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Provident Form Laf MPL

This document is a loan agreement for a Provident Fund Multi-Purpose Loan from the Department of Education in the Philippines. It outlines the borrower's obligations, including monthly salary deductions for loan repayment and conditions for loan approval. The document also includes sections for certification of employment and assessment by the Provident Fund Secretariat.

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9 views3 pages

Provident Form Laf MPL

This document is a loan agreement for a Provident Fund Multi-Purpose Loan from the Department of Education in the Philippines. It outlines the borrower's obligations, including monthly salary deductions for loan repayment and conditions for loan approval. The document also includes sections for certification of employment and assessment by the Provident Fund Secretariat.

Uploaded by

drewmargalloputa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

SDO-CAL-LAF-MPL

Republic of the Philippines


Department of Education
Schools Division Office Caloocan City
Provident Fund – Multi Purpose Loan

Borrower’s Information Co-Maker’s Information

Specimen Signatures Specimen Signatures

LOAN AGREEMENT
I hereby apply for a Provident Fund Loan in the amount of PESOS: I hereby agree to assume all the outstanding obligations for the grant
____________________________________ (P _____________) . In of this loan should the principal borrower be separated from the
consideration of the grant thereof, I promise to pay all installments service, and either retirement or separation benefits due to him/her
due based on the attached amortization schedule and bind myself is not received or is insufficient to settle the borrower’s outstanding
with the terms and conditions of the loan as stipulated in the loan, and upon proper notification by the Provident Fund Secretariat.
applicable guidelines of the DepEd Provident Fund. This document
also serves as 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
Accordingly, I hereby authorize the deductions of the monthly principal borrower until his/her loan is fully paid.
amortization from my salary. Should I be separated from the service,
I also hereby agree to settle my outstanding loan balance before the
date of my retirement/separation from the service, either through
full payment in cash or through the excution of a notarized
Promissory Note.

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
(1) is a ___ permanent/ ___ co-terminus employee of this office and pending administrative nor civil case charged against him/her based
is not on leave of absence without pay; on records on file with DepEd.
(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.

EDERLYN N. CASTILLO ATTY. KATHRINE MAE M. HOGGANG


Administrative Officer II Attorney III
Date: __________________ Date: ___________________

Page 1 of 3
SDO-CAL-LAF-MPL

SECRETARIAT’S ASSESSMENT/EVALUATION
A.

Reviewed by: Date:


CERTIFICATE OF NO PENDING CASE/NCR ALINE A. CAYANONG
Administrative Officer V
B.

Reviewed by: Date:


MARIANNE B. GARCIA
Administrative Officer IV
C.

Year/s: Month/s:

Verified by: Date:


ALINE A. CAYANONG
Administrative Officer V
D.

MARITES G. LUMBA
Senior Bookkeeper

VALERIE T. MELENCIO
Accountant III

ACTION TAKEN:
Recommending Approval:

NERISSA L. LOSARIA, CESO V


Schools Division Superintendent

Date: ________________

Page 2 of 3
SDO-CAL-LAF-MPL

12 mos. 24 mos. 36 mos. 48 mos. 60 mos.

Subject to the availability of funds, actual need of the teacher / employee applicant, and
other pertinent limitations set fourth, without prejudice to other pending loan applications
for new loans

Authorization for Salary Deduction

Personnel / RPSU Unit

I hereby authorize the deduction of________________________________________________ pesos


(P____________) from my salary for_______ months, starting from ___________.20_____to______________
_____________________. 20_________ or until my total outstanding loan of______________________ pesos
(P _____________) has been fully paid. Amount deducted shall be credited to the account of DepEd Provident
Fund as receivables on the said loans.

________________________________
Signature of Borrower over Printed Name

Employee No._________________________ Status: _________________ Designation: ___________________________


Division: _________________________ Code: _________________ Service: ___________________________

Page 3 of 3

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