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
Loan Amount: Maximum of 80% monthly pension x term of loan in months but must not exceed P 300,000.00
Term: Maximum of 3 years
Mode of Payment: Monthly
Requirements:
1 valid photo bearing ID
2x2 or 1x1 ID Pictures (4pcs)
Any proof client as pensioner/ Certificate of Pension/ Voucher / Bank Statement (3 months)
Photocopy of passbook ( ATM and ATM or Passbook to be surrender upon release of loan
Affidavit of voluntary surrender of ATM
Proof of income to support living expenses (if necessary)
AVS for Personal Properties (if applicable and necessary)
Chattel Mortgage (if applicable and necesssary)
One (1) qualified co-maker (with Valid Photo Bearing ID, Proof of income and cash flow)
Life Insurance
Authority to Debit