Loan Eligibility Criteria for Retail Loan Guaranty

1. Loan to Collateral Ratio - To be eligible for guaranty, the account shall involve a principal obligation not to exceed:

   SALES PACKAGE	LOANABLE AMOUNT
   Socialized Housing	100% of appraised value
   Low-Cost Housing	90% of appraised value
   Medium-Cost Housing	80% of appraised value
   Open-Housing	70% of appraised value

   
   
2. Loan Package - Maximum of Php 10.0 Million
3. Term of the Loan - Not to exceed thirty (30) years
4. Location

• The property must be located in an urban center;
• If located in a subdivision, must be fully developed and of Class "A" development per provisions of PD 957 or BP 220-A, i.e. concrete roads and gutters, underground drainage systems, water, and electrical facilities;
• If not located in a subdivision, must be in area classified as residential with direct access to sewerage, water, drainage, roads, and electrical facilities;
• Not in flood prone or lahar endangered areas;
• Accessible;
• Must not fall within the government's Zone Improvement Program (ZIP) or Areas for Priority Development (APD).