• Philippine Time:

Overview

If you are an SSS Pensioner, Penbank’s Quick Loan-SSS Pension allows you to obtain the needed cash for your medicine and other emergencies. Get an approval within the day of your application for minimal interest charge of 2% per month.

Amount
Financed

up to P150,000.00

Term

  • 1 year (65 yrs. old to 70 yrs old)
  • 2 years (64 years old and below

Interest
Rate

24% per annum based on dim. principal balance

Repayment

Principal and interest payable monthly

Borrower
Eligibility:

  • The borrower is up to 70 years old at time of grant of the loan.
  • The borrower should be residing within the service areas of Penbank, Inc.
  • Borrower should be a permanent resident of the declared residence for at least 5 years
  • Borrower should be a legitimate SSS Pension and Lumpsum beneficiary

Requirement

  1. Disability, Deceased and Retiree (DDR) Pension and Lumpsum
  2. Check and Voucher or;
  3. Employee Static Information issued by Social Security System (SSS)
  4. ATM/Passbook where benefit if credited
  5. Must have an acceptable and qualified co-maker
  6. 2 valid id’s for borrower & co-maker

Mode of
Payment

  • Auto Debit on the ATM thru Point-of-Sale Machine (POS)

Fees and
Charges

P10.00 for successful collection transaction

FAQ's

1How do we apply for Penbank Quick Loan- SSS Pension?
  • Fill out and sign the application form completely
  • Submit complete requirements together with the application form to your nearest Penbank Branch
  • Bring with you your Co-maker
2What are the qualifications of a Co-maker?
  • Filipino Citizen
  • At least 20 years old but not more than 60 years old
  • Employed or engaged in business
  • must be in good health
3How can i renew my Quick Loan- SSS Pension?
The borrower is allowed to renew their SSS Pension Loan if 25% of the principal is already paid.

CLIENT STORIES

RD GROUP OF COMPANIES

Our excellence in performance has earned recognition in the different industries we operate.
We have 48 widely diversified business units and operations that span in the Philippines, Indonesia, Papua New Guinea, Netherlands and United States.