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PNB Savings Bank offers digital loan facility for SSS pensioners

PNB logoPNB Savings Bank has launched the country’s first digital and mobile lending facility to cater pensioners of the Social Security System (SSS), which is powered by a platform called Lendr, developed by PLDT and Smart’s digital innovations unit Voyager Innovations.

SSS Pensioners with accounts at PNB and PNB Savings Bank can utilize the new facility powered by Lendr to apply for loans anytime, anywhere, using only their mobile phones or laptop devices.

“It has always been our thrust to put our customers first, and enabling our pensioners to take out a loan through Lendr echoes our commitment to making things simple and hassle-free for them,” Joven Hernandez, President and CEO of PNB Savings Bank, said in a statement.

“The benefits of FINTQ’s digital platforms like Lendr are best reaped by hitherto-marginalized segments like pensioners who don’t have access to financial services via traditional means. Because Lendr can be accessed by anyone at any time and wherever they may be, pensioner-clients.”

“PNB Savings Bank clients no longer have to leave their homes in order to apply for a loan. All they need is an Internet connection,” added Orlando B. Vea, President and CEO at Voyager Innovations.

Lendr is expected to further enable banks with their digital transformation, allowing them to reach customers beyond the traditional brick-and-mortar banking establishments. Previously, the digital platform has made available auto loans from China Bank Savings to be availed by interested users online, with more bank partners to be onboarded soon.

By making SSS pension loans available via mobile and online applications, PNB and PNB Savings Bank are making the process convenient and hassle-free for its pensioner-clientele, most of whom may have difficulty reaching traditional bank networks.

“We have designed Lendr to be very user-friendly across various demographics and accessible from a wide range of devices, offering the convenience of quick and hassle-free loans applications to customers,” said Lito Villanueva, President and CEO at FINTQ, the financial technology unit of Voyager Innovations.