Guide on Maybank Home Loan Refinancing Features & Application
MAYBANK HOME LOAN REFINANCING – Here is a guide on how to apply for this loan offer, the requirements, the loanable amounts, etc.
Maybank Philippines is one of the banks in the country with multiple loan offers. One of them is the Housing Loan offer which serves several purposes including the refinancing of an existing home loan with another bank or entity.
Maybank Home Loan Refinancing
Truth be told that there are cases when a home loan refinancing is needed. There can be cases within the period of paying for a home loan when unexpected scenarios took place leading to missed monthly amortizations that incurred penalties. Meanwhile, with Maybank, you capply for a refinancing of your existing home loan. 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