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DBP Rehabilitation Support Program on Severe Events (RESPONSE)

DBP RESPONSE provides 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).
      *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. 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
      3. 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.

Other Conditions:

    1. Opening of Bank Account
      Opening of bank account with DBP where loan proceeds shall be credited and for other loan related transactions.
    2. Acceptable Collaterals
      • For LGUs – Assignment of IRA with hold-out on deposits equivalent to one quarter amortization
      • 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.

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 for new or additional loans affected by COVID-19 is extended until September 12, 2022, or as may be extended.

For loans affected by Typhoon Odette, kindly refer to the table below:

*Areas not included in the table may apply as long as proof of Declaration of the State of Calamity is presented.

Documentary Requirements

    1. DBP Application Form
    2. Customer Information File Form with Loan Record Form
    3. Financial Statements (Audited/Unaudited) for the latest three (3) years (if applicable)/Relevant Financial Document
    4. Authority for the Bank to conduct inquiry and provide credit information to/from credit bureaus and other banks/creditors (DBP form)
    5. Board/Sanggunian resolution and/or Secretary’s Certificate authorizing the loan, indicating the authorized signatories and authorized person to transact the loan
    6. Project details (including detailed cost estimates)
    7. For public institutions
      1. Copy of LGU’s Disaster Risk Reduction and Management Plan and budget allocation (for LGUs)
      2. BLGF Certification on Net Debt Service Cover and Borrowing Capacity (for LGUs)
      3. MB Opinion (if already available, otherwise Pre-release condition)
    8. For private institutions
      1. Business Registration (from DTI/SEC/CDA)
      2. Business Permit (from LGU)
      3. Business/Company profile (including details of subsidiaries and/or affiliates, Board of Directors and management, and Stockholders)
      4. Latest General Information Sheet
      5. By-Laws and Articles of Incorporation/cooperation
    9. Additional Requirements (if applicable):
      1. Real Estate Collateral/Security
        • Two copies of Location Plan with Vicinity Map
        • Two copies of TCT/OCT
        • Latest Real Estate Tax Declaration and Tax Receipt
      2. Chattel Collateral
        • Affidavit of Ownership and Certification of Non-Encumbrance with specifications
        • Suppliers Quotation complete with technical specifications, for machinery and equipment
        • Contract to Sell, for machinery and equipment to be acquired
        • Copy of OR/CR for transportation equipment
      3. Building rehabilitation
        • Bills of Materials and Cost Estimates
        • Building Plan and Specification
        • Building Permit, to be submitted before construction

Additional documents may be requested by the handling Account Officer.

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
E-mail: pdlazaro@dbp.ph

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

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

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

Metro Manila Lending Groups

Ma. Lourdes B. Gumba
Head, Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: mlbgumba@dbp.ph

Raquel C. Atienza
Head, Corporate Banking II Department
Tel. Nos.: (02) 8813-2730
E-mail: rcatienza@dbp.ph

Suzanne S. Aquino
Head, Financial Institutions Department
Tel. Nos.: (02) 8815-1528
E-mail: ssaquino@dbp.ph

Jeanne D. Adamos
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177
E-mail: jdadamos@dbp.ph

Raymond C. Valdez
Head, Middle Market II Department
Tel. Nos.: (02) 8840-5566
E-mail: rcvaldez@dbp.ph

Myra G. Almogino-Calara
Head, SME-NCR Department
Tel. Nos.: (02) 8812-9932

Provincial Lending Groups

Kindly proceed to this link.

Click here for the list of documentary requirements.

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