Retail Loan Guaranty |
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| Retail Loan Guaranty is a guaranty coverage on loans/credit facility extended for the purchase/acquisition of a single-family residence. |
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FACTS & FIGURES: A P20 M Retail Contract of Guaranty signed on March 4, 2003 between HGC and the Zambales Rural Bank was the first guaranty line approved for a rural bank after the Government housing sector and the Rural Bankers' Association of the Philippines (RBAP) entered into a Memorandum of Agreement. The MOA, among HGC, HUDCC and RBAP, aims to assist homebuyers in availing credit facilities from Rural Banks with the support of Government housing agencies.
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