Pensioner's Loan

Most of the people in the society are generally employed and had contributions to SSS, GSIS and other government related agencies in which people can received their pension benefits in the future or particularly after their retirement. In line with this, RB Dumangas, Inc. had created a type of loan product which is called “Pensioner’s Loan” which is specifically designed for retirees and also to surviving spouses who receives pension and who are in need of financial assistance by the bank. There are no restrictions in general on what are the purpose or project a pensioner/borrower wants. She/He can avail this credit facility if he/she needs for housing construction/ repair, capitalization of business, medication, education, other debt repayments/consolidation, purchase of vehicle, properties, personal or family consumption and the like.

Additional Qualifications 
  • Must have a proof as a pensioner.
  • Pensioner must be mentally capacitated to enter into contracts.
  • With good health condition.
  • If borrower has own house, co-borrower/maker is with or without income.
  • Co-borrower/maker must be his/her descendants (child/grandchild) enclosed relative or in-laws. (refer also to no. 7 of general qualifications, page 01)
  • Must have an ATM card
Terms
  • 3 months - 24 months
Interest Rate
  • 27% p.a. or 2.25%/monthly (including service fee charge)
Loanable Amoun
  • 50% of the monthly pension times no. of installment (term) but not exceed P 250,000.00
Security
  • ATM/PDC (if applicable)
Mode of Payment
  • Monthly