DIRECT DEVELOPMENTAL LOAN PROGRAM
CHECKLIST OF REQUIREMENTS
A. CREDIT EVALUATION
/ / 1.0 Letter of Application
/ / 2.0 Company Information Sheet (IL1)
/ / 3.0 Registration Papers:
For Corporation:
/ / SEC Registration (By - Laws, Articles of Incorporation)
For Partnership:
/ / SEC Registration (By - Laws, Articles of Partnership)
For Single Proprietorship:
/ / DTI Registration
/ / Mayor’s Permit
/ / Contractor’s License, if applicable
/ / 4.0 Notarized Secretary’s Certificate / Board Resolution (Authority to Borrow, to
Mortgage/Assign, and Authorized Signatory/ies), for the application under the
Pag-IBIG Fund’s Direct Developmental Loan Program for the development of
________________ project in ______________
/ / 5.0 Resume of Key Officer/Directors & Key Technical Staff
(Engineers & Architects)
/ / 6.0 Three (3) bank references/letter of authorization to conduct
bank verification (IL3)
/ / 7.0 Credit references from suppliers/letter of authority to conduct
supplier verification (IL4)
/ / 8.0 Audited Financial Statements and Income Tax Return for the past three (3)
years duly received by the SEC and accompanied by an Auditor’s Report
and Certificate of Accreditation of the External Auditor
/ / 9.0 Certificate of Accreditation of the External Auditor
/ / 10.0 Full Medical Examination ( for Single Proprietor)
/ / 11.0 Filing fee of P10,000.00 (non-refundable)
/ / 12.0 Processing Fee of P ______________ (payable upon loan approval)
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B. PROJECT EVALUATION
/ / 1.0 Project Profile (IL2)
2.0 Technical Evaluation
/ / 2.1 Certified True Copy of OCTs/TCTs
/ / 2.2 Tax Declaration/Tax Clearance Certificate
/ / 2.3 DAR Clearances, if applicable
/ / 2.5 Clearance/Approval from HLURB to mortgage the property
/ / 2.6 Bar Chart, PERT CPM
/ / 2.7 Copy of Landowner-Developer Agreement (if applicable)
3.0 Financial Evaluation
/ / 3.1 Projected Cashflow
/ / 3.2 Profit and Loss Statement
4.0 Market Evaluation
/ / 4.1 Duly accomplished Market Survey Form
(at least 30% of the total production)
C. OTHER REQUIREMENTS
/ / Interim Financial Statement s for the period ending ________
/ / Proof of payment of Pag-IBIG contribution of employees
/ / List of on-going and completed projects
/ / Detailed list of selling prices per model
/ / List of major stockholders and the number of shares owned, amount
owned and percentage of ownership (with attached pro-forma)
Dn:Institutional Loans
Fn:DDLP checklist of Requirements
2
ANNEX A
DIRECT DEVELOPMENTAL LOAN PROGRAM
CHECKLIST OF TECHNICAL REQUIREMENTS
A. FOR PROPERTY IDENTIFICATION
/ / 1.0 Present Title and 2 tracebacks (certified true copy-not more
than 3 months from date of issuance)
/ / 2.0 Tax Declaration/Tax Clearance/Certificate of Tax Receipt
(latest copy)
/ / 3.0 DAR Conversion or Exemption Clearance (if property was
previously classified as agriculture after 15 June 1988)
/ / 4.0 Environmental Clearance Certificate (ECC) from DENR
/ / 5.0 Vicinity Map (duly signed by a geodetic engineer showing existence of
facilities within the 5 km. radius)
/ / 6.0 Location Plan (duly approved by the Bureau of Lands)
/ / 7.0 Subdivision Plan (duly approved by the Bureau of Lands)
/ / 8.0 Location Clearance/Development Permit from HLURB/LGU
/ / 9.0 Certificate of Registration (COR)
/ / 10.0 License to Sell (LTS)
/ / 11.0 Building, Sanitary and Electrical Permits
/ / 12.0 Verified Survey Return (VSR)
/ / 13.0 Previous Appraisal Report, if any
NOTE: all documents should be certified true copy
B. LAND DEVELOPMENT
/ / 1.0 Site Development Plan
/ / 2.0 Topographic Map
/ / 3.0 Subdivision Plan indicating:
/ / 3.1 finished gradeline
/ / 3.2 natural gradeline
3
/ / 4.0 Subdivision utilities Plans and Details:
/ / 4.1 power distribution system (layout/scheming)
/ / 4.2 water distribution system (including water tank)
/ / 4.3 source of water
/ / 4.4 drainage system
/ / 4.5 sewer system
/ / 5.0 Road layout stationing, dimensions, radius of curvature, etc.
properly indicated
/ / 6.0 Road profiles and road cross-sections at intervals of 20 m.
/ / 7.0 Detailed Bill of Materials and Cost estimates (duly signed
& sealed by the design engineer)
/ / 8.0 Specifications (duly signed & sealed by the design
engineer)
/ / 9.0 Construction Schedule, Bar Chart (duly signed & sealed by
the design engineer)
/ / 10.0 Panoramic picture of the property to be developed
NOTE: Development Plans should be signed and sealed by the Design
engineer and original stamped “APPROVED” by the HLURB/LGU
C. BUILDING CONSTRUCTION (per house/building model)
/ / 1.0 Location Plan
/ / 2.0 Perspective
/ / 3.0 Floor Plan(s)
/ / 4.0 Four (4) Elevations
/ / 5.0 Two (2) Sections
/ / 6.0 Foundation Plan and Details
/ / 7.0 Floor Framing Plan and Details
/ / 8.0 Roof Plan and Details
/ / 9.0 Roof Framing Plan and Details
/ / 10.0 Plumbing and Drainage layout with isometric plan and details
/ / 11.0 Septic Tank Plan and Details
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/ / 12.0 Electrical layout with riser diagram
/ / 13.0 Toilet and Bathroom details
/ / 14.0 Kitchen counter details
/ / 15.0 Schedule of Doors and Windows
/ / 16.0 Cabinet Details (if applicable)
/ / 17.0 Specifications (duly signed & sealed by the design engineer)
/ / 18.0 Detailed Bill of Materials and Cost Estimates (duly signed
& sealed by the design engineer)
/ / 19.0 Construction Schedule/Bar Chart (duly signed & sealed by
the design engineer)
/ / 20.0 Methods of Construction
/ / 21.0 House picture per model/house (4 elevations and interior)
/ / 22.0 Color-coded subdivision plan indicating the house model
to be constructed per lot
NOTE:
1.0 All Plans should be signed and sealed by the design
engineers and original stamped “APPROVED” by
HLURB/LGU.
2.0 HDMF reserves the right to request for additional
documents to facilitate project/loan evaluation process.
Dn:Institutional Loans
Fn:ddlp-technical
5
PRO-FORMA LETTER OF APPLICATION
(COMPANY LETTERHEAD)
__________________
__________________
__________________
__________________
Attention: _______________
_______________
Dear ________________:
This is to officially inform you of the ______________________________’s
interest to apply for Developmental Loan Financing through HDMF’s Direct
Developmental Loan Program for ____________________________ which is
(Name of Project)
located in _________________________.
(Location)
In this regard, we are transmitting all the requirements which were prepared in
accordance with the program’s policies on which we have been appraised, and
which we have fully understood and accepted.
Very truly yours,
___________________
(Name)
___________________
(Position)
___________________
(Dept.. /Group)
___________________
(Telephone No.)
6
HDMF
IL3
AUTHORIZATION TO CONDUCT BANK INVESTIGATION
____________________
____________________
____________________
____________________
Gentlemen:
This is to authorize the Pag-IBIG Fund, duly represented by
____________________________________, to confirm the status of our account/s
with your bank , in connection with our company’s application for
___________________________________________ with the said institution.
Thank you.
Very truly yours,
__________________________
Signature over printed name
_________________________
Position
_________________________
Company
7
(COMPANY LETTERHEAD)
HDMF
IL4
AUTHORIZATION TO CONDUCT SUPPLIER’S INVESTIGATION
____________________
____________________
____________________
____________________
Gentlemen:
This is to authorize the Pag-IBIG Fund, duly represented by
____________________________________, to confirm the status of our past and
present dealings with you, in connection with our company’s application for
___________________________________________ with the said institution.
Thank you.
Very truly yours,
__________________________
Signature over printed name
_________________________
Position
_________________________
Company
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MARKET SURVEY FORM
Date: ____________
Buyer’s Name: Date of Birth : Age:
Mailing Address:
Marital Status: Single Married Legally Separated Widower Others
Employer:
Employer Address:
Employment Status: Permanent Temporary Casual
Telephone Mobile Phone Home Office
Number/s:
Name of Spouse:
Spouse’s Employer:
Spouse’s Employer Address:
Personal Monthly Salary (Basic + Allowances):
Do you have other sources of income aside from salary? (If yes, please specify.)
Source of Additional Income
Average Monthly Additional Income
Spouse’s Monthly Salary (Basic + Allowance):
Are you a Pag-IBIG member? Yes No
Have you availed of a Pag-IBIG housing loan? Yes No
Have you been a co-borrower of a Pag-IBIG housing loan? Yes No
Do you want to buy a house and lot from (Name of the Subdivision)? Yes No
Preferences:
Lot Size: square meters
House Floor Area: square meters
Type of House Single Detached Single Attached
Duplex Row house
If you will be granted a Pag-IBIG Housing Loan, how much can you afford to pay as your
monthly amortization? P _______________________.
___________________________________ _____________________
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Buyer’s Signature Date
SECRETARY’S CERTIFICATE
I, ____________________________________________, Filipino, of legal age, after being
duly sworn in accordance with law, depose and state:
1. That I am the duly elected and qualified Corporate Secretary of
_________________________________________________, a corporation duly
organized and existing under the laws of the Republic of the Philippines with principal
address at ________________________________________.
2. That during the meeting of the Board of Directors of
________________________________________, on _________________ at
________________________ quorum was present Board Resolution No. _________
was duly passed and approved, to wit:
“RESOLVED that _____________________________________________ is hereby
designated and authorized to negotiate the total amount of
__________________________________________ (P _______________)
Developmental Loan with the Pag-IBIG Fund under such terms and conditions as the
Pag-IBIG Fund may deem proper to stipulate therein.”
“RESOLVED FURTHER that any of the following signatories whose specimen
signatures appear below are also hereby authorized to execute, sign and deliver in
behalf of the Corporation, all documents, papers and other instruments that may be
necessary and required for the establishment and/or availment of developmental loan
under the Pag-IBIG Direct Developmental Loan Program (DDLP).”
________________________________________________
________________________________________________
___________________________
3. That the foregoing Resolutions are of full force and effect in all their parts and have not
been amended, suspended or revoked.
IN WITNESS WHEREOF, I have signed these presents this _____________ day of
________________, 20 ____.
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ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
___________________________) S.S.
SUBSCRIBED AND SWORN TO before me this ____ day of ____________, ____, affiant
exhibiting to me his Community Tax Certificate No. ________________ issued at
_____________________________ on _________________________.
NOTARY PUBLIC
Doc. No. _______
Page No. _______
Book No. _______
Series of _______
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