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Loan Features
1. Maximum Loan Amount
1. LGUs: 90% of total project cost
2. Private: 80% of total project cost
2. Mode of Payment
Retail: (LGUs/Private Ventures)
- Civil Works: Maximum of 15 years (inclusive of 3 years grace period on principal repayment)
- Equipment: Maximum of 10 years (inclusive of 3 years grace period on principal repayment)
- Working Capital: Maximum of 5 years (inclusive of 3 years grace on principal repayment)
Wholesale: (MFIs/Rural & Thrift Banks/Cooperatives & NGOs
- Up to 10 years (inclusive of 6 months to 2 years grace period on principal repayment)
3. Maximum Loan Amount
a. Market Rate
4. Other Fees
- Commitment Fee - 0.15% per annum on unreleased balance
- Subject to payment of non-utilization fee and prepayment penalty.Non-utilization fee refers to the non-availment of the loan, after a loan drawdown request is made.
5. Loan Collateral/ Insurance
The loan shall be secured by any or a combination of the following:
- Deed of Assignment of specified portion of Internal Revenue Allotment (IRA)
- Real estate/ chattel mortgage
- Government guarantees
- Hold-out on deposits
- Assignment of project income, purchase orders, export receivables, other collateral acceptable to DBP
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