentary Stamp tax: Php1.50 for every Php200 for loans above Php250,000
  • Php 250 Buyout charge per Financial Institution