Guide on Maybank House Acquisition Loan Loanable Amounts
MAYBANK HOUSE ACQUISITION LOAN – Here are the minimum and maximum loanable amounts under this Maybank loan offer.
Are you looking for a bank where you can apply for a house loan? Maybank Philippines has the offer – in fact, offers. It has separate home loan offers to the borrowers depending on the purpose. One of these and also the main offer is the Maybank House Acquisition Loan.
How much you may borrow under the Maybank House Acquisition Loan? Here are the minimum and maximum loanable amounts under the offer:
- Minimum Loanable Amount – Php 500,000.00
- Maximum Loanable Amount – up to 90% of the appraised value of the property
Qualifications for Maybank House Acquisition Loan 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 House Acquisition Loan 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
To apply for the loan offer, bring your documents to a branch of Maybank and submit them for evaluation. To check on the other loan offers of the bank, you may visit – MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For.
