COMPANY LOAN APPLICATION FORM

(To be filled up by employee)

Employee Name Employee Number

Date Hired Do you currently have an active Multi - [ ] YES [ ] NO

Purpose Loan?
Position Do you currently have an active [ ] YES [ ] NO
Emergency Loan?
Employee’s contact information
Division [ ] Commercial Business [ ] Finance (mobile number)
[ ] Customer Strategy & Experience [ ] Human Resources
[ ] Transformation & Technology [ ] Retail Proposition
[ ] Office of the President [ ] Operations
[ ] Retail Distribution

PLEASE PUT an X to box APPLICABLE LOAN TYPE BEING APPLIED FOR

(To be filled up by employee)
LOAN TYPE PLEASE STATE PURPOSE
FOR LOAN APPLICATION
EMERGENCY LOAN
 Hospitalization/medical procedures not covered by HMO (excluding maternity-related expenses and medicine)
 Expense due to damage of property brought about by fire, typhoon and other natural calamities
 Funeral expenses by immediate dependents (SINGLE: Parents; SINGLE PARENTS: Children; MARRIED: Spouse and Children)
 Maximum of 3-month salary, or P150, 000 whichever is lower, no interest, payable in 24 months.
 Eligibility is at least 6 months of service or upon regularization

AMOUNT OF LOAN APPLIED FOR: ______________________________________________________

MULTI-PURPOSE LOAN (Tenure of Less than 5 years)

 Max. of 2-month salary or P250,000 whichever is lower,
 At 8% interest, payable in 12 or 24 months, depending on employee’s preference.
 Eligibility is at least 1 year of service.

Please choose preferred year/s of payment: ( ) 12 months ( ) 24 months

AMOUNT OF LOAN APPLIED FOR: ______________________________________________________

MULTI-PURPOSE LOAN (Tenure of 5 years & Above)

 Max. of 3-month salary or P400,000 whichever is lower,
 At 8% interest, payable in 12 or 24 months, depending on employee’s preference.
 Eligibility is at least 1 year of service.

Please choose preferred year/s of payment: ( ) 12 months ( ) 24 months

AMOUNT OF LOAN APPLIED FOR: ______________________________________________________

I certify that the information provided in this form and all its attachments are true and correct. Also, I understand and agree with the terms and conditions attached to this company loan application.

I also understand that this company loan application is subject for approval and may be disapproved if any of the eligibility requirements are not met.

_______________________________________________________ _______________________________________
Employee Name & Signature Date Signed

To be filled up by employee To be filled up by HR Personnel Only:

LOAN APPLICATION SUBMITTED BY: LOAN APPLICATION APPROVED BY:

_________________________________________________ _______________________
HR Total Rewards Sr. Manager Date signed
Name & Signature
__________________________________________ _______________
Employee Name & Signature Date Signed

If application is disapproved, please state reason:

( ) Did not meet eligibility and documentary requirements

LOAN APPLICATION ENDORSED BY: ( ) Others

_________________________________________________________
__________________________________________ _______________
Immediate Manager’s Name & Signature Date Signed _________________________________________________________

_________________________________________________________
 TERMS AND CONDITIONS
MULTI PURPOSE LOAN
Multi-purpose loans are given to answer financial needs of employees that are not emergency in nature. Employees typically apply for a multi-purpose loan to cover for children’s tuition
fees, house rent, or purchase of personal items.

Guidelines
 Eligible to apply for multi-purpose loans are regular employees with the following tenure:
1. Regular employees with tenure of less than 5 years is eligible to multi-purpose loan of maximum of two month’s salary or Php 250,000 whichever is lower.
2. Regular employees with tenure of more than 5 years is eligible to multi-purpose loan of maximum of three months’ salary or Php 400,000 whichever is lower.
 The loan comes with an 8% interest per annum.
 The loan is paid in equal installments via salary deduction to a maximum of 12 months or 24 months.
 The first deduction is made on the next immediate payroll after loan is granted.
 Part of the loan eligibility requirements is that there should still be a 50% net take home pay after all fixed deductions (including new loan application) has been applied.
 Loan applications must be received by the Total Rewards Operations Team on or before the 20th of the month and crediting is every end of the month. Loan amount is credited
directly to employee's payroll account.
EMERGENCY LOAN
Emergency loans are given to answer financial needs of employees that are emergency in nature. Employees typically apply for an emergency loan to cover for expenses needed for
hospitalization expenses not covered by HMO and this is applicable for employee and qualified dependents. Emergency loan may also be used for house repairs due to damages incurred
during a calamity and death of an immediate family member.

Guidelines
 Eligible to apply for emergency loans are regular employees with at least 6 months of service or upon regularization.
 Employee may apply up to 3x of his monthly basic pay or P150,000 whichever is lower.
 Emergency loans are paid with 0% interest.
 The loan is paid in equal monthly installments via salary deduction to a maximum of 24 months.
 Part of the loan eligibility requirements is that there should still be a 50% net take home pay after all fixed deductions (including new loan application) has been applied.
 Release of approved emergency loan is within three working days upon submission of the application form. Loan amount is credited directly to employee's payroll account.
 Supporting documents will be required such as follows:
a. Hospitalization – (1) Statement of Account from the hospital; (2) Medical Certificate stating the diagnosis and date/s of hospital confinement
b. Funeral – (1) Death certificate and (2) Proof of relationship between employee and the deceased person
Proof of relationship:
For Single employees Copy of birth certificate of employee
For Single Parents Copy of birth certificate of deceased dependent
For Married employees Copy of marriage certificate if the deceased is spouse
Copy of birth certificate of child/children
c. Calamity
1. Scanned or photocopy of Barangay Certificate 3. Two (2) valid IDs with address and signature.
indicating that employee is a resident of the 4. Proof of ownership of residential unit damaged
said barangay and property has been damaged by the calamity
by the natural calamities 5. For damaged properties, estimated cost of
2. Photos of affected areas within your property repair from a contractor.
IMMEDIATE DEPENDENTS
 Immediate dependents are defined as follows:
SINGLE: Parents Only
SINGLE PARENTS: Child/Children Only
MARRIED: Spouse and Child/Children Only
APPLYING FOR A SECOND LOAN:
 An employee may apply for a second loan as long as he has paid at least 50% of his first loan amortization.
PRE-TERMINATION OF EXISTING LOAN
 Pre-termination of existing loan is not allowed.
RESIGNATION OR TERMINATION OF EMPLOYMENT
 In the event of separation from the company for whatever cause or reason, the principal balance of the loan shall immediately become due and should be paid within 30 days from
effective date of separation. If employee is not able to settle within 30 days from effective date of separation, the full amount will be recovered from employee’s final pay.