Letter of Application for Retail and Developmental Guaranty Line

HCG letter for application of retail and developmental guaranty line

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: _____________________________
Date

HOME GUARANTY CORPORATION
4/F Jade Building, 335 Sen. Gil Puyat Avenue,
Makati City

Attention

:

MS. MELINDA M. ADRIANO
Vice President
Guaranty Group

Gentlemen:
We would like to apply for the following guaranty facilities:
GUARANTY FACILITY
Retail Guaranty Line
Developmental Guaranty Line

AMOUNT
P

GUARANTY COVERAGE
Standard or Bond
Cash or Bond

Attached is ____ check no. _________ dated _________ in the amount of
P10,000 as payment for application fee and the following documents for your
evaluation, to wit:
I.

COMPANY PROFILE
a)
Company background
b)
SEC Registration & Articles of Incorporation & By-Laws
c)
Shareholders with breakdown of shares of stocks (Authorized,
Subscribed & Paid-up)
d)
Secretary's Certificate evidencing Board's approval for a
guaranty line application.
e)
Principal officers & their bio-data
f)
Organizational Structure
g)
Services Offered

II.

FINANCIALS
a)
Audited Financial Statements for the past three (3) years duly
stamped received by the Bureau of Internal Revenue (BIR)
b)
Income & Business Tax Returns for the last three (3) years
stamped received by the BIR
c)
CAMELS Rating (For bank-applicants only)
d)
BSP’s Bank Examiner’s Report on the Bank

III.

CREDIT POLICIES & GUIDELINES
a)
As to purpose
b)
Borrowers’ 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:
a)

Account
Name

For Developmental Line
Project Name

Location

No. of Units

Ave. Sales
Packages

Loan Amount

1.

b)

Retail Line

For Real Estate Mortgages
Housing Packages

No. of
Accts.

Additional Information for CTS Accounts
Value
(PhP)

Originating
Developer

Name of
Subdivision

Location of
Property

P 400k & below
Above P 400k – 3.0m
Above P 3.0m – 4.0m
Above P 4.0m

Total

c)

Housing Loans Portfolio
1. Total Volume
2. Interest Rate
3. Collection Efficiency

Your favorable consideration on this matter is highly appreciated.

Very truly yours,

_______________________________
_______________________________

CTS Buyer’s
Equity

Seasoning
Period