Guide on Maybank Home Purchase Loan Features & Application
MAYBANK HOUSE CONSTRUCTION LOAN – Here is a guide on how to apply for this loan offer of Maybank, the requirements, the loanable amounts, etc.
Many people have their own dream house and they prefer getting a lot and building their own house rather than buy house and lot packages in subdivisions. However, building your dream house may also require some financial assistance. One of the offers that you may turn to is the Maybank House Construction Loan.
Maybank House Construction Loan
Under this Home Loan offer of Maybank, you can borrow money based on the appraised value of the land and the proposed building you wish to construct. You can repay the amount borrowed for up to 30 years with fixed interest rates for 1, 3, or 5 year terms based on your choice. How about the loanable amounts? To check how much you may borrow, feel free to visit – MAYBANK HOME LOAN – How Much You Can Borrow Under It.
Who are qualified to apply for this Maybank loan offer?
To be eligible to apply for the loan offer of Maybank, the borrower-applicant must be:
- not more than 65 years old upon the end of the loan term
- gainfully employed for at least two (2) years already or running a profitable business that is registered (the business must be operating for at least three years already and profitable for at least two years already); overseas Filipino worker (OFW)
Requirements in Applying:
- duly-accomplished Maybank Housing Loan Application Form
- government-issued IDs
- Certificate of No Marriage (CENOMAR) if single; Marriage Certificate if married
- proof of income/employment:
- If you are employed, prepare the following:
- Latest Income Tax Return (ITR)
- 3 months payslip
- Certificate of Employment for both spouses
- If you are self-employed, prepare the following:
- latest 2 years of Audited Financial Statements
- Business Registration / Permits
- Income Tax Return
- Company Profile / Business Background
- latest 6 months Bank Statements / Passbook
- if you are an overseas Filipino worker (OFW), prepare the following:
- History of Employment / Latest Crew Contact (for seafarers)
- Contract of Employment / Employment Certificate
- Special Power of Attorney
- latest ITR
- latest 6 months bank statements/proof of remittance
- If you are employed, prepare the following:
Collateral Requirements:
- Copy of Tax Declaration (Lot and Improvement)
- Copy of Transfer Certificate of Title (TCT)
To apply, go to Maybank and submit your documents. The loan application processing may take a few working days before the bank will notify you about the result.
You may also visit – MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For