Guide on Maybank Condo Loan Features & Application
MAYBANK CONDO LOAN – Here is a guide on how to apply for this loan offer of Maybank, the requirements, the loanable amounts, etc.
Nowadays, a lot of people most especially those who have yet to settle down in life like to live in condominium units. There are a lot of sky-rise condo buildings across the nation most especially in Manila.
In some cases, many individuals get condo units for the reason that it is closer to their work or school. There are home loan offers that includes the purpose of financing a condo purchase. One of the entities that you may turn to is Maybank and you can check the Maybank Condo Loan offer below.
Maybank Condo Loan
Under this Home Loan offer of Maybank, you can borrow money based on the appraised value of the property that you wished to purchase. 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 Condominium Certificate of Title (CCT)
- Copy of Master Deed of Declaration and Restriction Copy of Tax Declaration
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
