UNSECURED SMALL HOUSING LOANS
GUARANTEE FACILITY

Terms and Conditions

Maximum Loan for Guarantee Coverage	Up to P 580,000 (Lot Acquisition / House Construction); and Up to P 300,000 (Home improvements and repairs)
Extent of Guarantee Coverage	Maximum allowable call is 1.2% of the total enrolled account. This is composed of 1.0% Trust Fund and 0.2% from the premiums collected from the Financial Institution.
Government Guarantee	Sovereign
Tax Exemption	11%
Guarantee Premium Rate	1% per annum
Trust Fund	1% of the Guaranteed Loans shall be established by the Client as security for the loan to be guaranteed
Loan Purpose	Lot acquisition and house construction; and Home improvement & repairs
Borrower’s Eligibility	Has no existing small housing loan from other lenders; Has a verifiable source of income; and Has a good record of loan repayment for the last three (3) loan cycles of any type of loan from CLIENT.
Loan Term	Up to 15 years for lot acquisition and house construction; and Up to 5 years for home improvements and repairs
Security / Collateral	Trust Fund