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Registry No. Voucher No.RELOANNEWPENSIONADO LOAN APPLICATION I hereby apply for a loan in the amount of PESOS (P ) for the following purpose: Home Renovation Medical Travel Education Family Events.

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How to fill out the Pensionado Loan online

This guide provides a comprehensive overview of how to fill out the Pensionado Loan application form online. Each section will be broken down with clear instructions to ensure that users can complete the form accurately and efficiently.

Follow the steps to successfully complete your Pensionado Loan application.

  1. Click ‘Get Form’ button to access the Pensionado Loan application and open it in your preferred editor.
  2. Complete the 'Loan Amount' section by entering the amount of the loan you are applying for in the designated field. Specify the purpose of the loan by selecting one or more options such as home renovation, medical, travel, education, family events, loan buy-out, or others. If you select 'Others,' make sure to specify the purpose below.
  3. Indicate the preferred term for the loan by selecting the duration: 12 months, 18 months, or 24 months. Review the terms and conditions associated with the loan which are referenced in the application.
  4. Fill out the personal information section by providing your name, age, civil status, gender, addresses, date of birth, nationality, and religion. Ensure all information is accurate and clearly written.
  5. If applicable, fill in the spouse information section, including their name, age, and contact number, along with employment and income details.
  6. Complete the pension information section by selecting the appropriate pension scheme (GSIS or SSS) and enter the relevant account numbers, retirement date, and monthly pension amount.
  7. Carefully read and complete the health declaration section. Affirm your health status and disclose any relevant medical history in response to the questions provided.
  8. In the beneficiary information section, list at least two beneficiaries. Include their names, tax identification numbers, gender, relationship to you, and dates of birth.
  9. Review and authorize the provisions for loan application, including consent for the processing of personal information. It is crucial to understand and accept these terms before proceeding.
  10. Once all sections are completed, review all entered information for accuracy. Save changes and choose whether to download, print, or share the completed form as needed.

Start completing your Pensionado Loan application online today for a streamlined process.

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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.

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

must be 85 years old and below at the end of the last month of the loan term; no outstanding loan balance and benefit overpayment payable to SSS; no existing advance pension under the SSS Calamity Assistance Package; must be receiving their regular monthly pension for at least one month with an “active” status.

6. HOW LONG IS THE LOAN PROCESSING TIME? 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.

Taking out a loan from your retirement plan will have no impact on your credit rating. Unlike a bank or outside lender, a retirement plan doesn't report loan activity to credit rating agencies.

The retiree has the option to receive the first 18 months pension in lump sum, discounted at a preferential rate to be determined by the SSS. This option can be exercised only upon application of the first retirement claim, and the Dependent's Pension are excluded from the advanced 18 months pension.

To qualify for lump sum retirement benefit, a member is at least 60 years old (or 55 years old, if an underground mineworker) for optional retirement, or 65 years old (or 60 years old, if an underground mineworker) for technical retirement, and has paid less than 120 monthly contributions.

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.

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