DECS PROVIDENT FUND LOAN REQUIREMENTS

100,000.00 and Below Additional requirements for 100,001.00 and Above Loan
ü Loan Application Form (LAF) 2 Copies ü Letter Request stating your loan purpose.
ü Authorization for Salary Deduction ü Attach any of the following:
ü Latest Pay slip of the Borrower (original and 1
photocopy) (No Undeducted Loan) Purpose ( ProvideAttachment
2 Copies Each)
ü Photocopy of VALID ID (Borrower) with 3 specimen · Hospitalization - Medical Expenses, Medical
signature
abstract/certificate, prescription and diagnosis.
ü Approved Appointment (for FIRST TIME Borrowers · Calamity - Barangay or LGU certificate/resolution declaring
and Co-terminus employees only)
the borrower’s place under State of Calamity.
ü Document showing that the co-terminus employee
has rendered at least 2 years’ service in DepEd, e.g.
Notarized Contract of Service.
ü Photocopy of Co-maker’s latest pay slip.(No
Undeducted Loan)

Note:
Ø Borrower and co-maker should not reach the mandatory age retirement on or before the maturity of his/her loan.
Ø Co-maker’s Salary grade and Step should be the same or higher than the borrower.

DECS PROVIDENT FUND LOAN REQUIREMENTS

100,000.00 and Below Additional requirements for 100,001.00 and Above Loan
ü Loan Application Form (LAF) 2 Copies ü Letter Request stating your loan purpose.
ü Authorization for Salary Deduction ü Attach any of the following:
ü Latest Pay slip of the Borrower (original and 1
photocopy) (No Undeducted Loan) Purpose ( ProvideAttachment
2 Copies Each)
ü Photocopy of VALID ID (Borrower) with 3 specimen · Hospitalization - Medical Expenses, Medical
signature
abstract/certificate, prescription and diagnosis.
ü Approved Appointment (for FIRST TIME Borrowers · Calamity - Barangay or LGU certificate/resolution declaring
and Co-terminus employees only)
the borrower’s place under State of Calamity.
ü Document showing that the co-terminus employee
has rendered at least 2 years’ service in DepEd, e.g.
Notarized Contract of Service.
ü Photocopy of Co-maker’s latest pay slip.(No
Undeducted Loan)

Note:
Ø Borrower and co-maker should not reach the mandatory age retirement on or before the maturity of his/her loan.
Ø Co-maker’s Salary grade and Step should be the same or higher than the borrower.

DECS PROVIDENT FUND LOAN REQUIREMENTS

100,000.00 and Below Additional requirements for 100,001.00 and Above Loan
ü Loan Application Form (LAF) 2 Copies ü Letter Request stating your loan purpose.
ü Authorization for Salary Deduction ü Attach any of the following:
ü Latest Pay slip of the Borrower (original and 1
photocopy) (No Undeducted Loan) Purpose ( ProvideAttachment
2 Copies Each)
ü Photocopy of VALID ID (Borrower) with 3 specimen · Hospitalization - Medical Expenses, Medical
signature
abstract/certificate, prescription and diagnosis.
ü Approved Appointment (for FIRST TIME Borrowers · Calamity - Barangay or LGU certificate/resolution declaring
and Co-terminus employees only)
the borrower’s place under State of Calamity.
ü Document showing that the co-terminus employee
has rendered at least 2 years’ service in DepEd, e.g.
Notarized Contract of Service.
ü Photocopy of Co-maker’s latest pay slip.(No
Undeducted Loan)

Note:
Ø Borrower and co-maker should not reach the mandatory age retirement on or before the maturity of his/her loan.
Ø Co-maker’s Salary grade and Step should be the same or higher than the borrower.
(Enclosure to DepEd Order No. 037, S. 2018) ANNEX "A"
Republic of the Philippines
Department of Education
Provident Fund
Date Submitted: Loan Application No.
Loan Amount PhP Purpose:
Educational
Type of Loan: Term: year/s Hospitalization/Medical
Multi-purpose Long Medication/ Rehabilitation
New House Arrears/Equity
Renewal House Repair - Major
Additional House Repair - Minor
Payment of Loans from Private Institution
Calamity
Others (specify):
Borrower's Information Co-maker's Information

(Surname) (First Name) (M.I) (Surname) (First Name) (M.I)

Home Address: Home Address:

Position Position
Employee No: Employment Status: Employee No: Employment Status:
Office: Office:
Date of Birth: Age: Date of Birth: Age:
Monthly Salary: Office Tel No. Monthly Salary: Office Tel No.
Years in Service: Mobile No. Years in Service: Mobile No.
DepEd E-mail address: DepEd E-mail address:
Specimen Signatures: Specimen Signatures:

LOAN AGREEMENT
I hereby apply for a Provident Fund Loan in the amount of pesos:
(P ).
I hereby agree to assume all the outstanding obligations for the grant of
In consideration of the grant thereof, I promise to pay all installments this loan should the principal borrower be separated from the service,
due based on the attached amortization schedule and bind myself with and either retirement or separation benefits due to him/her is not
the terms and conditions of the loan as stipulated in the applicable received or is insufficient to settle the borrower's outstanding loan, and
guidelines of the DepEd Provident Fund. This document also serves as upon proper notification by the Provident Fund Secretariat.
the Promissory Note upon approval of this loan.

Accordingly, I hereby authorize the monthly deduction from my salary of

the amortizations for the outstanding obligation of the principal
Accordingly, I hereby authorize the deductions of the monthly borrower until his/her loan is fully paid.
amortization form my salary. Should I be separated from the service, I
also hereby agree to settle my outstanding loan balance before the due
date of my retirement/separation from the service, either through full
payment in cash or through the execution of a notarized Promissory
Note.

Signature of Borrower Date Signature of Co-maker Date

over Printed Name over Printed Name
CERTIFICATE OF EMPLOYMENT AND CREDIBILITY
Personnel Division/ Unit: Legal Service/Unit:

This is to certify that the above loan applicant/borrower: This is to certify that the above loan applicant/ borrower has no pending
(1) is a permanent/ co-terminus employee of this administrative nor civil case charge against him/her based on records on
file with DepEd.
office and is not on leave of absence without pay;
(2) has net pay of PhP for the payroll month &
year of ; and
(3) has given the true and correct information on the Loan
Application Form.

ROSALINDA N. DIONIO ATTY. VEVIRLIE O. GALLO

Administrative Officer V Attorney III
Date: Date:
NOTE: PLEASE LEAVE THE BACK PAGE EMPTY
 Authorization for Salary Deduction

THE PAYROLL SERVICES DIVISION/ UNIT

DepEd Div. of Davao del Norte
Mankilam, Tagum City

I hereby authorize the deduction of PESOS (P ) from my salary for months,

starting in 20 to ,20 or until my outstanding loan of
PESOS (P ) has been fully paid. Amount deducted shall be credited to the account of the DepEd Provident Fund
as receivables on the said loans.

Signature over Printed Name

Employee No. Status: Designation:
Division: Station Code: No. years in Service:

AMORTIZATION SCHEDULE
Amount of Loan 12 months 24 Months 36 Months 48 Months 60 Months
( ) 10,000.00 860.67 443.21 304.22 234.85 193.33
( ) 20,000.00 1,721.33 886.41 608.44 469.70 386.66
( ) 30,000.00 2,581.99 1,329.62 912.66 704.55 579.98
( ) 40,000.00 3,442.66 1,772.82 1,216.88 939.40 773.31
( ) 50,000.00 4,303.32 2,216.03 1,521.10 1,174.25 966.64
( ) 60,000.00 5,163.99 2,659.24 1,825.32 1,409.10 1,159.97
( ) 70,000.00 6,024.65 3,102.44 2,129.54 1,643.95 1,353.30
( ) 80,000.00 6,885.32 3,545.65 2,433.75 1,878.80 1,546.62
( ) 90,000.00 7,745.98 3,988.85 2,737.97 2,113.65 1,739.95
( ) 100,000.00 8,606.64 4,432.06 3,042.19 2,348.50 1,933.28
( ) 110,000.00 9,467.31 4,875.27 3,346.41 2,583.35 2,126.61
( ) 120,000.00 10,327.97 5,318.47 3,650.63 2,818.20 2,319.94
( ) 130,000.00 11,188.64 5,761.68 3,954.85 3,053.05 2,513.26
( ) 140,000.00 12,049.30 6,204.89 4,259.07 3,287.90 2,706.59
( ) 150,000.00 12,909.96 6,648.09 4,563.29 3,522.75 2,899.92
( ) 160,000.00 13,770.63 7,091.30 4,867.51 3,757.60 3,093.25
( ) 170,000.00 14,631.30 7,534.50 5,171.73 3,992.45 3,286.58
( ) 180,000.00 15,491.96 7,977.71 5,475.95 4,227.31 3,479.90
( ) 190,000.00 16,352.62 8,420.92 5,780.17 4,462.16 3,673.23
( ) 200,000.00 17,713.29 8,864.12 6,084.39 4,697.01 3,866.56
Pls. encircle preferred amortization schedule (subject to computation of monthly net take home pay)

Authorization for Salary Deduction

THE PAYROLL SERVICES DIVISION/ UNIT

DepEd Div. of Davao del Norte
Mankilam, Tagum City

I hereby authorize the deduction of PESOS (P ) from my salary for months,

starting in 20 to ,20 or until my outstanding loan of
PESOS (P ) has been fully paid. Amount deducted shall be credited to the account of the DepEd Provident Fund
as receivables on the said loans.

Signature over Printed Name

Employee No. Status: Designation:
Division: Station Code: No. years in Service:
NOTE: Please print this in a separate sheet of paper.
Thank you