Page 79 - CC Division Office 2020 1st Edition v1_Neat

2. PROCESSING OF PROVIDENT LOAN APPLICATIONS FOR
P50,000.00 ABOVE

Schedule of Availability:
Monday to Friday, 8:00 am to 5:00 pm with no noon break

Office or Division: Accounting Unit
Classification: Simple Transaction, within 3 working days
Type of Government to Government
Transaction:
Who may avail: a. Active Employees with at least six (6) months in service
b. No “Undeducted” Loans from other lending institutions
c. Net Pay of employee shall not get below P 5,000.00 if the monthly
amortization will be deducted
d. For renewal of loans, at least 50% of the loan amount is already
paid
e. Salary of Co-maker is higher than the salary of the Provident Loan
Borrower
f. The Loan shall be used for emergency need of the
Teacher/Employee, or immediate and other members of the family
th
up to 4 degree of consanguinity
CHECKLIST OF REQUIREMENTS WHERE TO SECURE
2 copies Provident Loan Application Accounting Unit
2 copies Service Record Personnel
2 copies Original/Certified true copy of Requesting Entity
latest pay slip
2 copies Request Letter – Approved by Requesting Entity
School Head / PSDS
2 copies Attachment as to evidence on the Requesting Entity
use of the loan.
FEES
PERSON
CLIENT STEPS AGENCY ACTIONS TO BE PROCESSING RESPONSIBLE
TIME
PAID
1. Fill out Application 1. Check if Request 15 Minutes Administrative
Form and other Form is properly Aide
documentary filled out and
requirements and attachments are
submit to complete
Provident Fund
Administrative
Aide
2. Assigns 30 Minutes Administrative
application Number None Aide

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