Product Features
- Min: P1,000 Max: P40,000
- Repayment Period: 4 years subject to the age of 65 years
- Pension income ONLY
- 100% secured loan against personal savings- all products in our books
- Interest on the loan is Prime+3.0%
- Credit Life Compulsory through BSB or self-arranged.
- Cession with BSB as an assignee to be submitted before disbursement.
Entry Requirements
- Certified copy of National Identity card/ Omang, resident/work permit, passport (non-citizens)
- Latest payslip
- Two month bank statement ( for those with Motheo, or 3 months for new clients)
- Subject to the age of 65 years
- Utility Bill/ proof of residence
- Letter of confirmation from employer
Pricing
- Min: P1,000 Max: P40,000
- Repayment Period: 4 years subject to the age of 65 years
How do I apply for an Pensioners Loan?
1
Step 1
Confirm with the bank on how much you qualify for.
2
Step 2
Fill and sign application forms or fill in the form online. Please download supporting documents.
3
Step 3
Submit the signed forms together with account opening documents at a BSB consultant for processing. A transactional account is mandatory for loan processing.
4
Step 4
After 12 hrs a loan will be approved and funds transferred into your BSB transactional account.
