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BUREAU OF JAIL MANAGEMENT AND PENOLOGY MULTIPURPOSE COOPERATIVE 144 Mindanao Avenue, Quezon City Telephone Nos. 4543621 PENSION LOAN APPLICATION IMPORTANT: Please read Terms and Conditions before.

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The pension loan shall be processed within the day of application. The loan proceeds shall be credited to the Cash Card/UMID card within five (5) working days from approval date of application. Yes, there is a minimal fee but it depends on the bank that the pensioner-borrower chooses.

The maximum loanable amount is P2,000,000 but should not exceed the updated loan balance of the account assumed. Actual need of the borrower based on the contract to sell/scope of work and bill of materials evaluated by the SSS.

The higher the MSC and the longer you pay your contributions, the higher your SSS monthly pension will be. Retirees in the Philippines can receive as much as ₱18,495. The minimum monthly pension is ₱2,000.

The SSS salary loan interest rate as of 2023 is 10% per annum, making it one of the loans with the lowest rates in the Philippines. It's computed based on diminishing principal balance, which means the interest will continue to be charged on the outstanding balance until the latter is fully paid.

The PLP offers a 10% per annum interest rate, with installment payment terms ranging from six to 24 months.

Qualified retirement pensioners can apply for a loan equivalent to 3, 6, 9, or 12 times of their basic monthly pension plus the PHP 1,000.00 additional benefit, but not exceeding the maximum amount of PHP 200,000.00.

Pension advances, also known as pension sales, loans, or buyouts, require you to sign over some or all of your monthly pension checks for a future period of time, typically 5 to 10 years.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232