Chinabank Home Loan Requirements You Need To Prepare
CHINABANK HOME LOAN REQUIREMENTS – Here is a guide on the documents that you must prepare for the purchase of a house and lot.
Several banks in the Philippines can help you make big but valuable purchases like buying a car or a house. These two require a huge amount of money but are the best possessions you can have in life.
A house of your own really promotes security and assurance. If you are under your own roof, you can make your own house rules and you can continuously work to enhance your place and make it very comfortable for you and your loved ones.
However, a lot of people have yet to purchase their own house as it will need a huge amount of money. Meanwhile, you can do it in light monthly installments. There are several banks including Chinabank that can assist you.
One of the loans offered by the bank is Chinabank Home Loan. It is open for several purposes including the purchase of a house and lot, funding a house construction, and funding a home renovation.
Do you want to check on the qualifications in applying for it? You may visit – CHINABANK HOME LOAN – Who Are Eligible To Apply For This Loan Offer.
The said loan has a variety of requirements depending on the purpose of application. For the case of purchasing a house and lot, here is a list of the Chinabank Home Loan requirements you must prepare:
Chinabank Home Loan Requirements
- Identification Papers (TIN, Community Tax Certificate, Passport, Company ID, Driver’s License)
- Marriage Contract (if married)
- Bio-data/Resume
- Deposit Statements of Accounts (last 6 months)
- Loan Application Form
- Mortgage Redemption Insurance (MRI) Application
For employed individuals…
- Latest Income Tax Return (ITR)/W-2 Form
- Certificate of Employment stating length of service and monthly compensation package
For self-employed individuals…
- Audited Financial Statements and ITR for the last 3 years (BIR stamped)
- Certificate of Registration of Business Name
- Business Profile
- Complete list of suppliers and clients
For overseas Filipino workers…
- Certificate of Employment stating length of service and monthly compensation package
- POEA Contract ITR (if any)
- Payslips (last 6 months)
- Special Power of Attorney (Bank Form)
Collateral Requirements
- Transfer Certificate of Title
- Current Tax Declaration
- Current Tax Receipts
- Current Tax Clearance
- Location Plan
Do you want to know about your possible monthly amortization? You may visit – Chinabank Home Loan – How Much Will Be Your Monthly Due Under It.
Thank you for visiting our website. We hope we have helped you with regards to this Chinabank offer. You may keep coming back for more informative guides.
READ ALSO: CHINABANK LOANS – Full List of China Bank Loan Offers You May Apply For
