Guide on Maybank Home Loan Refinancing Loanable Amounts
MAYBANK HOME LOAN REFINANCING – Here are the minimum and maximum loanable amounts under this Maybank loan offer.
If you are looking for an entity where you can apply for a loan for the refinancing of your existing home loan, Maybank Philippines is probably what you are searching for. Its offers comes with excellent features.
You may apply for Maybank Home Loan Refinancing and get up to 80% of the appraised value of your house and lot, condominium unit, or townhouse or up to 60% of the value of your vacant residential lot. The bank has set P500,000.00 as the minimum loan amount. You can repay the loan for up to 15 years.
Qualifications for Maybank Home Loan Refinancing Application:
In every loan, there are eligibility requirements set by the lender. For this home loan offer of Maybank Philippines, in order for the borrower-applicant to be eligible for application, he or she must be:
- not over 65 years old upon the loan maturity
- having a stable source of income
- if employed, the borrower must be working in a reputable company for at least two (2) years already
- if self-employed, the borrower must be running a business that is registered and operational for at least 3 years already and has been profitable for at least 2 years already
- if overseas Filipino worker (OFW), the applicant must have a two-year employment contract
Requirements for Maybank Home Loan Refinancing Application:
Basic Requirements:
- duly-accomplished and signed Maybank Housing Loan Application Form
- government-issued IDs
- if married, present Marriage Certificate; if single, present Certificate of No Marriage (CENOMAR)
Income and Employment Requirements:
If you are employed, prepare the following documents:
- latest Income Tax Return (ITR)
- 3 months payslip
- Certificate of Employment for both spouses
If you are self-employed, prepare the following documents:
- latest two (2) years Audited Financial Statements (AFS)
- Business Registration or Permits
- latest Income Tax Return for the last 2 years
- company profile
- latest six (6) months Bank Statements / Passbook
If you are an overseas Filipino worker (OFW), prepare the following documents:
- latest ITR
- Contract of Employment
- latest six (6) months Bank Statements
- History of Employment
- Special Power of Attorney
For the loan application to Maybank, submit your requirements to a branch of the bank and wait for the interview. The bank also offers a cash loan. You may visit – Maybank Cash Loan Application: How To Apply & Requirements To Submit.