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Home is where the heart is.

Realizing this need very well, ASKI teamed up with Development Bank of the Philippines (DBP), thus the birth of ASKI HOUSING.

ASKI HOUSING aims to extend financial assistance to 2,105 clients and staffs through its housing and livelihood programs.

With a loan portfolio of Ps. 55.6M and a monthly term of payment, ASKI ensures the loan product can suit the needs of its clients.

At present, it caters to the needs of 24 clients in Nueva Ecija, and still growing.

ASKI strongly supports the essence of families. By providing a pleasant and conducive environment for both clients and staff.

Housing For Clients

POLICY STATEMENT

Generally this program aims to improve the quality of life of ASKI clients by providing financial assistance for the construction of new houses or acquisition of lot or house and lot purchase as well as repairs and improvements thus, enjoying a well protected, pleasant, affordable and conducive place to live in. It is a realization of our vision “a transformed and progressive community living in a just and caring society and experiencing the fullness of life”. 

Guidelines:

  1. Program Components
    1. New housing assistance
      1. House construction
      2. House and lot purchase
    1. House Improvement / Repair
    2. Lot purchase
  1. Qualified Applicants
    1. At least two (2) years stay and currently in the micro-finance (AKP/ILP/FSLP/COM-DEV) program.
    2. w/ 100% repayment rate of the previous & current loans)
    3. Accumulated savings (CBU/EF) not less than Php. 5,000.00.
    4. with good track records as client 
  1. Loan Amount
    1. New Housing Assistance – Qualified clientele is entitled to a minimum loan of Php 150,000.00 to a maximum of Php 300,000.00 for the construction of new house or purchase of house and lot.
     

    For house construction loan, target clientele must be an owner of lot with
    Transfer Certificate Title (TCT) registered in their name.

    1. House Improvement / Repair Loan – Loans will range from Php 10,000.00 to Ps, 150,000.00 to be used primarily for any house improvement (eg; paintings, fencing, concreting, room extension, water and electricity, etc.) and repairs (eg; replacement of roofing, ceilings, sanitary facilities, floorings etc.)
    1. Lot Purchase – Eligible applicant is qualified to avail from Php.150,000.00 – Php.3000,000.00 to acquire a certain parcel of residential lot. TCT should be encumbered in favor of ASKI.
  1. Loan Duration
    1. New Housing Assistance : 7 years (max)
    2. House Improvement : 4 years (max)
    3. Advanced payment are allowed
  1. Manner of Loan Releases
    1. New Housing Assistance
      1. Php.150.000 up to Php 300,000
       

    1. Release of loan shall be in tranches as:
      1st Rel. = 30% of the approved loan for Level 1 of construction - Concreting (Lay-outing/wall foundation, laying of CHB/ Beam)
      2nd Rel =- 30% It is intended for Level 2 – Canpentry / steel works (Windows/Door jambs, Roof framing/ G.I. sheets Installation). To be drawn after the completion of Level 1.
      3rd Rel = 20% Finishing works - to be released after the completion of level 2 of construction(Plastering, electrical, Flooring, Painting)
      4th Rel = 20% of the approved loan will be retained and to be released after the final inspection and approval of the Project Manager.

      1. TCT to be mortgaged in favor of ASKI
      2. Post Dated Checks required.
      3. No CBU/EF withdrawal / reversal until upon full payment of NHA loan
 

      B. House Improvement / Repair

  1. Maximum of Php.150,000.00
 

Release of loan shall be in tranches as:
1St  Rel.– 50% of the Approved loan
2nd  Rel. – 30% (upon submission of O.R. / delivery receipts of the material purchased indicating the full amount of the 1st release.
3rd Rel. – 20% retention will be released after the final inspection and approval of the Project Manager.

  1. Loans exceeding Ps.30,000 must be  secured with PDC’s.
  2. Loans Ps.50,000 and above must require collateral. (TCT / chattel

No CBU/EF withdrawal / reversal until upon full payment of NHA loan

  1. Mode of Payment                               
    1. ASKI Clients                              
      1. New Housing Assistance : monthly
      2. House Improvement : monthly
      3. Lot purchase : monthly
  1. Insurance :Must be insured in ASKI commissioned Insurance Company base on the program availed and amount of loan (fire / life insurance benefits)

Loan amount

Insurance Coverage/Benefits

Annual Premium

Below Ps.75,000

Php. 120,000

Php. 750.00

Ps.75,000 up to below Ps.150,000

Php. 200,000

Php. 1,240.00

Ps.150,000 and above

Php. 300,000

Php. 1,860.00
  1. Loan Documentation
    1. Duly Accomplished APP Loan Application Form
    2. Certificate of Land Transfer to be mortgaged to ASKI
    3. Duly signed Promissory Notes and Co-Maker’s Statement
    4. Subsidiary Ledger of the previous and current regular loan,
    5. Household Cash Flow Analysis
    6. Approved detailed Plan
    7. Bill of Materials
    8. Photo of House subject for Improvement
      1. Picture before the improvement.
      2. Client must also submit picture taken during and after the construction 5 days after the completion of the project.
    9. 1 pc. 2x2 recent  picture of the client/ co-maker
    10. For house and lot purchase client must submit the following:
      1. Location map
      2. Picture of house and lot ( all sides and interiors) to be purchased
      3. Photocopy of TCT
      4. Sketch plan of lot duly signed by Geodetic Engineer
      5. Building Permit
      6. Tax Declaration
            
    11. For Lot Purchase, See loan documents “C”, Staff Policy

Housing for Staff

Policy Statement:

Generally this program aims to improve the quality of life of ASKI staff by providing financial assistance for the construction of new houses or acquisition of lot or house and lot purchase as well as repairs and improvements thus, enjoying a well protected, pleasant, affordable and conducive place to live in. It is a realization of our vision “a transformed and progressive community living in a just and caring society and experiencing the fullness of life”. 

Guidelines:

  1. Program Component
    1. New Housing Assistance
      1. House construction
      2. House and lot purchase
    1. House Improvement/Repairs
    2. Acquisition of Lot
  1. Qualified Applicants
    1. at least five (5) years of service within the organization
    2. Staff with less than five (five) years of service must have a co-maker with five (5) years of service in ASKI.
    3. Good records and credibility.
    4. With net take home pay of no less than twenty five (25)% (net after APP amortization.)
  1. Loan Amount
    1. New Housing Assistance - This will cover employees of ASKI. Target clientele is entitled to a minimum loan of Php 150,000.00 to a maximum of Php 300,000.00 pesos. 
     

    For house construction, ASKI staff must posses Transfer Certificate Title duly registered in their name.

    1. House Improvement / Repair Loan – Loans will range from Php 10,000.00 to Ps, 150,000.00 to be used primarily for any house improvement (eg; paintings, fencing, room extension, etc.) and repairs (eg; replacement of roofing, ceilings, sanitary facilities, floorings etc.)
    2. Lot Purchase – Eligible applicant is qualified to avail from Php.150,000.00 – Php.300,000.00 to acquire a certain parcel of residential lot. TCT should be encumbered in favor of ASKI.
  1. Loan Duration
    1. New Housing Assistance : 7 years
    2. House Improvement : 4 years
    3. Advanced payment are allowed
  1. Manner of Loan Release
    1.  New Housing Assistance
      1. Php 150,000 up to Php 300,000
       

    1. Release of loan shall be in tranches as:
      1st Rel. = 30% of the approved loan for Level1- Concreting (Lay-outing/wall foundation, laying of CHB/ Beam)
      2nd Rel =- 30% It is intended for Level 2 – Carpentry / steel works (Windows/Door jambs, Roof framing/ G.I. sheets Installation). To be drawn after the completion of Level 1.
      3rd Rel = 20% Finishing works - to be released after the completion of level 2 of construction(Plastering, electrical, Flooring, Painting)
      4th Rel = 20% of the approved loan will be retained and to released after the final inspection and approval of the Project Manager.

      1. Post Dated Checks required.
      2. No CBU/EF withdrawal / reversal until upon full payment of NHA loan
     

    B. House Improvement / Repair

    1. Minimum of Php.150,000.00
       

      Release of loan shall be in tranches as:
      1St  Rel.–50% of the Approved loan
      2nd  Rel. – 30% (upon submission of O.R. / delivery receipts of the material purchased indicating the full amount of the 1st release.
      3rd Rel. – 20% retention will be released after the final inspection and approval of the Project Manager.
      2.  Loans of Ps.100,000 and above must require collateral. (TCT / chattel)

  1. Mode of Payment : Automatic Salary Deduction Payment of principal shall start on the 2nd year only interest due shall be amortized every payday for the 1st year.
                                 
  2. Penalty for Default Payments : 2% per month of the amortizations due
  1. Insurance : Must be insured in ASKI commissioned Insurance Company

Loan amount

Insurance Coverage/Benefits

Annual Premium

Below Ps.75,000

Php. 120,000

Php. 750.00

Ps.75,000 up to below Ps.150,000

Php. 200,000

Php. 1,240.00

Ps.150,000 and above

Php. 300,000

Php. 1,860.00
  1. Loan Documentation
    1.   New House Construction
      1. Duly Accomplished “APP” Loan Application Form
      2. Certificate of Land Transfer to be mortgaged to ASKI (for NHA loan)
      3. Duly signed Promissory Notes and Co-Maker’s Statement
      4. Household Cash Flow Analysis
      5. Location map
      6. Photo copy of TCT
      7. Sketch plan of lot duly signed by Geodetic Engineer
      8. Location map
      9. Picture of house and lot ( all sides and interior) to be purchased
      10. Sketch plan of lot duly signed by Geodetic Engineer
      11. Building permit
      12. Tax declaration
      13. Bill of Materials
      14. Approved Plan (Detailed, Elevation, Electrical, Plumbing, etc.)
      15. Applicant 2x2 recent pictures
      16. Certificate of land Transfer mortgaged to ASKI
    2. For House Improvement/ Repair
      1. Bill of Materials
      2. Photo of House subject for Improvement
      3. Picture before the improvement.
      4. Must also submit picture taken during and after the construction 5
      5. days after the completion of the project.
      6. Applicant 2x2 recent picture
      7. Location map
      8. Documents A (a and c)
    3. For lot purchase, staff must submit the following:
      1. Duly Accomplished “APP” Loan Application Form
      2. Certificate of Land Transfer to be mortgaged to ASKI
      3. Duly signed Promissory Notes and Co-Maker’s Statement
      4. Sketch plan of lot duly sign by Geodetic Engineer
      5. Applicant 2x2 recent picture
      6. Location Map
      7. Tax Declaration/ Clearances
      8. Deed of sale
      9. Certificate of none Improvement
    4. Other requirements:                       
      1. Branch/ department head endorsement
      2. Authority to Deduct amortization from Salary
      3. Clearance from Finance & Accounting Department as approved by the  
      4. Executive Director.

 
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