BORROWER ELIGIBILITY

• Filipino, of legal age but not more than 65 years old upon loan maturity
• With steady, dependable & verifiable source of income
• Employed for at least 3 years in a supervisory/managerial position with a reputable company (for employed individuals)
• Minimum Gross Monthly Income (GMI):
  • P50,000/mo. for Metro Manila / Metro Cebu
  • P35,000/mo. for other provincial areas
• Able to pay an Equal Monthly Amortization which is:
  • < 35% of GMI
  • < 75% of Net Disposable Income (NDI)
• No adverse credit findings like court cases, bouncing checks, unpaid loans, cancelled credit cards, etc.

REQUIREMENTS FOR LOAN APPROVAL PROCESSING

• Identification Papers (TIN, Community Tax Certificate, Passport, Company ID, Driver's License)
• Marriage Contract (if married)
• Bio-data/Resume
• Deposit Statements of Accounts (last 6 months)

EMPLOYED INDIVIDUALS

• Latest Income Tax Return (ITR)/W-2 Form 
• Certificate of Employment stating length of service and monthly compensation package

SELF-EMPLOYED INDIVIDUALS

• Audited Financial Statements and ITR for the last 3 years (BIR stamped)
• Certificate of Registration of Business Name
• Business Profile
• Complete list of suppliers and clients

COLLATERAL REQUIREMENTS

• Condominium Certificate of Title of unit and parking slot, (if any)
• Current Tax Declaration (unit and parking slot, if any)
• Current Tax Receipts (unit and parking slot, if any)
• Current Tax Declaration (unit and parking slot, if any)
• Location Plan
• Occupancy Permit

BANK FORM

• Loan Application
• Mortgage Redemption Insurance (MRI) Application

FOR OFWs*

• Certificate of Employment stating length of service and monthly compensation package
• POEA Contract
• ITR (if any)
• Payslips (last 6 months)
• Special Power of Attorney (Bank Form)
  * All documents have to be authenticated by the Philippine Embassy/Consul if issued abroad

INSURANCES AND FEES REQUIRED

• P1,500 Filing Fee (non-refundable)
• Processing Fee
• Mortgage Registration Expenses
• Documentary Stamp Tax
• Mortgage Redemption Insurance (MRI) Premium
• Fire and Earthquake Insurance Premium