Guide On Who Are Eligible To Apply for Chinabank Home Loan
CHINABANK HOME LOAN – Here is a guide on who are eligible to apply for this loan offer of Chinabank that is open for residential property acquisition.
More and more people are achieving their dream of having their own house now because there are a lot of excellent offers everywhere. They chose among the offers and made their dream become a reality. Among these offers are the bank loans that assist in house acquisition.
Do you want to be one of those who are comfortably living in a house they can call their own? You might start to look for bank loans now in case you cannot pay for a residential property purchase in full yet.
One of the banks in the Philippines that offer such loans is Chinabank. It is open for any of the following purposes:
- Purchase of house and lot
- Purchase of condominium unit
- House construction
- Refinancing of house loan
- Reimbursement of residential property acquisition
- Home renovation
The bank has set a list of eligibility qualifications under the loan . To be eligible to apply for this offer, the applicant must be:
- a Filipino citizen
- of legal age but not more than 65 years old upon the loan maturity
- employed for at least three(3) years with a supervisory or managerial position
- having no adverse credit findings
- able to pay a monthly amortization that is:
- <35% of the GMA
- <75% of the Net Disposable Income (NDI)
In applying for this loan offer, an applicant must prepare an amount for the filing of application fee. For a guide on how much you must prepare, you may visit – CHINABANK HOME LOAN – How Much Is the Filing Fee In Applying.
The requirements in applying for this home loan offer depend on the purpose of the applicant and as well as his or her employment status. You may check on it through the official website of Chinabank.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: CHINABANK LOANS – Full List of China Bank Loan Offers You May Apply For
