PSBank Home Loan Requirements 2024 You Must Submit to Apply

List of PSBank Home Loan Requirements 2024 for Application

PSBANK HOME LOAN REQUIREMENTS 2024 – You can check here the documents needed in applying for the Philippine Savings Bank loan offer.

In the Philippines, one of the banks that have multiple loan offers is the Philippine Savings Bank or more popularly called PSBank. It is a subsidiary of Metrobank, a giant in the banking industry in the country.

Aside from the PSBank cash loan offer, the bank also has a home loan offer which comes in different offers covering different purposes. Meanwhile, it has a loan offer that serves several purposes, the PSBank Home Loan with a Prime Rebate.

The PSBank Home Loan with Prime Rebate application is open for purposes of financing an acquisition of house and lot, vacant lot, townhouse or condo unit, duplex; house construction or renovation; refinancing; and equity or reimbursement of acquisition cost.

Who are qualified to apply for the loan offer of the Philippine Savings Bank? It is open for individuals who meet the following eligibility requirements:

• a Filipino residing in the Philippines
• of legal age
• employed, self-employed, or an overseas Filipino worker (OFW) with a stable source of income
• has a residential landline or mobile number, business landline and email address

In applying for the loan offer, there are PSBank Home Loan requirements that must be submitted for application. The list of the required documents depend if the applicant is employed, self-employed, or an overseas Filipino worker (OFW).

Here is a guide on the PSBank Home Loan requirements for application based on the employment status of the loan applicant:

If Employed:

• duly-accomplished PSBank Home Loan application form
• Cash or Check payable to Philippine Savings Bank as non-refundable payment for appraisal fees
• Photocopy of Transfer/Condominium Certificate of Title (TCT/CCT)
• Contract to Sell/Reservation Agreement (if acquiring from an accredited developer)
• Valid photo-bearing IDs with signature
• Copy of Court Decision on Annulment and Certificate of Finality of Decision (if annulled)
• Copy of Court Decision on Legal Separation and Certificate of Finality of Decision (if legally separated)
• proof of income:
  • Latest Certificate of Employment
  • Income Tax Return or BIR Form 2316 or 2306

If Self-Employed:

• duly-accomplished PSBank Home Loan application form
• Cash or Check payable to Philippine Savings Bank as non-refundable payment for appraisal fees
• Photocopy of Transfer/Condominium Certificate of Title (TCT/CCT)
• Contract to Sell/Reservation Agreement (if acquiring from an accredited developer)
• Valid photo-bearing IDs with signature
• Copy of Court Decision on Annulment and Certificate of Finality of Decision (if annulled)
• Copy of Court Decision on Legal Separation and Certificate of Finality of Decision (if legally separated)
• proof of income:
  • Latest BIR Form 1701 with BIR stamp
  • Latest Audited Financial Statement with BIR stamp

If Overseas Filipino Worker (OFW):

• duly-accomplished PSBank Home Loan application form
• Cash or Check payable to Philippine Savings Bank as non-refundable payment for appraisal fees
• Photocopy of Transfer/Condominium Certificate of Title (TCT/CCT)
• Contract to Sell/Reservation Agreement (if acquiring from an accredited developer)
• Valid photo-bearing IDs with signature
• Copy of Court Decision on Annulment and Certificate of Finality of Decision (if annulled)
• Copy of Court Decision on Legal Separation and Certificate of Finality of Decision (if legally separated)
• proof of income:
  • Non-Immigrant (contractual worker), any of the following:
    • Consularized Certificate of Employment
    • Job contract
    • Non-consularized Certificate of Employment AND payslip or proof of remittance for the past 3-6 months
    • any of the following:
      • Proof of remittance for the past three to six months
      • Pay slips for the past three months
      • Latest Income Tax Return
  • Immigrant, Certificate of Employment and any of the following:
    • Income Tax Return
    • Proof of Remittance or Pay slip for the past 3-6 months

In the case of refinancing and home construction loans, there are additional PSBank Home Loan requirements that the client must submit. Here is a guide on the additional documents required by the bank based on the loan purpose:

Refinancing:

• Proof of Payment of amortization for the last three (3) months
• Latest Statement of Account from Mortgage

Home Construction:

• Floor and Building Plans
• Building Specifications
• Bill of Materials
• Estimates of Construction and Labor costs