Get Db1 Public Works Loan Board - Uk Debt Management Office - Dmo Gov

Completing the DB1 form for the Public Works Loan Board is a crucial step in securing financial assistance for your drainage board. This guide provides clear, detailed instructions to assist you in successfully filling out the form online.

Follow the steps to complete the DB1 form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Enter the full name of your internal drainage board in the designated field.
3. If you know your PWLB reference number, please fill it in.
4. Indicate the date of borrowing consent and remember to enclose a copy of this consent.
5. Describe the purpose of the loan clearly in the provided space.
6. Specify the sum now required for the loan.
7. Select the type of loan required by deleting either 'Fixed Rate' or 'Variable Rate' as applicable.
8. If you selected 'Fixed Rate', indicate the half-yearly interest payment days. For 'Variable Rate', choose your preferred payment frequency (Monthly, 3 monthly, or 6 monthly).
9. Complete the term of repayment by selecting option a, b, or c. Fill in the years for the chosen repayment method.
10. Set your preferred date of advance. Remember that the completed form should be submitted two weeks before this date.
11. Fill in the additional information regarding loan debt, annual costs, and the annual value of property within the drainage district as required.
12. Complete the declaration section with your full name, address, and the name of the drainage board.
13. Provide your bank account details for crediting the loan amount, including the bank sort code and account number.
14. If you are a new borrower, ensure you enclose a blank, cancelled cheque or relevant bank statement.
15. Sign and date the form at the end, providing your daytime contact number and email address.
16. Review all entries for accuracy, then save changes, download a copy, print it, or share as necessary.

Make sure to complete your DB1 form online to secure your loan efficiently.