Philippines - Apply for LGU (Local Government Unit) Loan

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Procedure

Apply In Person:

1. To Apply for LGU (Local Government Unit) Loan, the applicant has to approach the Department of Finance link
2. An application form will be provided to the applicant by the concerned officer.
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. There is no fee for LGU (Local Government Unit) Loan.
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. An acknowledgment receipt will be provided. Please save it for future reference.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. Once the process gets completed, the applicant gets a call from the office regarding the application.
12. The applicant has to visit the office to complete further processes for getting a loan.
13. If the applicant's loan application is approved, the applicant will be required to sign a loan agreement. Be sure to read and understand the terms and conditions of the loan before signing.
14. Once the applicant has signed the loan agreement, the LGU will release the loan funds to them. Be sure to use the funds only for the purpose specified in the loan agreement.
15. This entire process can be completed within 4- 5 weeks or as per the timeline advised by the respective department authority.

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Required Documents

• Application form
• Passport size photographs
• ID proof (Birth Certificate, national Identity card, etc)
• Address proof -– (Driving license, passbook, utility bill, etc)
• Post-Borrowing Reports (PBR)
• Passbook copy
• Post-Loan release Report (PLRR)
• Sworn Certification on Lending to Local Government Units (LGUs)
• Statement of Indebtedness, Payments, and Balances (SIPB)
• Any other document (if required)

Office Locations & Contacts

Department of Finance
Address: 2335 Roxas Blvd, Malate, Manila, 1004 Metro Manila, Philippines
Phone: +63 2 8523 6051
Contact link

Eligibility

• Any government employee who intends to Apply for EC Credit Salary Loan is eligible to make this application.

Fees

• There is no fee for LGU (Local Government Unit) Loan.

Validity

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

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 4- 5 weeks 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

• applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Nationality
• Date of Birth
• Gender
• Residential Address
• Residential No
• Mobile No
• Email Address
• Educational Qualifications
• Work Experience
• Contact details
• Date
• Signature

Need for the Document

• An LGU (Local Government Unit) loan in the Philippines is a type of loan provided by the local government unit to eligible individuals or organizations within their jurisdiction.
• These loans are often designed to support small and medium-sized businesses, farmers, fisherfolk, and other groups that may have difficulty accessing traditional financing from banks and other financial institutions.

Information which might help

• For more information link

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

More information which might help people.