Guide on Maybank Townhouse Loan Features & Application
MAYBANK TOWNHOUSE LOAN – Here is a guide on how to apply for this loan offer of Maybank, the requirements, the loanable amounts, etc.
In the present times, aside from house and lots or other resiential properties in the cities or mainland, many people are into owning townhouses. In most cases, these townhouses serve as the family’s resthouse during summer vacations or long weekends. In some cases, these are the family’s go-to every weekend.
The good thing now is that there are some entities that are willing to finance the purchase of a townhouse if you are planning to buy one. One of these entities is Maybank and you can check the Maybank Townhouse Loan offer below.
Maybank Townhouse Loan
Under Maybank Townhouse Loan offer, your townhouse purchase can be financed by the bank for up to 90% of the appraised value of the property. The maximum loan term is 30 years and the interest rates can be fixed for 1, 3, or 5 years. Do you want to know how much you may borrow under the 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 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