Loanable amount
Based on your age at loan maturity.
| Age upon maturity | Maximum loanable amount | Term |
|---|---|---|
| 65 years old and below | 16× the monthly pension, not to exceed ₱150,000 (aggregate) | 24 months |
| 66 to 70 years old | 12× the monthly pension, not to exceed ₱100,000 (aggregate) | 18 months |
| 71 to 80 years old | Maximum of ₱50,000 | 12 months |
- All pensioner’s loans are covered by insurance equivalent to the principal loan amount.
- A table of insurance premiums corresponding to the loan will be emailed to you for reference.
- For the 71–80 years old bracket, only existing borrowers can be accommodated.
FAQs
Frequently asked questions.
How long does it take to get a loan?
We can guarantee a maximum of 30–40 minute processing time.
Are there any hidden charges?
We assure you that there are none.
Do I need to open a savings account with you to get a loan?
No, there is no need.
Where should I go?
Please go to the nearest Mactan Bank branch office.
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Learn moreReady to take the next step?
Visit the Mactan Bank branch nearest you — loans are processed in a maximum of 30–40 minutes.