Welcome to PDIC’s Closed Bank Loan Incentive Program (CLIP) page. Here, you can find all the information you need about the program.

The CLIP aims to help closed banks’ borrowers with outstanding principal balances of PhP5 million or less pay off their loans more easily through incentives and discounts. By availing of the program, they can maintain or regain their creditworthiness and reclaim or exercise complete ownership again over their mortgaged properties. Ultimately, CLIP can also help creditors of closed banks by optimizing recoveries from liquidation.