Loans for Pensioners

How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
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*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval

Who can get a Digido loan?

You are 21-70 years old
You are a Filipino citizen
You have a valid government ID
Last updated: March 24, 2023

Key takeaways:

  • In the Philippines, there are many opportunities to get a pension loan both through the government and through private companies.
  • This can be a serious financial support in case of an emergency.
  • Retirees can borrow from a bank, a pawn shop, an online company, or through a government program such as the SSS loan.
  • People who are retired but are still actively working, such as running their own business, and are still under the age of 70 can take advantage of loans at Digido.


As soon as a person retires and becomes a pensioner, his or her income is most often reduced. It becomes more difficult to plan large purchases or expensive treatment. And even more money is needed, because health costs are increasing, and sometimes you need to help your children. To solve this problem, there are loans for pensioners in the Philippines.

Can I Take a Pension Loan at Digido?

Digido is an online money lending service that provides small loans for people who are still working but not to individuals living on pensioners loan.

However, individuals, who are receiving a pension but are still actively engaged in work like running their own business, and are still 70 years of age or lower, can avail of loans from Digido.

So what is the process of obtaining a loan from Digido? Before actually getting a loan, you must first know what type of loan and how much you need.

First-time borrowers can only borrow PHP 1,000.00 to PHP 10,000.00 and these amounts are payable within 5-15 days. Now there is a special offer of interest-free loan for a first-time borrower. Repeat borrowers can borrow PHP 1,000.00 to PHP 25,000.00, which is payable within 5-35 days. The interest rate for loans under the short term is 1.5% daily.

Digido Loan Requirements

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 5000 pesos in your bank account
We don't require guarantors representation, documentation, or guarantee deposits.
The service is fully automated

What Loans are Available for Pensioners in the Philippines?

Consider a few ways where a pensioner can take a loan

  • Government Lending Programs
  • Bank Loans
  • Pawnshops
  • Quick Lending Companies
Apply now

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Fast Loan in 15 Minutes

What is a SSS Pensioner Loan?

SSS Pensioner Loan is a program run by the Social Social Security System that allows retirees to borrow large amounts from SSS. In this case, SSS acts as a lending company for SSS pensioner loan.

What exactly is SSS? The Social Security System is an agency set up to handle insurance for employees who are not working in government (GSIS handles insurance for government employees) so every employee of all privately owned businesses must adhere to the monthly contributions. The contributions are also sourced from volunteer contributors, i.e., self-employed and private individuals. Overseas Filipino Workers (OFWs) also pay a certain amount.

SSS members who fail to pay their monthly contributions are not required to pay the missed months, however, to be approved for a instant cash loan for pensioners, the borrower must have 36 posted contributions and the last 6 should be within the last 12 months before applying for the loan.

Who Can Become a Member of the SSS Pension Loan Program?

All retirees who are SSS members should be:

– 85 years old by the time the loan term ends;-

– still receiving their monthly SSS pension in full without deduction;

– receiving pension with an active status and not for less than 1 month;

– SSS pension is not being used to pay off an earlier loan under the SSS calamity package.

How Much Can a Pensioner Borrow from the Social Security System?

It all depends on the Basic Monthly Pension (BMP) plus PHP 1,000.00. Dependent’s Pension is not included. The higher the pensioner’s Basic Monthly Pension, the higher the amount that can be borrowed but there is a maximum cap of PHP 200,000.00 at the highest end.

GSIS Pension Loan

Now we’ll tell you about the GSIS loan. The GSIS pension loan is similar to the SSS, but it’s only for government employees.
To use the GSIS pension loan, you need to fill out an application. Then you must send it to the officer in charge at the GSIS office where you are duly registered. Provide your ID card and other documents proving that you are a senior citizen.

The maximum loan you can get is 500,000 pesos, and the interest rate on the GSIS senior citizen loan is 10% per year. You can repay the loan in 24 equal monthly payments. This amount will be deducted from your pension each month.

Next, let’s talk about the GSIS survivorship pension loan. The Board of Trustees has decided to pay back the survivorship loan. This means that spouses and children can receive the GSIS pension of a deceased member, even if they are working themselves. The survivor loan is called a BSP or basic survivor pension. The government, through GSIS, will pay the surviving spouse of the member. The total amount is 50% of the member’s minimum basic pension. If there is no spouse, the children will be the beneficiaries.

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Disclaimer: This article was written based on information available to the writer at the time of publication and the article was published for promotional, reference, and educational purposes only. Nothing in the articles published in the website is intended to constitute legal or financial advice and users are advised to seek counsel from legal and financial professionals.

Likewise, rates or offers published in the websites are promotional marketing offers only and do not constitute any binding contract between the Corporation and the website users.While the writers and publishers of the articles in the website wrote the articles using credible information available to them at the time of publication, any changes or updates to the information presented in this article may not be reflected here.

Hence, users are enjoined to exercise appropriate diligence in using the data and information published in the website, and they are urged to study and compare it with other credible sources. Users understand that the writers, publisher, website owner and the Corporation are not liable for any damage or injury they sustained for their wrongful or erroneous use of the data or information written in the article and published in the website.


  • Can a pensioner apply for a loan?
    Yes, some companies give loans to pensioners. For example, Digido gives loans to Filipinos up to age 70, as long as they have extra income.
  • Can a pensioner get a loan from SSS?
    Yes, a pensioner can do it online if he/she meets all the requirements.
  • Are Online Pension Loans Legit?
    Yes, many companies in the Philippines issue loans legally and have a registration number in the government registry.
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