The Association also provides a variety of short and long-term loan packages for the various purposes and needs of the members.
| Hospitalization Loan | This loan may be availed by the members to help them finance their or their dependents hospital bills and other related hospital expenses. |
| Maximum Loanable Amount | ₱200,000.00 |
| Interest Rate | 4.5% per annum |
| Maximum Term | 2 years |
| Required Minimum Take Home Pay (THP) | At least 10% of salary (Active Employee) Approval from Meralco Payroll (Pensioner) Subject for Company Policy (Subsidiaries and Affiliates) |
| Requirements: | Accomplished MEMABA Loan Application Form certified by G-3 head Computation of Take Home Pay (THP) 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 no 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 Loan | This loan may be availed by the members to cover funeral and memorial service expenses of their dependents. |
| Maximum Loanable Amount | ₱150,000.00 |
| Interest Rate | 4.5% per annum |
| Maximum Term | 2 years |
| Required Minimum Take Home Pay (THP) | At least 10% of salary (Active Employee) Approval from Meralco Payroll (Pensioner) Subject for Company Policy (Subsidiaries and Affiliates) |
| Requirements | Accomplished MEMABA Loan Application Form certified by G-3 head Computation of Take Home Pay (THP) Co-maker (same pay grade level or higher) A photocopy of the registered Death Certificate |
| Notes: | May be applied within a period of one (1) month from the date of death. |
| Fire Loan | This loan may be availed by a member who is a fire victim. |
| Maximum Loanable Amount | ₱500,000.00 |
| Interest Rate | 4.5% per annum |
| Maximum Term | 2 years |
| Required Minimum Take Home Pay (THP) | At least 10% of salary (Active Employee) Approval from Meralco Payroll (Pensioner) Subject for Company Policy (Subsidiaries and Affiliates) |
| Requirements | Accomplished MEMABA Loan Application Form certified by G-3 head Computation of Take Home Pay (THP) Co-maker (same pay grade level or higher) Barangay Certificate Photograph of the incident Municipal Report of the Incident from Bureau of Fire Protection |
| Notes: | The 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 Loan | This loan may be availed by the members to help them meet other financial needs |
| Maximum Loanable Amount | ₱150,000.00 |
| Interest Rate | 6% per annum |
| Maximum Term | 3 years |
| Required Minimum Take Home Pay (THP) | At least 40% of salary (Active Employee) Approval from Meralco Payroll (Pensioner) Subject for Company Policy (Subsidiaries and Affiliates) |
| Requirements | Accomplished MEMABA Loan Application Form certified by G-3 head Computation of Take Home Pay (THP) Co-maker (same pay grade level or higher) |
| Notes: | Loan renewal will only be allowed if he has paid at least 50% of the outstanding loan. |
| Medicine Loan | This 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 Amount | ₱5,000.00 |
| Interest Rate | 4.5% per annum |
| Maximum Term | 1 year |
| Required Minimum Take Home Pay (THP) | At least 10% of salary (Active Employee) Approval from Meralco Payroll (Pensioner) Subject for Company Policy (Subsidiaries and 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) Prescription of the medicine |
| Notes: | The 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 Loan | It 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 Amount | ₱30,000.00 |
| Interest Rate | 3.5% per annum |
| Maximum Term | 2 years |
| Required minimum Take Home Pay (THP) | At least 10% of salary (Active Employee) Approval from Meralco Payroll (Pensioner) Subject for Company Policy (Subsidiaries and Affiliates) |
| Requirements | Accomplished MEMABA Loan Application Form certified by G-3 heads Computation of Take Home Pay (THP) Co-maker (same pay grade level or higher) |
| Educational Loan | This loan may be availed by the members to help them finance their own or their dependents tuition fees and other school fees. |
| Maximum Loanable Amount | ₱250,000.00 |
| Interest rate | 4.5% per annum |
| Maximum Term | 1 year |
| 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 No co-maker for member who is Meralco employee Statement of account from the School |
| Note: | Check would be payable to the School or Institution |