Housing Loan Requirements
Housing Loan Requirements
These are the usual requirements asked by the bank. It may vary from bank to bank, but these will be the documents every financier will ask of you.
REQUIRED AT ALL TIMES
HOUSING LOAN APPLICATION FORM (duly accomplished)
Photocopy of 2 valid government issued ID's
Appraisal Fee of P3,500 - non-refundable
If with co-maker/co-borrower/attorney-in-fact, separate application form is needed
IF EMPLOYED:
INCOME DOCUMENTS
Photocopy of the latest Income Tax Return (ITR)
Certificate of Employment and Compensation
Alien Certificate of Registration (ACR) and Official Receipt (if resident alien)
Overseas Filipino Worker
Photocopy of Passport
Contract / Certificate of Employment (COE) approved by the POEA, if applicable, authenticated by the Philippine Consulate (if direct hired)
Proof of inward remittance thru PNB or other banks
Crew Contract and Exit Pass from POEA (for seafarers only)
PNB-prescribed Special Power of Attorney (SPA), if applicable
If SPA was executed and notarized abroad, such has to be authenticated by the Philippine Consulate
FOR THOSE BASED IN:
KINGDOM OF SAUDI ARABIA:
The certificate of employment & salary should be stamped by the Saudi Chamber of Commerce; and
Authenticated by the Philippine Consulate
USA & US TERRITORY:
The certificate of employment & salary should be authenticated by the Phil. Consulate
Loan applicant to fill-out the Bank’s Credit Information Authority and pay a certain fee. (varies with banks)
EUROPE:
The certificate of employment & salary should be authenticated by the Phil. Consulate
Loan applicant to fill-out the Bank’s Credit Information Authority and pay L85 for the Equifax
JAPAN:
The certificate of employment & salary should be authenticated by the Phil. Consulate and should be with English Translation
FOR OTHER COUNTRIES / SEA - BASED:
Certificate of Employment & Salary authenticated by the Phil. Consulate
Proof of inward remittance thru PNB or other banks
Crew Contract and Exit Pass from POEA (for seamen only)
IF SELF-EMPLOYED:
SSS / GSIS / Driver’s License / PRC License
Business Name (DTI) or SEC Registration
Articles of Incorporation, By-Laws with SEC Registration Certificate and latest General Information Sheet if applicable
General Information Sheet
Financial Statements / Income Statement for the last 3 years
Photocopy of the Income Tax Return (ITR) for the last 3 years
List of Trade References (Suppliers / Customers)
PRACTICE OF PROFESSION:
Clinic Address/es, schedules and contact numbers (for doctors)
Bank Statements for the last six (6) months
IF FROM COMMISSION:
Vouchers or Bank Statements for the last six (6) months reflecting commission income
IF FROM RENTAL OF PROPERTIES:
Submit photocopy of Lease Contracts / TCT’s of Earning Properties
Bank Statement for the last six (6) months
IF FROM TRANSPORT BUSINESS:
OR / CR
LTFRB Franchise
Business paper / registration
ITR for the last two (2) years
Bank Statement for the last six (6) months
COLLATERAL DOCUMENTS
Two (2) sets of clear photocopy of TCT / OCT / CCT (all pages including blank pages with the book and page / volume number indicated on the front page)
Lot Plan with Location / Vicinity Map certified by a licensed Geodetic Engineer
Photocopy of the latest Tax Declaration / Realty Tax Receipts / Tax Clearance
Master Deed of Declaration & Restrictions (for Condominium)
For construction / renovation purposes:
Building Plans (complete set) duly signed by a Civil Engineer / Architect
Bill of Materials / Specifications / Cost Estimates duly certified by a Civil Engineer / Architect
Scope of Work (for renovation)
Building Permit
Deed of Absolute Sale or Contract to Sell (purchase of lot / house and lot)
FOR REFINANCING
Current Statement of Account
Official Receipt or cleared checks on amortization payments made or Passbook / Bank Statement where the monthly amortization payment is debited (at least 6 months)
