"The pensioner credit is a credit specifically granted to retired public servants/private sector staff with monetary pension right from any public or private entities and non-government organization whose pension is transferred to and received at a dedicated account at BNCTL"


  1. Complete credit form
  2. One color copy of passport size photo (3x4)
  3. Copy of electoral card from the applicant and spouse (if married)
  4. Copy of retirement certificate or retirement documents from the relevant entity
  5. A recommendation letter or evidence of eligibility for the pension from the place of work and INSS
  6. Pension should be transferred and paid through the pensioner’s account at BNCTL.



  1. The maximum credit amount is USD 25,000.00
  2. The maximum duration is 5 (five) years
  3. Reimbursement of credit’s principal amount and interest is to be done monthly
  4. Guarantee: veteran pension and guarantor
  5. The interest rate is 7.50% per annum
  6. The administrative fee is 1% of the credit limit
  7. The processing fee is 1% of the credit limit
  8. The penalty is 12% per annum


Form for a Pensioner loan click here