Pension Loan
Caters to pensioners who are receiving monthly pension from SSS, GSIS or PVAO with 80% of its monthly pension allocated as its monthly amortization allowing clients to receive their allotment at lumpsum giving clients ultimate satisfaction of their retirement benefits during the prime years of their lives
TARGET CLIENTS:
Pensioners aging not more than insurable age coverage (must not exceed 70 years old on the time when the loan matures).
Loan Amount: Maximum of 80% monthly pension can be allocated as its monthly amortization but but must not exceed P300,000.00
Term: Maximum of 3 years
Mode of Payment: Monthly
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (4 copies)
2. Valid Photo Bearing ID
3. Any proof of the client as pensioner / Cert. of Pension / Voucher / Bank Statement (3 months)
4. Photocopy of Passbook / ATM
5. Proof of income to support living & other expenses (if necessary)
6. AVS for Personal Properties (if applicable & necessary)
7. Chattel Mortgage (if applicable & necessary)
8. Co-maker Statement
Valid I.D. Of Co-maker
Proof of Income of co-maker w/ attachments
Cash Flow
9. Authority to Debit