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Fire Loan

    Fire LoanThis loan may be availed by a member who is a fire victim.
    Maximum Loanable Amount₱500,000.00
    Interest Rate4.5% per annum
    Maximum Term2 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)
      RequirementsAccomplished 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.