List of Requirements of Chinabank Home Loan to Purchase Condominium Unit
REQUIREMENTS OF CHINABANK HOME LOAN – Here is a list of the documents you must prepare in applying for this Chinabank loan for condominium purchase.
Compared before, there is now a new trend when it comes to residential properties or choosing where to live. A lot of people most especially the younger ones purchased a condominium unit.
Some individuals bought a condo unit as it is nearer to their workplace or school while others simply want privacy and independence. Are you one of those who want to purchase a condo unit?
There are banks now that have opened their home loan offers for the purchase of buying a condominium unit. One of them is Chinabank.
Do you want to check on who are eligible to apply for the home loan offer of Chinabank? Feel free to visit – CHINABANK HOME LOAN – Who Are Eligible To Apply For This Loan Offer.
With regards to the requirements of Chinabank Home Loan for the purchase of a condominium unit, here are the lists:
Requirements of Chinabank Home Loan for Condominium Unit Purchase
Basic:
- 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
Proof of Income:
- For employed applicants…
- Latest Income Tax Return (ITR)/W-2 Form
- Certificate of Employment stating length of service and monthly compensation package
- For self-employed applicants…
- 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
Collateral Requirements:
- Condominium Certificate of Title of unit and parking slot, (if any)
- Current Tax Declaration (unit and parking slot, if any)
- Current Tax Receipts (unit and parking slot, if any)
- Current Tax Declaration (unit and parking slot, if any)
- Location Plan
- Occupancy Permit
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