{"id":9861,"date":"2021-12-01T08:27:34","date_gmt":"2021-12-01T08:27:34","guid":{"rendered":"https:\/\/depedaurora.ph\/aurora\/?p=9861"},"modified":"2023-05-23T00:40:10","modified_gmt":"2023-05-23T00:40:10","slug":"arta-16-application-for-provident-fund-loan","status":"publish","type":"post","link":"https:\/\/depedaurora.ph\/aurora\/2021\/12\/01\/arta-16-application-for-provident-fund-loan\/","title":{"rendered":"ARTA-16. APPLICATION FOR PROVIDENT FUND LOAN"},"content":{"rendered":"
<\/div>\n

APPLICATION FOR PROVIDENT FUND LOAN<\/h3>\n

Provident Fund Loan defined as a savings scheme consisting of contributions<\/p>\n

from both the employees and the employer (in monetary form from membersemployees, in monetary or non-monetary form from the employers) which serve<\/p>\n

as a loan facility and provider of supplementary welfare to employees<\/p>\n

\u00a0\u00a0\u00a0\u00a0 <\/em><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Office or Division:<\/strong><\/td>\nAdministrative Services (Provident Fund Division Board Secretariat)<\/td>\n<\/tr>\n
Classification:<\/strong><\/td>\nComplex<\/td>\n<\/tr>\n
Type of Transaction:<\/strong><\/td>\nG2G \u2013 Government to Government<\/td>\n<\/tr>\n
Who may avail:<\/strong><\/td>\nAll DepEd Aurora Personnel (Regular, COS)<\/td>\n<\/tr>\n
CHECKLIST OF REQUIREMENTS<\/strong><\/td>\nWHERE TO SECURE<\/strong><\/td>\n<\/tr>\n
Multi-purpose Loan:<\/p>\n

\u00b7\u00a0\u00a0 Loan Application Form (LAF),<\/p>\n

\u00b7\u00a0\u00a0 Authorization to Deduct<\/p>\n

\u00b7\u00a0\u00a0 Original latest copy of pay slip of borrower and co-maker<\/p>\n

\u00b7\u00a0\u00a0 Photocopy of DepEd ID of borrower and co-maker<\/p>\n

\u00b7\u00a0\u00a0 Approved Appointment (for 1st time borrower\/co-terminus employee) documents showing that the co-terminus employee has rendered at least 2 years of service in DepEd<\/td>\n

 <\/p>\n

Provident Fund Division Board Secretariat<\/p>\n

Provident Fund Division Board Secretariat<\/p>\n

Employee Borrower<\/p>\n

Employee Borrower<\/p>\n

Employee Borrower<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/td>\n<\/tr>\n

Additional documents for Additional Loan:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Letter Request noted by AO and approved by SDS<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hospitalization\/Medical Expenses\/Medical Abstract\/Certificate\/Prescription\/diagnosis, Barangay\/LGU<\/td>\n

 <\/p>\n

Employee Borrower<\/p>\n

Employee Borrower<\/td>\n<\/tr>\n

Additional document for Calamity Loan:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Certificate\/Resolution declaring the borrower\u2019s place under State of Calamity<\/td>\n

 <\/p>\n

Barangay where the borrower is a resident<\/td>\n<\/tr>\n

Service Record<\/td>\nPersonnel Unit<\/td>\n<\/tr>\n
CLIENT STEPS<\/strong><\/td>\nAGENCY ACTION<\/strong><\/td>\nFEES TO BE PAID<\/strong><\/td>\nSUBSTANTIVE COMPLIANCE COST<\/strong><\/td>\nPROCESSING TIME<\/strong><\/td>\nREQUIRED NO. OF SIGNATURES<\/strong><\/td>\nPERSON RESPONSIBLE<\/strong><\/td>\n<\/tr>\n
1. Obtains and accomplishes PF LAF.<\/td>\n<\/td>\nNone<\/td>\nNone<\/td>\n10 minutes<\/td>\n<\/td>\nClient<\/td>\n<\/tr>\n
2. Secures signatures of the Personnel Division and Legal Service for the Certificate of Employment and Credibility portion of the LAF.<\/td>\n<\/td>\nNone<\/td>\nNone<\/td>\n10 minutes<\/td>\n2<\/td>\nClient<\/p>\n

Administrative Officer V<\/p>\n

Legal Officer<\/td>\n<\/tr>\n

3. Secures Statement of Account\/Certificate of No Provident Fund.<\/td>\n3.1\u00a0 Verifies in the records if with existing loan. Prints Statement of Account\/Certificate of No Provident Fund.<\/td>\nNone<\/td>\nNone<\/td>\n10 minutes<\/td>\n<\/td>\n <\/p>\n

 <\/p>\n

Accounting Personnel<\/td>\n<\/tr>\n

4. Submits accomplished LAF, together with other applicable requirements, to Provident Fund Division Secretariat.<\/td>\n4.1\u00a0 Receives duly accomplished LAF.<\/td>\nNone<\/td>\nNone<\/td>\n5 minutes<\/td>\n<\/td>\nProvident Fund Division Board Secretariat<\/p>\n

 <\/td>\n<\/tr>\n

5. Waits while the requirements are evaluated for completeness.<\/p>\n

 <\/p>\n

Provides lacking requirements, if any.<\/td>\n

5.1\u00a0 Evaluates the LAF and attached requirements for completeness and eligibility of borrowers. Requires submission of lacking requirements if incomplete.<\/p>\n

5.2\u00a0 Returns LAF to borrower if not eligible.<\/td>\n

None<\/td>\nNone<\/td>\n20 minutes<\/td>\n3<\/td>\nProvident Fund Division Board Secretariat<\/p>\n

 <\/p>\n

Accounting Personnel<\/p>\n

 <\/p>\n

Loan Verifier<\/td>\n<\/tr>\n

<\/td>\n5.3\u00a0 Computes amount of loan to be granted.<\/td>\nNone<\/td>\nNone<\/td>\n5 minutes<\/td>\n2<\/td>\nProvident Fund Division Board Secretariat and Board Vice Chairperson<\/td>\n<\/tr>\n
<\/td>\n5.4\u00a0 Approves loan application.<\/p>\n

5.5\u00a0 Indorses to Regional Office for loans P100,000 and above.<\/td>\n

None<\/td>\nNone<\/td>\n10 minutes<\/td>\n2<\/td>\nProvident Fund Division Board Vice Chairperson and Schools Division Superintendent<\/td>\n<\/tr>\n
<\/td>\n5.6\u00a0 Prepares and processes BUR and DV.<\/td>\nNone<\/td>\nNone<\/td>\n10 minutes<\/td>\n3<\/td>\nAccounting Personnel<\/td>\n<\/tr>\n
<\/td>\n5.7\u00a0 Signs the BUR and DV<\/td>\nNone<\/td>\nNone<\/td>\n20 minutes<\/td>\n4<\/td>\nProvident Fund Division Board Vice Chairperson<\/p>\n

 <\/p>\n

Budget Officer<\/p>\n

 <\/p>\n

Accountant<\/p>\n

 <\/p>\n

Schools Division Superintendent<\/td>\n<\/tr>\n

6. Waits for the advice that the check is ready for release.<\/td>\n6.1\u00a0\u00a0\u00a0\u00a0 Prepares and approves check.<\/td>\nNone<\/td>\nNone<\/td>\n10 minutes<\/td>\n2<\/td>\nCashier<\/p>\n

 <\/p>\n

Schools Division Superintendent<\/td>\n<\/tr>\n

<\/td>\n6.2\u00a0\u00a0\u00a0\u00a0 Advises borrower if check is ready for release.<\/td>\nNone<\/td>\nNone<\/td>\n5 minutes<\/td>\n<\/td>\nCashier<\/td>\n<\/tr>\n
7. Receives check.<\/td>\n7.1\u00a0 Releases check.<\/td>\nNone<\/td>\nNone<\/td>\n5 minutes<\/td>\n<\/td>\nCashier<\/td>\n<\/tr>\n
<\/td>\nNote:<\/p>\n

Loans indorsed to the regional office will take more than 1 hour and 40 minutes<\/td>\n

None<\/td>\nNone<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total:<\/strong><\/td>\n\u00a0<\/strong><\/td>\n\u00a0<\/strong><\/td>\n2 hours<\/strong><\/td>\n18<\/td>\n<\/td>\n<\/tr>\n
REMARKS:<\/strong> Which parts are streamlined\/ improved. Write in the column provided.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Back To ARTA Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

APPLICATION FOR PROVIDENT FUND LOAN Provident Fund Loan defined as a savings scheme consisting of contributions from both the employees and the employer (in monetary form from membersemployees, in monetary continue reading : ARTA-16. APPLICATION FOR PROVIDENT FUND LOAN <\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[],"class_list":["post-9861","post","type-post","status-publish","format-standard","hentry","category-arta"],"_links":{"self":[{"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/posts\/9861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/comments?post=9861"}],"version-history":[{"count":2,"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/posts\/9861\/revisions"}],"predecessor-version":[{"id":9919,"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/posts\/9861\/revisions\/9919"}],"wp:attachment":[{"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/media?parent=9861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/categories?post=9861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/depedaurora.ph\/aurora\/wp-json\/wp\/v2\/tags?post=9861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}