2. Submit accomplished HDMF P2-1 together with the complete required documents
NOTE: The member-borrower shall have the option for the release of the loan proceeds:
Through DV/Check
Through Landbanks Payroll Credit System Validation (PACSVAL)
3. Receive Acknowledgment Receipt (HDMF P2-3)
4.
a. If through check On the date of release, present HDMF P2-3
Present two valid ID cards
b. If through PACSVAL On the date of release, withdraw loan proceeds
5. Pay monthly amortization
NOTE: Payments shall be remitted to HDMF on or before the fifteenth (15th) day of each month starting on the 6thmonth following the date on the DV/check.
a. Certificate of Remittance (latest 12 months), optional
b. Certificate of Loan Amortization, if with previous loan, optional
B. DECS-IBM
a. Latest payroll, authenticated by Administrative Officer/Authorized
Signatory
C. OTHER GOVERNMENT AGENCIES
a. Certificate of Remittance (latest 12 months), optional
b. Certificate of Loan Amortization, if with previous loan, optional
c. Latest Payslip, authenticated
d. Updated Service Record
D. PHILIPPINE NATIONAL POLICE
a. Latest Payslip (authenticated)
b. Updated Service Record
E. ARMED FORCES OF THE PHILIPPINES
a. Certificate of Remittance (latest 12 months), optional
b. Certificate of Loan Amortization, if with previous loan, optional
c. Latest Payslip (authenticated)
d. Updated Service Record
Additional Requirements:
Photocopy of passbook or Automatic Teller Machine (ATM) card reflecting
account name and number