Republic of the Philippines

DEPARTMENT OF EDUCATION
Provident Fund Loan - (Regional Office No.]

AMORTIZATION SCHEDULE
Diminishing Interest per DO 52, s. 2017
Date: 06 February 2024
Borrower's Name:
Office:
Loan No.: Loan Term Contractual Interest Rate (CIR)
Principal Amount: ₱300,000.00 In Months: 60 per Annum: 6.000%
Type of Loan: REGULAR - NEW In Year/s: 5 per Month: 0.500%
Payment Start: July/2023 Nominal Interest Rate (NIR) Effective Interest Rate (EIR)
Payment End: June/2028 for 5 year/s: 15.997% per Annum: 5.956%
Monthly Installment: ₱5,799.85 per Annum: 3.199% per Month: 0.483%

0 Month Intallment Period Principal Interest Total/Cashflow Principal Balance 0

1 May-2023 1 - - 300,000.00 300,000.00 1
2 Jun-2023 2 - - - 300,000.00 2
3 Jul-2023 3 4,299.85 1,500.00 (5,799.85) 295,700.15 3
4 Aug-2023 4 4,321.35 1,478.50 (5,799.85) 291,378.80 4
5 Sep-2023 5 4,342.96 1,456.89 (5,799.85) 287,035.84 5
6 Oct-2023 6 4,364.67 1,435.18 (5,799.85) 282,671.17 6
7 Nov-2023 7 4,386.49 1,413.36 (5,799.85) 278,284.68 7
8 Dec-2023 8 4,408.43 1,391.42 (5,799.85) 273,876.25 8
9 Jan-2024 9 4,430.47 1,369.38 (5,799.85) 269,445.78 9
10 Feb-2024 10 4,452.62 1,347.23 (5,799.85) 264,993.16 10
11 Mar-2024 11 4,474.88 1,324.97 (5,799.85) 260,518.28 11
12 Apr-2024 12 4,497.26 1,302.59 (5,799.85) 256,021.02 12
13 May-2024 13 4,519.74 1,280.11 (5,799.85) 251,501.28 13
14 Jun-2024 14 4,542.34 1,257.51 (5,799.85) 246,958.94 14
15 Jul-2024 15 4,565.06 1,234.79 (5,799.85) 242,393.88 15
16 Aug-2024 16 4,587.88 1,211.97 (5,799.85) 237,806.00 16
17 Sep-2024 17 4,610.82 1,189.03 (5,799.85) 233,195.18 17
18 Oct-2024 18 4,633.87 1,165.98 (5,799.85) 228,561.31 18
19 Nov-2024 19 4,657.04 1,142.81 (5,799.85) 223,904.27 19
20 Dec-2024 20 4,680.33 1,119.52 (5,799.85) 219,223.94 20
21 Jan-2025 21 4,703.73 1,096.12 (5,799.85) 214,520.21 21
22 Feb-2025 22 4,727.25 1,072.60 (5,799.85) 209,792.96 22
23 Mar-2025 23 4,750.89 1,048.96 (5,799.85) 205,042.07 23
24 Apr-2025 24 4,774.64 1,025.21 (5,799.85) 200,267.43 24
25 May-2025 25 4,798.51 1,001.34 (5,799.85) 195,468.92 25
26 Jun-2025 26 4,822.51 977.34 (5,799.85) 190,646.41 26
27 Jul-2025 27 4,846.62 953.23 (5,799.85) 185,799.79 27
28 Aug-2025 28 4,870.85 929.00 (5,799.85) 180,928.94 28
29 Sep-2025 29 4,895.21 904.64 (5,799.85) 176,033.73 29
30 Oct-2025 30 4,919.68 880.17 (5,799.85) 171,114.05 30
31 Nov-2025 31 4,944.28 855.57 (5,799.85) 166,169.77 31
32 Dec-2025 32 4,969.00 830.85 (5,799.85) 161,200.77 32
33 Jan-2026 33 4,993.85 806.00 (5,799.85) 156,206.92 33
34 Feb-2026 34 5,018.82 781.03 (5,799.85) 151,188.10 34
35 Mar-2026 35 5,043.91 755.94 (5,799.85) 146,144.19 35
36 Apr-2026 36 5,069.13 730.72 (5,799.85) 141,075.06 36
37 May-2026 37 5,094.47 705.38 (5,799.85) 135,980.59 37
38 Jun-2026 38 5,119.95 679.90 (5,799.85) 130,860.64 38
39 Jul-2026 39 5,145.55 654.30 (5,799.85) 125,715.09 39
40 Aug-2026 40 5,171.27 628.58 (5,799.85) 120,543.82 40
41 Sep-2026 41 5,197.13 602.72 (5,799.85) 115,346.69 41
42 Oct-2026 42 5,223.12 576.73 (5,799.85) 110,123.57 42
43 Nov-2026 43 5,249.23 550.62 (5,799.85) 104,874.34 43
44 Dec-2026 44 5,275.48 524.37 (5,799.85) 99,598.86 44
45 Jan-2027 45 5,301.86 497.99 (5,799.85) 94,297.00 45
46 Feb-2027 46 5,328.36 471.49 (5,799.85) 88,968.64 46
47 Mar-2027 47 5,355.01 444.84 (5,799.85) 83,613.63 47
48 Apr-2027 48 5,381.78 418.07 (5,799.85) 78,231.85 48
49 May-2027 49 5,408.69 391.16 (5,799.85) 72,823.16 49
50 Jun-2027 50 5,435.73 364.12 (5,799.85) 67,387.43 50
51 Jul-2027 51 5,462.91 336.94 (5,799.85) 61,924.52 51
52 Aug-2027 52 5,490.23 309.62 (5,799.85) 56,434.29 52
53 Sep-2027 53 5,517.68 282.17 (5,799.85) 50,916.61 53
54 Oct-2027 54 5,545.27 254.58 (5,799.85) 45,371.34 54
55 Nov-2027 55 5,572.99 226.86 (5,799.85) 39,798.35 55
56 Dec-2027 56 5,600.86 198.99 (5,799.85) 34,197.49 56
57 Jan-2028 57 5,628.86 170.99 (5,799.85) 28,568.63 57
58 Feb-2028 58 5,657.01 142.84 (5,799.85) 22,911.62 58
59 Mar-2028 59 5,685.29 114.56 (5,799.85) 17,226.33 59
60 Apr-2028 60 5,713.72 86.13 (5,799.85) 11,512.61 60
61 May-2028 61 5,742.29 57.56 (5,799.85) 5,770.32 61
62 Jun-2028 62 5,770.32 28.85 (5,799.17) (0.00) 62
TOTAL: 300,000.00 47,990.32 (347,990.32)

Prepared by:

SAMSUDIN M. PARAID
Provident Secretariat
 DEPED PROVIDENT FUND LOAN
AMORTIZATION SCHEDULE
Diminishing Interest per DO 52, s. 2017

LOAN MONTHLY AMORTIZATION

AMOUNT 12 Mos 24 Mos 36 Mos` 48 Mos 50 Mos
10,000.00 860.67 443.21 304.22 234.86 193.33
20,000.00 1,721.33 886.42 608.44 469.71 386.66
30,000.00 2,582.00 1,329.62 912.66 704.56 579.99
40,000.00 3,442.66 1,772.83 1,216.88 939.41 773.32
50,000.00 4,303.33 2,216.04 1,521.10 1,174.26 996.65
60,000.00 5,163.99 2,659.24 1,825.32 1,409.11 1,159.97
70,000.00 6,024.66 3,102.45 2,129.54 1,643.96 1,353.30
80,000.00 6,885.32 3,545.65 2,433.76 1,878.81 1,546.63
90,000.00 7,745.98 3,988.86 2,737.98 2,113.66 1,739.96
100,000.00 8,606.65 4,432.07 3,042.20 2,348.51 1,933.29
120,000.00 10,327.98 5,318.48 3,650.64 2,818.21 2,319.94
130,000.00 11,188.64 5,761.68 3,954.86 3,053.06 2,513.27
140,000.00 12,049.31 6,204.89 4,259.08 3,287.91 2,706.60
150,000.00 12,909.97 6,648.10 4,563.30 3,522.76 2,899.93
200,000.00 17,213.29 8,864.13 6,084.39 4,697.01 3,866.57
PROVIDENT FUND LOAN Documentary Requirements: PROVIDENT FUND LOAN Documentary Requirements:
Name of Applicant: ___________________________________ Name of Applicant: ___________________________________
Loan Amount: __________________________ Loan Amount: __________________________
Type of Loan: New, Renewal, Additional Type of Loan: New, Renewal, Additional
A. Documents Submitted: [Two (2) Copies of each] A. Documents Submitted: [Two (2) Copies of each]
Loan Application Form (LAF) Loan Application Form (LAF)
Authorization to Deduct Authorization to Deduct
Latest copy of pay slip (Original copy) Latest copy of pay slip (Original)
Photocopy of DepEd ID Photocopy of DepEd ID
Approved Appointment (for FIRST TIME borrowers and Approved Appointment (for FIRST TIME borrowers and
Co-terminus employees only) Co-terminus employees only)
Copy of Notarized Contract of Service as proof of two (2) Copy of Notarized Contract of Service as proof of two (2)
years continuous service (for Co-terminus only) years continuous service (for Co-terminus only)
Others (specify): Others (specify):
B Additional documents for Additional Loan: B Additional documents for Additional Loan:

Letter request Letter request

Hospitalization/Medical Expenses Hospitalization/Medical Expenses
Medical Abstract/Certificate/Prescription/Diagnosis Medical Abstract/Certificate/Prescription/Diagnosis
Barangay/LGU certificate/resolution declaring Barangay/LGU certificate/resolution declaring
the borrower's place under State of Calamity the borrower's place under State of Calamity
SMP/PFCL/AD-P/_____/____________ SMP/PFCL/AD-P/_____/____________
 Republic of the Philippines
DEPARTMENT OF EDUCATION
PROVIDENT FUND LOAN

Date Submitted: Loan Application No. 2020 -

Loan Amount: PhP Purpose:
o Educational
Type of Loan: Term: year/s o Hospitalization/Medical
o Multi-purpose o Long Medication/Rehabilitation
o New o House Arrears/Equity
o Renewal o House Repair - Major
o Additional o House Repair - Minor
o Payment of Loans from Private Institution
o Calamity
o Others (specify):
Borrower's Information Co-Maker's Information

(Surname) (First Name) (M.I.) (Surname) (First Name) (M.I.)

Home Address: Home Address:

Position: Position:
Employee No.: Employment Status: Employee No.: Employment Status:
Office: Office:
Date of Birth: Age: Date of Birth: Age:
Monthly Salary: PhP Office tel. #: Monthly Salary: PhP Office tel. #:
Years in Service: Mobile no. Years in Service: Mobile no.
DepEd E-mail address: @deped.gov.ph

Specimen Signatures: Specimen Signatures:

LOAN AGREEMENT
I hereby apply for a Provident Fund Loan in the amount of PESOS: I hereby agree to assume all the outstanding obligations for the grant of
_______________________________________ (P ___________). In this loan should the principal borrower be separated from the service,
consideration of the grant thereof, I promise to pay all installments due and either retirement or separation benefits due to him/her is not
based on the attached amortization schedule and bind myself with the received or is insufficient to settle the borrower's outstanding loan, and
terms and conditions of the loan as stipulated in the applicable upon proper notification by the Provident Fund Secretariat.
guidelines of the DepEd Provident Fund. This document also serves as
the Promissory Note upon approval of this loan. Accordingly, I hereby authorize the monthly deduction from my salary
of the amortizations for the outstanding obligation of the principal
Accordingly, I hereby authorize the deductions of the monthly borrower until his/her loan is fully paid.
amortization from my salary. Should I be separated from the service, I
also hereby agree to settle my outstanding loan balance before the
date of my retirement/separation from the service, either through full
payment in cash or through the execution of a notarized Promissory
Note.

Signature of Borrower Date Signature of Co-Maker Date

over Printed Name over Printed Name
CERTIFICATE OF EMPLOYMENT AND CREDIBILITY
Personnel Section: Legal Section:
This is to certify that the above loan applicant/borrower: This is to certify that the above loan applicant/borrower has no pending
(1) is a ___ permanent/___ co-terminus employee of this Office administrative nor civil case charge against him/her based on records
and is not on leave of absence without pay; on file with DepEd.
(2) has net pay of PhP_____________ for the payroll month &
year of ____________________; and
(3) has given the true and correct information on the Loan
Application Form.

JUVY LYN L. MANGIBUNONG ATTY. JOEYFER S. VILLANUEVA

Signature over Printed Name Signature over Printed Name
Designation: Administrative Officer IV Designation: Attorney-III
Date: Date:
 SECRETARIAT'S ASSESSMENT/EVALUATION

A. Documents Submitted: [Two (2) Copies of each]

o Loan Application Form (LAF) o Additional documents for Additional Loan:
o Authorization to Deduct o Letter request
o Latest copy of pay slip o Hospitalization/Medical Expenses
o Photocopy of DepEd ID o Medical Abstract/Certificate/Prescription/Diagnosis
o Approved Appointment (for FIRST TIME borrowers and o Barangay/LGU certificate/resolution declaring
Co-terminus employees only) the borrower's place under State of Calamity
o Copy of Notarized Contract of Service as proof of two (2)
years continuous service (for Co-terminus only)
o Others (specify):

B. Completeness and Veracity of Submitted Documents:

o Signed and completely filled out LAF Reviewed by: Date:
o Complete supporting documents for type of loan applied for
o Signatures on LAF are by authorized signatories

C. Eligibility of the Borrower and Co-Maker

o Borrower will not reach the mandatory age retirement on or before the maturity of his/her loan. Age:
o Co-Maker will not reach the mandatory age retirement on or before the maturity of the borrower's loan. Age:
o Borrower has Outstanding PF Loan Balance:
o Current Loan Balance Amount: PhP
o Past-Due Loans Amount: PhP
o No. of Years/Months Past-Due: Year/s: Month/s:
o Borrower's Net Take-Home Pay after deduction of monthly amortization of the loan being applied for is equal to or
higher than the required threshold for the current year.
o For renewal of loans: Borrower has paid at least 30% of the Verified by: Date:
principal of the existing loan.
Percentage of principal paid: %

D. Computation of Loan:
Principal Amount of Loan PhP Net Take Home Pay after Deduction PhP
Less: Outstanding Balance of Loan to be Renewed Monthly Amortization PhP
Principal PhP Period of Loan (mm/yy - mm/yy)
Interest
Net Proceeds PhP Date Processed:

Remarks:
Processed by:
Signature over Printed Name
Secretariat, Regional Board of Trustees (RBT)

Reviewed by: CHERILYN G. MATURAN, CPA

Signature over Printed Name
Secretariat, RBT

ACTION TAKEN:

Recommending Approval: o Approved

o Disapproved

JOHANNAH D. BANTAS OMAR A. OBAS, CESO V

Administrative Officer V Schools Division Superintendent
Head, PF Secretariat, RBT Chairperson, DepEd PF RBT
Date: _____________________ Date: _____________________
 Republic of the Philippines
Department of Education
REGION XII
SCHOOLS DIVISION OFFICE OF COTABATO

AUTHORIZATION FOR SALARY DEDUCTION

Administrative Division
DepED SOCCSKSARGEN Regional Office

I hereby authorize the deduction of ________________________________________ PESOS

(P__________) from my salary for ______ months, from __________________, 20 ___ to
__________________, 20 ___, or until my total outstanding loan of
________________________________________ PESOS (P__________) plus interest has been fully paid.
Amount deducted shall be credited to the account of the DepEd Provident Fund as receivables on
the said loans.

Signature of Borrower over Printed Name

Employee No.: Office/Division:

Designation: Service/Bureau:
Status: Code:

Republic of the Philippines

Department of Education
REGION XII
SCHOOLS DIVISION OFFICE OF COTABATO

AUTHORIZATION FOR SALARY DEDUCTION

Administrative Division
DepED SOCCSKSARGEN Regional Office

I hereby authorize the deduction of ________________________________________ PESOS

(P__________) from my salary for ______ months, from __________________, 20 ___ to
__________________, 20 ___, or until my total outstanding loan of
________________________________________ PESOS (P__________) plus interest has been fully paid.
Amount deducted shall be credited to the account of the DepEd Provident Fund as receivables on
the said loans.

Signature of Borrower over Printed Name

Employee No.: Office/Division:

Designation: Service/Bureau:
Status: Code: