Guide on Maybank Home Cash Loan Features & Application
MAYBANK HOME CASH LOAN – Here is a guide on how to apply for this loan offer of Maybank, the requirements, the loanable amounts, etc.
There are banks that you may turn to for home loans that have wide coverage. One of these is Maybank Philippines which has a Home Loan offer that does not only cover the purposes of financing a residential property acquisition, house construction, or home renovation but as well as a Home Equity Loan.
Maybank Home Cash Loan
Under this loan offer of Maybank Philippines, you can use your residential property as the collateral to obtain some cash to expand your business, travel, pay for the education of your kids, etc. The bank boasts its offer with fixed interest rates for 1, 3, or 5 years depending on your choice and you can repay the loan for up to 30 years. Do you want to know how much you may borrow under this loan offer? 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
