Pension Advance Loan
Credit facility designed to support Veteran’s unique financial needs
This service will be available to veterans who have subscribed after they begin receiving monthly checkoff remittance.
It is meant to guarantee veterans of regular and steady cash flow during retirement.
90% of the veteran’s monthly pension remittances is credited to their current account on the date of processing salaries.
A processing fee of 1% is charged on the disbursement with a monthly interest of 1%.
A member will only qualify for two disbursements before repayment, with a maximum amount capped at 75% of back office deposits.
Principal amount and accrued interest are automatically recovered from any other amounts credited to the account.
