Issuance of Certification of Borrowing and Debt Service Capacity
Provinces, Cities and Municipalities who wants to secure Certification of Borrowing and Debt Service Capacity in order to avail loans from lending institutions.
Availability of Service: Monday to Friday from 8:00AM to 5:00 PM except on holidays.
How to Avail of the Service:
|STEP||Customer / Client||Service Provider (Offices / Units of BLGF)||Duration of Activity (Under Normal Circumstances)||Division / Person In-Charge||Fees||Form / Document|
|1||Submit letter request from the LCE, indicating the lending institution where to apply for a loan and the purpose of the loan together with the documentary requirements for the certification of borrowing and debt service capacity
Client received copy of Endorsement together with the supporting documents for submission to Central Office
|Stamp receipt and record in the logbook.
Check completeness of required documents.
If documents are incomplete, inform client to submit lacking documents.
Wait for the submission of lacking documents.
If documents are complete, prepare endorsement to Central Office
Review and countersign the prepared endorsement before signature by the Regional Director.
Record the endorsement before release.
Release the original copy of the Endorsement together with the supporting documents to client or mail to Central Office for final action and issuance of certification.
w/in 15 days
Asst. Regional Director