Guaranty Line Application Checklist of Requirements

HCG requirements checklist for guaranty line application

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Checklist of Requirements

I.

COMPANY PROFILE
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II.

Company Background
SEC Registration and Articles of Incorporation
Shareholders with breakdown of shares of stocks
Secretary’s Certificate – board approval for a guaranty line application
Principal officers and their bio-data
Organizational structure
Services/ Products offered

FINANCIALS
___ Audited Financial Statements for the past three (3) years duly received by
the Bureau of Internal Revenue (BIR)
___ Income and Business Tax Returns for the past three (3) years duly received
by the BIR
___ Tax Clearance from BIR – to prove full and timely payments of taxes
___ BSP’s CAMELS Rating – for bank applicants only
___ BSP’s Bank Examiner Report on the Bank

III.

HOUSING LOAN CREDIT POLICIES AND GUIDELINES
As to the following:
a) Purpose
b) Borrower’s eligibility
c) Credit Ratio
d) Loan limit
e) Security
f) Term
g) Interest rate
h) Approving Authority
i) Credit Management Structure

IV.

PROSPECTIVE ENROLLMENTS
Containing the following data:

Account Name
1.
2.

a) For Developmental Line
Project Name
Location

b) Retail Line
For Real Estate Mortgages
Housing Packages

No. of
Accts.

No. of Units

Ave. Sales Package

Loan Amount

Additional Information for CTS Accounts
Value
(PhP)

Originating
Developer

P400k & below
Above P400k-3.0m
Above P3.0m-4.0m
Above P4.0m
c) Loans Portfolio
1. Total Volume
2. Interest Rate
3. Collection Efficiency

Name of
Subdivision

Location of
Property

CTS Buyer’s
Equity

Seasoning
Period