Housing Loan

Philippine Veterans Bank CTBC Bank Corp. Philippine Trust Company

Features  Loan Purposes Purchase of:  Purchase, construction or
 House Construction - House & Lot renovation or real estate
 Purchase of house and lot - Condominium Unit property
 Purchase of townhouse or - Townhouse
condominium - Lot Only (for future construction of
 Purchase of lot primary home)
 Home improvement - Lot with house construction
 Refinancing of existing housing  House Construction
loan  Refinancing
 Refinancing of lot (for future
construction of primary home)
 House Renovation / Home
Improvement
 Personal Investment (purchase of
another asset)

Loanable Amount  Minimum of P375,000  Minimum of PhP500,000. but not  Minimum loan amount of
 Up to a maximum of 80% of exceeding PhP25,000,000. P300,000
appraised value of the collateral  Maximum loan amount of up to
 Up to 60% on vacant lots 80% assessed value

Interest Rate  Competitive Interest Rates up to  Prevailing Home Loan rate at time  1.5% per month
a maximum of 20 years of availment
Repayment Term A housing loan with a maximum term Principal and interest payable in equal Up to 10 years
of twenty (20) years and a choice of monthly amortizations until fully
either a regular housing loan or Home liquidated
Loan Cash Back whereby 100% of the
loan principal will be returned to the
 borrower upon completion of
amortization payments (20 years) and
fully meeting the loan's terms and
conditions agreed upon at the
approval of the loan. Housing Loans
up to 15 years will not have a Cash
Back offer
Acceptable Collateral Any real estate property with a
Transfer Certificate of Title free from
loan or encumbrance.
Approval Time 7-10 days working days for Metro 7 banking days
Manila, Bulacan, and CALABARZON.
Requirements Completely filled-out Home Loan For Salaried Individuals
Application Form
Valid Identification Cards
(government-issued IDs such as SSS,
Driver’s License, PRC ID, TIN,
passport; company ID)
Marriage Contract (if applicable)
Special Power of Attorney (if
applicable)
Health Declaration Form for MRI
enrollment with PVB’s insurance
company
 Real estate mortgage
 Hold-out on peso or dollar
deposits maintained with our
Bank
 Assignment of acceptable listed
shares of stocks
 Assignment of acceptable
country club shares, or
 Assignment of government
securities.
5-21 banking days
 Application of Credit
 Duly filled-out and signed  Customer Information
application form Sheet 2″x2″ Photos of
 Payment of appraisal fee Applicant
 Photocopy of two (2) valid IDs  Two Valid Photo-bearing
each from the principal borrower Identification Cards issued
and co-borrower and signed by Philippine
 Photocopy of Marriage Contract (if Authority
applicable)  Certificate of Employment
 Photocopy of TCT / CCT with Compensation
 Photocopy of lot plan / vicinity  Latest Income Tax Return
plan / subdivision plan  DTI Registration for Single
 Photocopy of updated Tax Proprietorship
 For locally-employed loan
applicants
 Certificate of Employment (CoE)
and latest 3 months pay slips
 Income Tax Return (ITR) for the
recent two years
 For self-employed loan
applicants
 DTI Registration of Business
 Articles of Incorporation / By-
Laws / SEC Registration
 ITR & Financial Statements for
the last two (2) years
 Bank Statements for the past six
(6) months
 List of Trade References (at
least 3 major suppliers /
customers)
 Photocopy of Lease Contracts,
and TCT (if income source is
rent)
 For collateral property, the
following documents will be
needed
 Clear Copy of Owner’s Duplicate
Copy of TCT / CCT
 Lot Plan & Vicinity Map Certified
by a Geodetic Engineer
 Photocopy of Tax Declaration on
land & improvement Photocopy
Declaration, Real Estate Tax  Statement of Assets and
Receipts and Tax Clearance Liabilities
 Photocopy of Certificate of  Latest Audited Financial
Employment Statement
 Photocopy of latest three (3)
months’ pays lip/s
 Photocopy of latest Income Tax
Return / BIR Form 2316
 Authority to Inspect Form (for
condominium)
 Latest Statement of Account of
creditor banks (for refinancing /
take-out purpose)
 For Professionals and Self-
Employed
 Duly filled-out and signed
application form
 Payment of appraisal fee
 Photocopy of two (2) valid IDs
each from the principal borrower
and co-borrower
 Photocopy of Marriage Contract (if
applicable)
 Photocopy of TCT / CCT
 Photocopy of lot plan / vicinity
plan / subdivision plan
 Photocopy of updated Tax
Declaration, Real Estate Tax
Receipts and Tax Clearance
 Photocopy of Business
Registration papers (i.e. SEC
Registration / Articles of
 of Tax Declaration on land &
improvement
 Contract to Sell from Developer
stating the contract price &
ledger
 Original copy of Certificate of
Good Credit Standing from the
Homeowners Assoc. or
Condominium Corp.
 If you are availing of home loan
to refinance an existing loan with
another bank, the following
documents will be needed
 Statement of Account from the
Mortgage Lender
 Proof of Payment for the past six
(6) months
Incorporation / By-laws / GIS or
DTI certificates)
 Mayor's Permit / Business Permit
 Photocopy of latest six (6) months
bank statements
 Photocopy of Audited Financial
Statements (for the last 3 years)
 Photocopy of Income Tax Return
for the last three (3) years
 List of major trade suppliers and
customers with contact person
and landline numbers (3 of each)
 Authority to Inspect Form (for
condominium)
 Latest Statement of Account of
creditor banks (for refinancing /
take-out purpose)

 For those availing of the loan for

home improvement or
construction, the following
documents will be needed
 Building & Floor Plans (complete
set)
 Bills of Materials /
Specifications / Cost Estimates