PNB SSS Pension Loan Program PNB Savings Bank
SSS Pension Loan Program is a convenient credit facility with FREE comprehensive insurance coverage to aid pensioners of their financial needs.
Launch date: 2015
Keywords: Credit, Health Insurance, Senior
The Philippine National Bank together with its consumer arm, PNB Savings Bank, continue to invest on product innovations and technological upgrades that seek to always answer specific customer needs.
One of the most important product launches by PNB in 2015 and PNB Savings Bank in 2016 is the SSS Pension Loan Program. In partnership with the Social Security System (SSS), the program was first introduced by PNB to the public last May 27, 2015 at the PNB SSS Diliman Branch, Quezon City, and was later launched in PNB Savings Bank with a big raffle promotion, SSS “Pensyonado Panalo”, where one hundred (100) pensioner accountholders from PNB and PNB Savings Bank won Ten Thousand Pesos (Php 10,000.00) each for supporting the program. Clients of both Banks earned one (1) raffle entry for either updating their Customer Information Form (CIF) or availing a SSS Pension Loan.
The SSS Pension Loan Program is open to all active SSS pensioners up to 70 years old. It provides a faster turnaround time by crediting pensions directly to the customer’s PNB/PNB Savings Bank accounts. Clients can enjoy very low interest rate and FREE comprehensive insurance coverage which includes: Credit Insurance, where existing loan balance will be fully settled upon death of pensioner; ATMSafe, which provides pensioners added security and protection from ATM skimming or any other forms of ATM theft scams; and Healthy Ka Pinoy Emergency Medical Card, which extends to pensioners emergency treatment at any of the 890 accredited hospitals and clinics in the Philippines.