MANILA CONDO STORE

Bank financing can be a time-consuming, tedious and daunting process, especially when applying for the first time. Countless paperworks need to be completed and endless requirements have to be secured and submitted.

Let us cut the legwork for you and remove the hassle. Take comfort in knowing that professionals are handling your application for you, giving you higher chances of approval on your loan application. We are accredited by numerous major banks in the country that offer home loans.

Note: Prevailing bank rates apply at time of loan availment.

Eligibility

• Filipino citizen, Dual citizen with oath of allegiance or Foreigner
  
• At least 21 years old but not exceeding 65 years old upon loan maturity
  
• Minimum gross family income of ₱ 50,000/month
  
• Stable source of income from employment or business
  

-If employed, at least 2 years with current company
-If self-employed, at least 2 consecutive successful and profitable years of operation.

• For foreigners, (No guaranteed approval for foreigners)
  

• Married to a Filipino, or
  
• Resident of the Philippines in the last three (3) years, or
  
• With qualified Filipino citizen co-borrower with regular income
  
• Subject to bank credit evaluation and other documentary requirements
  

Basic Documents

• Properly filled out Bank Application Form

-If married, both spouses to sign on the application form

-If with co-borrower or co-mortgagor, separate application form is needed

• Banco de Oro (BDO)  Download form  »
  
• Bank of the Philippine Island (BPI)  Download form  »
  
• Philippine Savings Bank (PSB)  Download form  »
  

• Clear copy of two (2) valid IDs matching application details
  
• Original copy of Certificate of No Marriage (CENOMAR), if single or copy of Marriage Contract, if married
• Special Power of Attorney (if borrower is working or residing abroad)

Income Documents

If locally employed

• Latest Income Tax Return BIR 1904 and/or BIR 2316
  
• Latest 3 months payslips
• Certificate of Employment with salary breakdown
  

If employed abroad

• Latest 3 months proof of remittance, or
  
• Latest 3 months payslip, or
  
• Certificate of Employment or Employment Contract duly autheticated by Philippine Consulate Office, or
  
• For seamen, latest Crew Contract and employment history or Crew Contract and Exit Pass from POEA
  

If self-employed

• Business Registration Papers (Certificate of Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation, whichever is applicable)
  
• Latest Audited Financial Statements for the last 2 years with lastest ITR
  
• Bank Statements (latest consecutive 3 months)
  
• Trade References: List of Suppliers and Customers (at least 3 each) or List of Affliated Hospitals/Clinics (for doctors)
  
• Lease Contracts and copy of title (for income derived from rental)
  

• Appraisal Fee (₱ 3,500*)
  
• Handling Fee (₱ 5,000*)
  
• Notarial Fee (₱ 500*)
  
• Registration Fee (based on loan amount)
  
• Documentary Stamp Tax (PhP 1* for every ₱ 200 of the loan amount)
  
• Mortgage Redemption Insurance Premium (MRI) (₱ 4.75* for every ₱ 1,000 of the loan amount)
  
• Fire Insurance Premium (Based on appraised value of improvement)
  

NOTE: All fees are payable to the bank.

* Subject to change without prior notice.

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