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DBP Educational Fund Program (DEFP)

The DEF Program is DBP’s umbrella program to support the Bank’s strategic thrust of contributing to the improvement of lives of Filipinos across the nation to make available the highest possible standards of quality education.

Eligible Projects

    For LGUs & Public/Private Educational Institutions (EI)

    • Lot Acquisition and Infrastructure
    • Furniture and Equipment
    • Supplies and Materials
    • Working Capital
    • Other projects eligible for financing such as funding to award scholarships for teachers, local and international education-related travels and other development programs

For Onlending to Students:

    • 2.1 Cost of tuition, board and lodging, books, uniform, school materials, review and licensure fees, travel documentation, travel fees, airfare, and other training fees.

Eligible Borrowers

    • Local Government Units (LGUs) authorized by their respective Local School Boards (LSBs)
    • Private & Public Education Institutions recognized by the Commission on Higher Education, Department of Education (DepEd) and Technical Education and Skills Development Authority
    • Micro Finance Institutions with educational loan programs
    • Training Centers accredited by government regulatory bodies.
    • Other institutions (i.e foundations) who supports educational programs.

Interest Rate

For LGUs & Public/Private Educational Institutions

    • Interest Rate shall be computed based on market-determined variable or fixed rates at the time of drawdown payable and reviewable monthly or quarterly subject to the evaluation of the Business Development Officer in charge.

For Onlending to Students:

    • A maximum of 2% p.a. pass-on spread to student borrowers can be imposed by EI to cover its administrative cost on top of the agreed interest upon DBP’s disbursement to EI.

Repayment Terms

For LGUs

    • Depending on the nature of the project and repayment capacity of the client, loan tenor shall be for a maximum of 10 years.

For Public & Private Educational Institutions

    • Depending on the nature of the project and repayment capacity of the client, the tenor of the loan shall be for a maximum period of ten (10) years.

For Onlending to Students:

    • Up to a maximum of eight (8) years

Loan Amount

For LGUs

    • Maximum Loanable Amount shall be up to 90% of Total Project Cost or Winning Bid Price whichever is lower. 100% financing may be requested through a Special Transaction subject to the evaluation of the Account Officer in charge and approval of higher authorities of the Bank.

For Public & Private Educational Institutions

    • Maximum Loanable Amount shall be up to 90% of Total Project Cost.

For Onlending to Students:

    • Up to 90% of total cost but not to exceed One hundred Fifty Million Pesos (Php 150 million) per Educational institution/training center.

Download Brochure

Program Managers
Paul D. Lazaro
Head, Lending Program Management Group
818-9511 local 3310/3311
pdlazaro@dbp.ph

Rustico Noli D. Cruz
Head, Program Development and Management I
893-1782/818-9511 local 2316
rndcruz@dbp.ph

Raquel C. Anzures
Head, Loan Program Development Unit
893-1782/818-9511 local 2379
rcanzures@dbp.ph

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