Guide on EastWest Home Loan Requirements for Application
EASTWEST HOME LOAN REQUIREMENTS you must prepare and submit to the bank if you are a self-employed individual who want to apply for loan.
Nowadays, you do not have to wait long to be finally living in a house that you can call your own. There are excellent loan options that you can turn to. One of these is the Home Loan offer of the EastWest Bank.
The EastWest Bank has earned the trust of countless Filipinos. Through the years, it has continually upgraded the features of its offers as well as widen its offers. One of the loans that you may apply for is the EastWest Bank Home Loan.
Under the loan offer, you may apply for the financing of a residential property acquisition, a house construction, and the reimbursement of a residential property purchase. You just have to submit the EastWest Home Loan requirements set by the bank.
The loan offer is open for both employed and self-employed individuals. In the case of the self-employed individuals, here are the EastWest Home Loan requirements that you must prepare and submit to the bank to apply for the loan:
Self-Employed Individuals
- duly-completed and signed EastWest Bank Home Loan Application Form
- two (2) valid government-issued IDs
- Business Registration (SEC/DTI)
- Audited Financial Statements for the last 2 years
- Updated Interim Financial Statement if most recent AFS is more than 6 months
- Latest 6-month bank statements w/authorization to conduct bank verification
- List of trade references (at least 3 suppliers and 3 customers with telephone numbers and contact persons)
- Articles of incorporation and By-laws
Practicing Doctor
- duly-completed and signed EastWest Bank Home Loan Application Form
- two (2) valid government-issued IDs
- Clinic Address/es and schedule/s
Earning from Rental Property Business
- duly-completed and signed EastWest Bank Home Loan Application Form
- two (2) valid government-issued IDs
- Rental/Lease Contract (indicating name of tenants and rental amounts with complete addresses of properties being rented)
- Photocopy of title (CCT/TCT)
Earning from Transport Business
- duly-completed and signed EastWest Bank Home Loan Application Form
- two (2) valid government-issued IDs
- LTO Certificate of Registration (CR) and Official Receipt (OR)
- LTFRB Franchise/s
Earning from Commissions
- duly-completed and signed EastWest Bank Home Loan Application Form
- two (2) valid government-issued IDs
- Vouchers and bank statements (for the last 6 month reflecting commissions)
Aside from the personal documents of the client, the EastWest Home Loan requirements also include collateral requirements. Here are the collateral documents that the bank requires for submission depending on the purpose of the loan application:
Residential Property Acquisition
- photocopy of Title for Collateral (TCT for land title/CCT for condo title)
- Tax Declaration (Land and Building)
- Appraisal Fee Official Receipt (OR)
- If buying from accredited developer:
- Copy of CTS
- Copy of SOA/Payment Schedule
- If buying from secondary market/individual seller:
- Copy of Title
- Appraisal fee payment – Php 3,500 Metro Manila / Php 5,000 outside Metro Manila
House Construction
- Bill of Materials or Cost Estimate
- Building Plan or Renovation Plan
- General Specification or Scope of Work
Refinancing/Loan Take-out
- Latest Statement of Account from Mortgagor
- Proof of payment for the last 6 months (Official Receipts or cleared checks with Bank Statements or Ledger)