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PENSION LOAN
Pension Loan
“Support for Your Future: Your hard-earned pension can provide financial stability and peace of mind”
Amount of Loan
70% of the Basic Monthly Pension (BMP) x 12 months or P300,000.00 whichever is lower
Mode of Payment
Term
• Minimum of six (6) months , Maximum of seventy-four (74) years and four (4) months
• Minimum of twelve (12) months, Maximum of seventy-three (73) years and ten (10) months
• Minimum of twenty-four (24) months, Maximum of seventy-one (71) years and ten (10) months
• Filled-out applications Forms;
• 2 valid Ids;
• 2 pcs. 2×2 picture
• Proof of Billing;
• 3 months latest Bank Statement where the pension is credited;
• Death, Disability and Retirement (DDR) Voucher and/or latest online inquiry statement;
The pensioner shall be required to open a Union Bank Savings Account with ATM card (co-branded ATM card) where the loan proceeds and the monthly excess between the pension and the loan amortization will be credited.
- ATM Card where the pension is credited;
- Automatic Debit Arrangement (ADA) will be acceptable if MCRBI has an existing Memorandum of Agreement (MOA) with the pensioner’s servicing bank;
- Credit Life Insurance
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Contact Us:
Head Office Address:
J. M. Kalaw Street, Barangay 5, Lipa City, Batangas 4217
Email:
kapartner@mcrbi.com.ph
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