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The Certificate Of Employment With Compensation For Housing Loan is a essential document in the Philippine employment and banking landscape, specifically designed to support employees seeking housing loans. This document emerged from the need to standardize employment and income verification for housing loan applications, whether through private banks or the government's Pag-IBIG Fund program. It provides more detailed information than a standard employment certificate, including comprehensive compensation details, employment tenure, and position stability. The certificate must comply with requirements set forth by the Bangko Sentral ng Pilipinas (BSP) and the Home Development Mutual Fund (Pag-IBIG Fund). It serves as a critical document in the housing loan application process, helping financial institutions assess an applicant's creditworthiness and capacity to repay the loan. The document is particularly important in the Philippine context, where housing loans often require extensive documentation and verification of employment stability and income.

1. Letter Head: Company letterhead including complete business name, address, and contact information

2. Date: Current date of certificate issuance

3. Certificate Title: Clear title indicating this is a Certificate of Employment with Compensation for Housing Loan

4. Employee Information: Complete details of the employee including full name, position, employee ID number, and date of hiring

5. Employment Status: Confirmation of current employment status (regular, permanent, contractual) and length of service

6. Compensation Details: Detailed breakdown of basic salary, allowances, and other regular compensation, including frequency of payment

7. Purpose Statement: Explicit statement that the certificate is being issued for housing loan application purposes

8. Certification Statement: Declaration of the truthfulness and accuracy of the information provided

9. Authorized Signatory: Name, position, and signature of the authorized company representative