Académique Documents
Professionnel Documents
Culture Documents
Reintegration Program
DBP Financing Program for
Overseas Filipino Workers
OUTLINE OF PRESENTATION
RATIONALE
PROGRAM OBJECTIVES
PROGRAM FEATURES
DOCUMENTARY REQUIREMENTS
LOAN PROCESS
Overseas Filipino Workers Reintegration Program
PROGRAM OBJECTIVES
Franchising
Agribusiness
and related
Tourism and businesses
related
industries Industry
Focus
Other Healthcare
Supported and allied
Projects industries
PROGRAM FEATURES
Interest Rate:
Prevailing rate, starts at: 7.5% Loan Amounts
per annum (0.625%/mo) fixed Minimum: P300,000.00
throughout the term of the loan
Maximum: P2,000,000.00
Availability Period
Availability Period The DOFWRP is available for 5
Approved projects: Available years, starting June 2011 up to
up to 6 months from date of June 2016, subject to quarterly
perfection of loan documents and annual review
PROGRAM FEATURES
Security Provisions
Opening of savings account
with the nearest DBP branch
with an average daily
balance equivalent to 1.5%
Documentation Period
of the outstanding
Documents shall be completed
principal balance shall be
within 90 days from date of Notice
maintained in the account of Approval. Extension allowed
once the loan has been subject to payment of 0.125% p.a.
disbursed extension fee
Security arrangements
acceptable to DBP (e.g. Real
Estate Mortgage, Chattel
Mortgage, Purchase Order
and other forms of security
acceptable to DBP)
PROGRAM FEATURES
Chattel Mortgage
Affidavit of Ownership & Certificate of Non-Encumbrance
with Specification
Supplies Quotations complete with technical
specifications, for machinery and equipment
Contract to Sell, for machinery and equipment to be
acquired
Copy of OR/ CR for transportation equipment
PROGRAM FEATURES
Building to be Constructed
Bill of Materials and Cost Estimates
Building Plan and Specifications
Building Permit, to be submitted before construction
Overseas Filipino Workers Reintegration Program
LOAN PROCESS
OFW Borrower DBP
Start
Receives request;
Request for basic info and
prepares required Documentary Requirements
materials (e.g. Loan application
documents, Collateral
documents
A
Overseas Filipino Workers Reintegration Program
PROGRAM FEATURES
OFW Borrower DBP
No Complete
Yes
B
Overseas Filipino Workers Reintegration Program
PROGRAM FEATURES
OFW Borrower DBP
C
Overseas Filipino Workers Reintegration Program
PROGRAM FEATURES
OFW Borrower DBP
Deliberates loan
Yes
Approves loan
D
Overseas Filipino Workers Reintegration Program
PROGRAM FEATURES
OFW Borrower DBP
E
Overseas Filipino Workers Reintegration Program
PROGRAM FEATURES
OFW Borrower DBP
Receives Billing
Issues Billing Statement
statement
End
The DBP-OFWRP is available in DBP
Branches all over the country.
Telephone Numbers
(02) 812-5703; (02) 818-9511 local 2332
Program Development II
Development Bank of the Philippines
3rd Floor, DBP Head Office,
Sen Gil Puyat Ave., cor. Makati Ave., Makati City
THANK YOU