To further help members in their time of need , the MEMABA Board of Trustees has decided to reduce the interest rates for the following loans from 6% to 4.5% effective April 1, 2016:
1. Fire Loan
2. Funeral Loan
3. Hospitalization Loan
The following existing policies will apply :
The Board of Trustees also resolved to increase the maximum loanable amount for all non -pensioner retirees from Php 45,000.00 to Php50,000.00, regardless of loan type, effective April 1, 2016. The following existing policy will apply.
Rest assured that MEMABA will continuously find ways to improve its services .