Advisory Client Advisory on Longer Banking Hours. Read here.

DBP Rehabilitation Support Program on Severe Events (RESPONSE)

DBP RESPONSE intends to provide rehabilitation financing support to both public and private institutions, which have been adversely affected by calamities and/or events arising from the occurrence of such calamities. The financing support is granted to eligible borrowers to expedite the recovery process of the business/project and in turn assist in the socio-economic rehabilitation of the calamity-stricken area.

Eligible Borrowers

Public and/or private institutions located and/or operating in areas declared in a state of calamity by competent authority.

Eligible Projects

    1. Businesses/Projects located in areas affected by calamities and/or force majeure events as determined by the appropriate authorities (i.e. President of the Philippines, NDRRMC, concerned LGUs)
    2. Disaster Risk Reduction and Management Projects for Local Government Units (LGUs). LGUs may apply under the Program, even without the declaration of state of calamity, for a standby loan facility for disaster risk reduction and response.

Pre-Qualification Criteria

    1. Declaration of state of calamity or existence of a calamity of an area.
    2. Lending Center/Department Head certification that the borrower and/or project was adversely affected by calamity or event arising from the occurrence of such calamity
    3. For existing borrower
      • Must be in good standing at the time the calamity occurred
      • For agricultural projects, borrower shall be required to have the projects insured under the appropriate insurance package, i.e. Philippine Crop Insurance Corporation (PCIC)
    1. For new borrowers:
      • The business/project has high community/regional development impact
      • The business/project is properly capitalized and financially viable
      • At least 1 year in operation prior to the calamity
      • No adverse findings from banks and major suppliers

Available Options

    1. For New Loans
      1. Loan Amount – Loan amount is up to 95% based on the project requirement or minimum cash requirement
      2. Equity Requirement
        • For Bank Funds – minimum of 5% (depending in the case)
        • For ODA Funds – shall follow the equity requirement of the funder
      3. Interest RateApplicable benchmark rate* at the time of drawdown plus applicable credit spread
        *If ODA fund is used, it shall be based on the cost of funding instead of prevailing market rate
      4. Loan Term
        • For LGUs, water districts, other public institutions and electric cooperatives – up to 15 years inclusive of 3 years grace period
        • For Private institutions – up to 10 years inclusive of 3 years grace period
        • For permanent working capital – up to 5 years with 1 year grace period
    1. For Loan Restructuring

Loan Term

      1. Additional of up to 5 years extension over the remaining term of the loan inclusive of 3 years grace period
      2. For permanent working capital – additional of up to 3 years extension over the remaining term of the loan with 1 year grace period
      3. The grace period (proposed and previously approved) shall not exceed the allowable maximum grace period prescribed by BSP
    1. For Deferment of Payments – Deferment of payment (principal and/or interest) of up to six (6) months

Fees and Other Charges

For New Loans

Fees (front-end fee, commitment fee, pre-payment fee) shall be waived*

*not applicable for loan take-out purposes

For Deferment of Payment and Loan Restructuring

Condonable charges, prepayment penalty* shall be waived

*except if prepayment is due to a loan take-out by other bank/s.  If taken out by other bank, the prepayment penalty shall be based on break funding cost.

Opening of Bank Account

Opening of bank account with DBP where loan proceeds shall be credited and for other loan related transactions.

Mode of Payment

Term loans shall be payable on monthly or quarterly basis (depending on the project cash flows).

Acceptable Collaterals

    1. For LGUs – Assignment of IRA with hold-out on deposits equivalent to one quarter amortization
    2. For Non-LGU Borrowers
      • Real Estate Mortgage (REM)
      • Chattel Mortgage (CHM)
      • Hold-out on Deposits equivalent to one quarter amortization
      • Other acceptable collateral/security to DBP per relevant bank policy may be required based on the assessment of the lending unit.

Application Period

Application period shall be filed within the identified period, as follows:


Application Period

Moratorium/Loan Deferment of Loan Amortizations Application shall be filed within sixty (60) days from date of the declaration of state of calamity. In the case of quarantine event, the deadline for application shall be sixty (60) days after the lifting of such quarantine or mandatory grace period as may be provided by the law or regulations (if any), whichever comes earlier.
New Loan/Restructuring Within one (1) year from date of the declaration of state of calamity.


Application Period for New and Existing Borrowers affected by COVID-19
Options From To
Moratorium/Loan Deferment of Loan Amortizations June 1, 2020 July 31, 2020
New Loan/Restructuring March 8, 2020 March 8, 2021

Download Brochure

For more program information, please contact:

Paul D. Lazaro
Head, Lending Program Management Group
Tel. Nos.: (02) 8893-3545 (dl), (02) 8818-9511 local 3310/3311

Rustico Noli D. Cruz
Head, Program Development and Management I Department
Tel. Nos.: (02) 8893-9745, (02) 8818-9511 local 3328

Carla Gianca C. Gonzales
Program Officer, Program Development and Management I Department
Tel. Nos.: (02) 8818-9511 local 2379

For loan application, you may contact the lending units near you:

Metro Manila Lending Groups
Corporate Banking Group

Carolyn I. Olfindo
Head, Corporate Banking Group
Tel. Nos.: (02) 8812-6536

Ma. Lourdes B. Gumba
Head, Corporate Banking I Department
Tel. Nos.: (02) 8893-8940

Raquel C. Atienza
Head, Corporate Banking II Department
Tel. Nos.: (02) 8813-2730

Suzanne S. Aquino
Head, Financial Institutions Department
Tel. Nos.: (02) 8815-1528

Roxann D. Morales
Head, Public Sector Department
Tel. Nos.: (02) 8815-1520

SME Retail and Mid-Market Lending Group 

Jeanne D. Adamos
Head, Middle Market I Department
Tel. Nos.: (02) 8893-1177

Raymond C. Valdez
Head, Middle Market II Department
Tel. Nos.: (02) 8840-5566

Daniel M. Gonzales
Head, SME Department
Tel. Nos.: (02) 8812-9932

Provincial Lending Groups

Kindly proceed to this link.

Click here for the list of documentary requirements.