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Loan Application
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CI/BI Report
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CoSigner’s Profile
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Loan Recommendation Sheet
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Promissory Note
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Discount Statement
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Loan Amortization Schedule
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Deed of Assignment of Deposit
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Security Agreement/Kasabutan
• Credit Memo for Savings Account or Cashier’s Check
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Signature Cards for Opening of Savings Account
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• Basis for determining whether the applicant meets the basic eligibility criteria of the ABC Loan
• Given to the client after the client orientation session and submitted to the AO after completion
• AO should assist Clients who need help in completing the application if required.
• Should be properly filled out
• Signed by borrower and the co-borrower
• Can be handwritten. But if handwriting is not legible, should be typewritten
• With client’s picture ID and any other requirements
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• Basis for determining the client’s character and capacity to pay
• Contains information about the client’s personal circumstances, assets, credit history, savings, details of his/her business, cash flow analysis, results of character checking, and the AO’s own assessment and recommendations on the loan application
• Prepared and signed by the AO
• Reviewed by the MFU Supervisor
• AO is responsible for verifying all information supplied in the CI report. Any false information deliberately supplied by the AO will be a cause for disciplinary action.
• Can be handwritten
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• Prepared by the AO by interviewing the co-signer
• Signed by the co-signer after the interview
• Used to determine the eligibility of the person as co-signer
• Contains information about the co-signer’s personal circumstances, details of his/her occupation and income, relationship to the client, and his/her willingness to act as co-signer.
• Before the interview, AO should clearly explain to the person the responsibilities of a co-signer and the strict policy of the bank with regard to loan collection
• Can be handwritten
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• Prepared by the AO
• Submitted to the Credit Committee along with the loan application and CI report
• Contains the highlights of the CI report
• Indicates the decision taken by the Credit Committee with regards to the loan application
• Can be handwritten
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• Serves as the main loan document or evidence that the client has taken out a loan from the bank and agrees to the terms and conditions of the loan
• Indicates the date of PN, name of borrower, amount of loan, maturity date, interest rate and penalty charges, and other conditions of the loan
• Loan amortization schedule is attached to the PN
• Signed by the borrower(s), co-signer(s) at the bank immediately before loan release
• Also signed by the AO and MFU Supervisor as witnesses
• Prepare required number of copies (2 )
• Should be checked by the MFU Supervisor to make sure that the completed PN is in order
• Should be typewritten
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• Shows amount of financial and non-financial charges to be deducted from the loan, and the net proceeds of the loan
• Also proves that the net proceeds have been received by the borrower
• Prepared necessary copies – the original copy of which is given to the borrower and copy/ies kept for file
• Checked by the bank accountant
• Signed by the borrower immediately after the proceeds of the loan are disbursed (through deposit or CC)
• Should be typewritten
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• Provides additional guarantee (aside from co-signer’s guarantee) for the loan from the borrower
• Indicates the type of assets owned and offered by the borrower to secure his/her loan, and the borrower’s consent to turn these assets over and allow them to be sold by the bank if s/he fails to comply with his/her obligation
• Prepared by the AO
• Signed by the borrower and spouse before loan disbursement
• Also signed by the AO and MFU supervisor as witnesses
• Can be handwritten
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