Nycers loan applciation 2026

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  1. Click ‘Get Form’ to open the nycers loan application in the editor.
  2. Begin by filling in your personal information, including your first name, last name, member number, and contact details. Ensure all entries are clear and legible.
  3. Proceed to questions 1-6. For each question, select only one option as multiple selections will delay processing. For example, indicate how much you wish to borrow by checking either option A or B.
  4. If you choose Direct Deposit for your loan check, ensure you check 'Yes' for question 3 and provide the necessary banking information on the designated page.
  5. Review your completed application thoroughly. Make sure all required fields are filled out correctly before signing.
  6. Finally, have your signature notarized as required and submit the completed form to the specified address.

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This type of loan will not be issued until after your retirement date as NYCERS completes a review of your account. It may take up to one month to complete the review and issue your loan check.
The maximum limit of loan amount for pensioners who are below 65 is equivalent to six times their monthly pension but not exceeding Php100,000. Pensioners who are 65 to 69 years old may borrow the maximum amount equivalent to four times their monthly pension but not higher than Php60,000.
Eligible members of Tiers 1, 2, 3, or 4 may use this Refunds Service to waive your right to a Vested Retirement Benefit and withdraw your contributions after meeting the Credited Service requirement under your retirement plan.
A qualified plan may, but is not required to provide for loans. If a plan provides for loans, the plan may limit the amount that can be taken as a loan. The maximum amount that the plan can permit as a loan is (1) the greater of $10,000 or 50% of your vested account balance, or (2) $50,000, whichever is less.
You may not borrow less than $1,000, and you can obtain only one loan in any 12-month period. This restriction is governed by law and NYCERS is not permitted to make exceptions, even in emergency situations. There are three ways to apply for a loan: online, by mail, or in person.

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