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Deposits are insured by PDIC up to P500,000 per depositor
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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.

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PDIC is a government instrumentality created in 1963
by virtue of Republic Act 3591, as amended, to insure
the deposits of all banks. PDIC exists to protect
depositors by providing deposit insurance coverage for the depositing public and help promote financial stability. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
Questions? Need Help? Click Frequently Asked Questions Trunkline.: (632) 8841-4000
Hotline: (632) 8841-4141
(for Metro Manila clients)
Fax No.: (632) 8841-4085
Client outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or