Philippines - Apply for Provident Fund Loan

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Procedure

Apply In-Person:

1. To Apply for Provident Fund Loan, the applicant has to approach the Department of Justice offices link
2. An application form will be provided to the applicant by the concerned officer. Or the applicant can download the application form from the following link
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
6. Submit all the documents with the completed form to the concerned officer.
7. The fee for this procedure is free of cost.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. All applications are processed within a reasonable time, having regard to the particular circumstances of each application, including the completeness of information and documents submitted to the authority by the applicant.
10. The authority may seek additional information from an applicant if this is necessary to assess the application. The authority does not need to deal further with an application until the applicant has provided this additional information.
11. After successful verification the authority will issue the provident fund.
12. The entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

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Required Documents

• Application Form link
• Present Original and attached photocopy of at least one (1) valid I.D. card with name, picture and signature of the applicant, and name and signature of the issuing officer (i.e., Driver’s/ PRC License, BIR, GSIS/SSS, Postal, Voter’s ID, Office/School, valid Passport)

Office Locations & Contacts

DEPARTMENT OF JUSTICE - PHILIPPINES
Padre Faura Street
Ermita, Manila 1000
Republic of the Philippines
Telephone
(+632) 8523 8481 to 98
Contact Details link

Eligibility

• Applicant must be an active member for at least 12 months prior to the loan application
• Applicant must have complied with the monthly net take home pay provisions of the applicable General Appropriations Act (GAA).
• The loanable amount shall be limited to an amount which will not render the borrower’s NTHP to fall below the minimum requirements as prescribed by the GAA.
• Applicant must have no pending criminal/administrative case.
• Applicant has not incurred Leave of Absence without Pay (LWOP).
• Applicant must have contributed at least Thirty Percent of the gross loanable amount. If the fund capital is less than 30% of the loanable amount, the balance will be deducted from the proceeds of the loan to cover the minimum requirement.
• Applicant who has a temporary and co-terminus status of appointment can avail loan in an amount equivalent to 90% of their Capital Contribution.
• The loan may be renewed upon payment of at least six (6) months amortization.

Fees

• The fee for this procedure is free of cost.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

• Application form link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Present Home Address
• Permanent Home Address
• Date of Birth
• Civil Status
• Position
• Salary Grade
• Official Station
• Contact No
• Email address
• Name of Beneficiary/ies
• Date of Birth
• Relationship

Need for the Document

• A Provident Fund is defined as a savings scheme consisting of contributions from both the employees and the employer (in monetary form from members-employees, in monetary or non-monetary form from the employers) which serve as a loan facility and provider of supplementary welfare to employees.

Information which might help

The objectives of the DOJ Provident Fund are as follows:

• To improve the quality of life and general welfare of its members;
• To provide additional source of income and supplementary benefits upon separation from service.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

• Loan Amount: From P25,000 up to P100,000
• Interest rate: Six Percent (6%) per Annum
• Loan charges:
  • Fund Contribution – Two Percent (2%)
  • Previous Loan balance, if there is any
  • Additional Capitalization – Thirty Percent (30%)
• Term of payment: Twelve (12) months