Helpro Loan Application Form
Helpro Loan Application Form
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Applicant Signature Date
I certify that above loan applicant is personally known to me, is a member of good standing, has affixed his signature above, and is
not related to me to the third degree of consanguinity
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GM Signature over printed name Date
3. PAYROLL / HR
PAYDATES: (mark one) ___ 5th and 20th ___ 10th and 25th ___ 15th and 30th
MONTHLY BASIC SALARY : ________________________
MONTHLY TAKE-HOME PAY (BASIC SALARY LESS ALL DEDUCTIONS) : ________________________
ACCUMULATED CONTRIBUTIONS : ________________________
ACCUMULATED 13TH MONTH PAY : ________________________
TOTAL EXISTING LOANS : ________________________
Eligibility
1. All currently employed and contributing members that have posted at least three monthly contributions eligible for a loan,
subject to availability of funds.
2. Members with existing loans are ineligible for another loan until the existing loan is fully paid.
3. Members whose applications are not accommodated on a certain pay date shall be prioritized on their next pay date.
Loan Amount
1. The maximum loanable amount shall be the total of the member’s monthly contributions and accumulated 13 th month
pay less any encumbrances to these.
2. The loan amount shall be subject to available funds.
4. Payment shall be made through automatic salary deductions on every pay date.
5. Loan payments shall be prioritized and deducted from a member’s pay right after government-mandated deductions
6. Loan payments cannot exceed 33% of a member’s take-home pay prior to loan payment. The loan will be structured
to consider this limitation. Special loans such as those intended to advance the 13th month pay are exempt from this rule.
Interest
1. Interest of 4% per month shall be charged on the outstanding principal balance until the loan is fully paid.
2. Loan payments in excess of the interest charged shall reduce the outstanding loan amount.
Service Fee
1. There shall be a service fee of 1% of the loan amount. This shall be charged and deducted from the proceeds of the loan.
I am authorizing this voluntary payroll deduction pursuant to DOLE Department Order No. 195 series of 2018 or the
“Rule Amending Section 10 of Rule VIII of the implementing Rules and Regulations of the Labor Code on Wage Deduction”.
I understand and agree that in the event my membership and/or employment ends for any reason before the final deduction
is made, the entire balance will be deducted from my final pay.
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Applicant Signature Date