Who are qualifiedÂ to apply forÂ a bank financing loan?Â
Filipino CitizensForeign Nationals (for condominium purchase)
Gainfully employed for the last 2 years
Doing business and profitably operating for the past 3 years
At least 21 years old and not exceed 65 years old at loan maturity
Minimum Gross Monthly Income at least P 40,000
If married, spouse to sign all documentsIf separated, annulment papers required
No Derogatory records â€“ CMAP/NFIS checkingsÂ Â
Governement Officials and Companyâ€™s owned by them
Military / Police Personnel and Companyâ€™s owned by them
Religious or Civic Groups & their businesses
Media and Movie PersonalitiesLawyersÂ Â
POST APPROVAL REQUIREMENTS
Bank Application Forms
Marriage Certificate/Birth Certificate2 Valid Iâ€™Dâ€™s like PRC, SSS, TAN/TIN, Drivers Licences, Passport, Company ID
Proof Of Billing like Credit Card Statements, Meralco, PLDT, Maynilad, etc.
Latest Community Tax Certificate or Cedula
Consularized Special Power of Attorney (form supplied by the bank) â€“ authorizing representative to sign in behalf of the borrower.
Letter of GuarantyDeed of Undertaking
Deed of AssignmentPhotocopy of Title (TCT, CCT)
Photocopy of Real Estate Tax Declaration
MRI and Fire Insurance Policies (accredited insurance companies)
Payment of Bank Charges
Payment of Transfer FeesÂ
Bank Financing Requirements
Bank Financing Charges
*The above information are subject to change without prior notice and may vary depending on the banking institution. It is meant to give a general idea only.
*Bank doesnâ€™t send documents abroad, all documents must be signed in the Philippines, in such case, a Special Power of attorney is executed.Â Pretermination Penalty is 4% of the outstanding Balance.
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