Loans
Hospitalization LoanThis loan may be availed by the members to help them finance their or their dependents hospital bills and other related hospital expenses.
Maximum Loanable AmountPhp200,000.00
Interest rate4.5% per annum
Maximum Term2 years
Required minimum Take Home Pay (THP)10% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
 Requirements:Accomplished MEMABA Loan Application Form certified by G-3 heads

Computation of Take Home Pay (THP) via HR Express

Co-maker (same pay grade level or higher)

Statement of Account from the Hospital and/or attending Physician

Official Receipt/s if payments already been made for reimbursement.
Notes:Loan proceeds must be made payable to the hospital, attending physician, medical service provider and supplier.

A Member may be allowed for reimbursement only if there is non business operation (MEMABA) on the date of discharge or medical treatment provided with Official Receipt.

May be applied within a period of one (1) month from the date of confinement or treatment.
Funeral LoanThis loan may be availed by the members to cover funeral and memorial service expenses of their dependents.
Maximum Loanable AmountPhp150,000.00
Interest rate4.5% per annum
Maximum Term2 years
Required minimum Take Home Pay (THP)10% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
RequirementsAccomplished MEMABA Loan Application Form certified by G-3 heads

Computation of Take Home Pay (THP) via HR Express Co-maker (same pay grade level or higher)

A photocopy of the registered Death Certificate
Note:May be applied within a period of one (1) month from the date of death.


Fire LoanThis loan may be availed by a member who is a fire victim.
Maximum Loanable AmountPhp500,000.00
Interest rate4.5% per annum
Maximum Term2 years
Required minimum Take Home Pay (THP)10% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
RequirementsAccomplished MEMABA Loan Application Form certified by G-3 heads
Computation of Take Home Pay (THP) via HR Express

Co-maker (same pay grade level or higher)

Barangay Certificate
Photograph of the incident
Municipal Report of the Incident from Bureau of Fire Protection
NotesThe address reported where the fire occurred must be the same address registered by the Member in
his/her Data for Benefit Claim.

An investigation shall be conducted by the
management of MEMABA or Meralco Security to verify the occurrence of the fire incident, proof of residence and proof of ownership.

The loan may be applied within a period of one (1)
month from the date of the fire incident.


Supplemental LoanThis loan may be availed by the members to help them meet other financial needs
Maximum Loanable AmountPhp150,000.00
Interest rate6% per annum
Maximum Term3 years
Required minimum Take Home Pay (THP)40% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
RequirementsAccomplished MEMABA Loan Application Form certified by G-3 heads

Computation of Take Home Pay (THP) via HR Express

Co-maker (same pay grade level or higher)
NoteLoan renewal will only be allowed if he has paid at least 50% of the outstanding loan.


Medicine LoanThis loan may be availed by the members thrice a year to cover the purchase of their own or their dependents prescribed medicines including that of their dependents formula milk.
Maximum Loanable AmountPhp5,000.00
Interest rate4.5% per annum
Maximum Term1 year
Required minimum Take Home Pay (THP)10% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
RequirementsAccomplished MEMABA Loan Application Form certified by G-3 heads

Computation of Take Home Pay (THP) via HR Express

Co-maker (same pay grade level or higher)
Prescription of the medicine
NotesThe loan may be applied within a period of one (1) month from the date of the prescription.

A purchase order (PO) shall be issued by the MEMABA to be presented to the accredited drug store (Mercury Drug-Robinson’s Galleria Branch only).


Calamity LoanIt is one of the Association’s mandate to render assistance to members who are severely affected by calamities as declared by the government.
Maximum Loanable AmountPhp30,000.00
Interest rate3.5% per annum
Maximum Term2 years
Required minimum Take Home Pay (THP)10% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
RequirementsAccomplished MEMABA Loan Application Form certified by G-3 heads

Computation of Take Home Pay (THP) via HR Express

Co-maker (same pay grade level or higher)

Educational LoanThis loan may be availed by the members to help them finance their own or their dependents tuition fees and other school fees.
Maximum Loanable AmountPhp250,000.00
Interest rate4.5% per annum
Maximum Term1 year
Required minimum Take Home Pay (THP)10% (Active Employee)
Approval from Meralco Payroll (Pensioner)
Subject for Company Policy (Affiliates)
RequirementsAccomplished MEMABA Loan Application Form certified by G-3 heads

Computation of Take Home Pay (THP) via HR Express

No co-maker for member who is Meralco employee

Statement of account from the School
NoteCheck would be payable to the School or Institution