BANK LOAN
(General requirements of most banks, for specific, contact bank concerned.)
If in the Philippines:
* Income Tax Return (latest)
* Certificate of employment with compensation
* Business Permit (if self-employed)
* Community Tax Certificate
* T.I.N. (Tax identification Number)
* Bank Statement (for the last 6 months)
* Marriage Certificate (if married) (Photocopoy)
* Proof of Billing
* Post Dated Checks
Note: All original except marriage certificate, Business Permit, Community Tax Certificate.
If Borrower is permanently abroad:
* Federal Income Tax Return (latest)
* Bank Statement (for the last 6 months)
* Special Power of Atty. (SPA) (consul authenticated)
* Certificate of Employment with compensation (consul authenticated)
* Proof of remittance
* Business Permit (if self employed)
* Marriage Certificate (if married)
* Post Dated Checks
(Note: All original except marriage certificate)
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WHICH BANK OFFERS THE BEST HOME LOAN DEAL?…
a.) Interest rate level per repricing cycle
b.) Margin of Finance (a.k.a. Equity level / loanable amount)
I took the liberty of shopping around so to speak for these two items being offered by different banks in the country. Now, if you prefer a particular bank, which offers a relatively inferior homeloan package, you might want to use this information as a negotiation tool with your bank so that you might be given a better homeloanpackage.
a.) Interest rate level per repricing cycle
(General requirements of most banks, for specific, contact bank concerned.)
If in the Philippines:
* Income Tax Return (latest)
* Certificate of employment with compensation
* Business Permit (if self-employed)
* Community Tax Certificate
* T.I.N. (Tax identification Number)
* Bank Statement (for the last 6 months)
* Marriage Certificate (if married) (Photocopoy)
* Proof of Billing
* Post Dated Checks
Note: All original except marriage certificate, Business Permit, Community Tax Certificate.
If Borrower is permanently abroad:
* Federal Income Tax Return (latest)
* Bank Statement (for the last 6 months)
* Special Power of Atty. (SPA) (consul authenticated)
* Certificate of Employment with compensation (consul authenticated)
* Proof of remittance
* Business Permit (if self employed)
* Marriage Certificate (if married)
* Post Dated Checks
(Note: All original except marriage certificate)
--------------------------------------------------------------------------------
WHICH BANK OFFERS THE BEST HOME LOAN DEAL?…
a.) Interest rate level per repricing cycle
b.) Margin of Finance (a.k.a. Equity level / loanable amount)
I took the liberty of shopping around so to speak for these two items being offered by different banks in the country. Now, if you prefer a particular bank, which offers a relatively inferior homeloan package, you might want to use this information as a negotiation tool with your bank so that you might be given a better homeloanpackage.
a.) Interest rate level per repricing cycle
b.) Margin of Finance (a.k.a. Equity level / loanable amount)