Requirements
Personal Data & Income
If Employed (within the Philippines)
- Certificate of Employment (COE) indicating annual salary and position
- Latest Income Tax Return (ITR)
- Pay slips (last 2 months)
- Proof of Billing Address (Meralco, credit card, etc.)
If Overseas Filipino Worker (OFW)
- POEA authenticated contract (seaman)
- COE authenticated by Philippine Consulate (direct-hired)
If Self-Employed
- Business Name (DTI or SEC Registration)
- Articles of Incorporation and By-laws with SEC Registration Certificates
- List of Trade References (at least 3 names & telephone numbers of major suppliers/customers)
- Audited Financial Statements for the past two years
- Bank Statement for the last six months
- Proof of Billing address (Meralco, credit card, etc.)
If Practicing Doctor
- Clinic address/es and schedule
- Bank Statement for the last six months
If income is from Rental or Properties
- List of tenants and rental amounts
- Complete address/es of properties being rented
- Bank Statement for the last six months
Developer's Requirements
- Issue post dated checks (PDC) payable to the Developer to cover down payment/equity portion
- Settle unpaid equities
- Settle transfer fees to the Developer/Seller
- Sign Contract to Sell/Deed of Sale
Bank Requirements
- Client to express conformity to the Letter of Guarantee (LOG)
- Client to sign the loan documents (Deed of Assignment, Promissory Note, Real Estate Mortgage, Special Power if Attorney, etc.)
- Submit the post-approval requirements of preferred bank, such as
- Post-dated checks
- Mortgage Redemption Insurance (MRI)
- Insurance of the property to be financed
- For Condominiums - Fire/Earthquake Insurance endorsement, Policy & Photocopy of the Official Receipt can be obtained from the Office of the Property Manager
- For Completed House and Lot, Townhouse - insurance should be obtained from a reputable/accredited insurance company
Collateral
Clear photocopy sets of Transfer Certificate of Title (including blank pages with the book and page/volume number indicated on the front page)
For Condominium
- Photocopy of Condominium Certificate of Title (CCT)
- Certificate of Consent and Updated payment of Monthly Dues from Condo Corp.
Bank Financing Cycle
Reminders
- Documents should be submitted to Finance Department within thirty 30 days from reservation date. Failure to submit on time shall automatically convert the account to In-House financing.
- Target drawdown date is within 60 days from reservation date or 30 days after full payment of required DP.
- Turnover of unit shall be after loan drawdown.