Lists of Requirements for Maybank Refinancing Home Loan You Must Submit To Apply
REQUIREMENTS FOR MAYBANK REFINANCING HOME LOAN – Here are the documents that Maybank requires in applying for the loan offer.
Are you looking for better services for your home loan? In the Philippines, one of the entities that is ready to provide you with the best services for your loans is Maybank, a reputable banking entity in the country.
Maybank actually has several loan offers pertaining to residential properties. One of them is the the Maybank Refinancing Home Loan that is ready to refinance your existing home loan and transfer it under their account so they can provide you with satisfying services.
Under the Maybank refinancing offer, you can enjoy an excellent combination of both great service and competetive rates. It can refinance your existing loan with an amount that is up to an equivalent of the 80% of the appraised value of your residential property.
The loan is payable for up to 15 years for house and lot and condominium units and up to 10 years for vacant lots. It is open for locally-employed and self-employed individuals as well as overseas Filipino workers.
The requirements for Maybank Refinancing Home Loan depends if you are employed, self-employed, or an OFW. Here is a guide on the documents that you need to prepare:
If Employed:
- duly-filled-out and signed Maybank Home Equity Loan Application Form
- government-issued IDs
- Marriage Certificate (if married) and CENOMAR (if single)
- 3 months payslip
- Income Tax Return (latest year)
- Certificate of Employment for both spouses
If Self-Employed:
- duly-filled-out and signed Maybank Home Equity Loan Application Form
- government-issued IDs
- Marriage Certificate (if married) and CENOMAR (if single)
- Business Registration/Permits
- Latest 2 years Audited Financial Statements
- Company profile/business background or List of Major Suppliers and Customers with contact details (at least 5)
- Income Tax Return (latest 2 years)
- Latest 6 months Bank Statements/Passbook
If Overseas Filipino Worker:
- duly-filled-out and signed Maybank Home Equity Loan Application Form
- government-issued IDs
- Marriage Certificate (if married) and CENOMAR (if single)
- Contract of Employment / Employment Certificate
- History of Employment / Latest Crew Contact (if applicant is a Seafarer)
- Special Power of Attorney (using Maybank’s format)
- Latest 6 months bank statements/proof of remittance
- Latest ITR (if applicable)
There are also collateral requirements for Maybank Refinancing Home Loan. Here are the collateral documents that you need to prepare and submit to the bank:
- Updated Statement of Account from originating institution
- History of payment from originating institution
Please be aware that Maybank charges a non-refundable appraisal fee upon the application and the fees such as the processing fees, registration fees, insurance premiums, and other incidental expenses are under the account of the borrower.
Aside from the Home Loans, the bank is also ready to help business owners in taking their businesses to a different level through the Maybank Retail SME Loan.
