News

Increase in Maximum Loanable Amount and Change in Maximum Term of Supplemental Loan

Your MERALCO Employees Mutual Aid and Benefits Association , Inc. (MEMABA, Inc.) is pleased to announce that the Board of Trustees has approved , with the concurrence of the Insurance Commission , to increase the maximum loanable amount of the Supplemental Loan , from the existing PhP 100,000.00 to PhP150,000.00; and extend the prevailing maximum term , from two (2) years to three (3) years, effective immediately .

October 2016 – Memorandum – Increase in Maximum Loanable Amount