News

Decrease in Interest Rate for MEMABA Loans and Increase in Maximum Loanable amount for NON-PENSIONER Retirees

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 :

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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.

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Rest assured that MEMABA will continuously find ways to improve its services .