Multi-purpose loan for pensioner! Fulfill all needs. Happiness has never retired.
Updated Date 1 Oct 2020
Special MLR rate MLR - 1.90% per annum for 12 months*
Loan term is up to 30 years
No age limit for borrower
Interest-only repayment is optional.
Loan Limit/Borrower Qualifications
- The loan limit shall not exceed the remaining inherited gratuity of the borrower as the collateral.
- The borrower must be a pensioner or a special pensioner, a monthly gratuity recipient or a special monthly gratuity recipient.
- Available for new borrower or the existing borrower who requests for additional loan limit.
- Use only the certificate of inherited gratuity as collateral.
*This is a special interest rate for new borrower who receive a monthly pension/gratuity only. Conditions are as specified by the Bank. Loan approval is under the discretion of the Bank. (MLR = 5.25% per annum as of September 1, 2020)
Submit a loan application within 31 December 2020.
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