"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"
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- Complete credit form
- One color copy of passport size photo (3x4)
- Copy of electoral card from the applicant and spouse (if married)
- Copy of retirement certificate or retirement documents from the relevant entity
- A recommendation letter or evidence of eligibility for the pension from the place of work and INSS
- Pension should be transferred and paid through the pensioner’s account at BNCTL.
TERMS AND CONDITIONS
- The maximum credit amount is USD 25,000.00
- The maximum duration is 5 (five) years
- Reimbursement of credit’s principal amount and interest is to be done monthly
- Guarantee: veteran pension and guarantor
- The interest rate is 7.50% per annum
- The administrative fee is 1% of the credit limit
- The processing fee is 1% of the credit limit
- The penalty is 12% per annum
Form for a Pensioner loan click here