Guide on PhilTrust Bank Loan Requirements — FULL LIST
PHILTRUST BANK LOAN REQUIREMENTS – Here are the documents that a corporation must submit to apply for the loan offer.
Nowadays, businesses are rising almost everywhere. A lot of people want to venture this area where many were led into financial success. Some are running real estate businesses, food businesses, educational business, etc.
However, truth be told that running a business requires a huge amount of money. Some businesses need thousands while others need millions to get to the next level. Meanwhile, in these situations, there are entities that you can turn to.
PhilTrust Bank or the Philippine Trust Company is one of the entities that you may turn to. It offers a Business loan that can help boost your working capital, investment, business expansion, and many business-related purposes.
The Business Loan offer is open for both individual and corporate applications. The PhilTrust Bank loan requirements vary depending whethere you are applying as an individual or as a corporation.
The PhilTrust Bank loan requirements are divided among the documents needed for appraisal, for the appraisal of a real estate collateral, and for the registration of mortgage.
For appraisal
- duly-accomplished PhilTrust Bank Loan Application Form
- Customer Information Sheet
- two (2) valid IDs bearing photo and issued by the Philippine Authority
- Certificate of Employment with Compensation
- Latest Income Tax Return (ITR)
- DTI Registration for Single Proprietorship
- Latest Audited Financial Statement
- Statement of Assets and Liabilities
Real Estate Collateral (For appraisal)
- Transfer Certificate of Title (Photocopy)
- Location Plan
- New Tax Declaration of Land and Improvement/s
- Updated Real Estate Tax Receipt
- Authorization for Verification of Title with the Registry of Deed
- Authorization for Research of Tax Mapping and Site Location
- Appraisal Fee
For Registration of Mortgage
- Owner’s Duplicate Transfer Certificate of Title
- Original Tax Clearance of Land and Improvement/s
- Original and Certified True Copy of Tax Declaration of Land and Improvement/s
- Photocopy of Taxpayer Identification Number (TIN)
- Insurance coverage/policies on the improvement endorsed to PhilTrust Bank and the current year’s official receipt of premium payment