PRE-RETIREMENT Loan
Special loan product for retiring members from the Philippine Navy, PHILIPPINE AIR FORCE, AND PHILIPPINE MARINE CORPS
INTEREST RATE
6% Annual Interest Rate
MAximum 1 year TERM
Payable in one (1) year. Full payment in advance eligible for interest rebates.
MODE OF PAYMENT
Automatic Deduction from
Commutation Proceeds
ELIGIBLE BORROWER
Retiring Philippine Navy, Philippine Air Force, and Philippine Marine Corps
Personnel Only
refund feature
Refund for unused interest for early payment
Requirements
- Retirement Order (Showing the number of days unused leave)
- Duly accomplished pre-retirement loan application form
- Commutation of leave order/monetization of leave credits
- Authorization to Debit Account