Lists of Requirements for Maybank Home Equity Loan You Must Submit To Apply
REQUIREMENTS FOR MAYBANK HOME EQUITY LOAN – Here are the documents that Maybank requires in applying for the loan offer.
Are you interested about the Home Equity Loan offer of Maybank? Under this offer, the borrower may obtain some funds based on the value of his/her residential property. It is like a multi-purpose cash loan offer that requires a collateral.
The Maybank Home Equity Loan has helped countless individuals in answering their financial needs. Under the offer, up to Php 5 million may be obtained and the maximum repayment allowed by the bank is 10 years. The bank also offers a fixing period that locks the interest rate for up to five (5) years.
The loan offer is open not only for locally-employed and self-employed individuals but as well as for overseas Filipino workers (OFWs). The requirements for the Maybank Home Equity Loan may vary depending on the nature of the individual’s source of income.
Here is a guide on the requirements for the Maybank Home Equit Loan application process:
If Employed.
- duly-filled-out and signed Maybank Home Equity Loan Application Form
- government-issued IDs
- Marriage Certificate (if married) and CENOMAR (if single)
- 3 months payslip
- Income Tax Return (latest year)
- Certificate of Employment for both spouses
If Self-Employed.
- duly-filled-out and signed Maybank Home Equity Loan Application Form
- government-issued IDs
- Marriage Certificate (if married) and CENOMAR (if single)
- Business Registration/Permits
- Latest 2 years Audited Financial Statements
- Company profile/business background or List of Major Suppliers and Customers with contact details (at least 5)
- Income Tax Return (latest 2 years)
- Latest 6 months Bank Statements/Passbook
If Overseas Filipino Worker.
- duly-filled-out and signed Maybank Home Equity Loan Application Form
- government-issued IDs
- Marriage Certificate (if married) and CENOMAR (if single)
- Contract of Employment / Employment Certificate
- History of Employment / Latest Crew Contact (if applicant is a Seafarer)
- Special Power of Attorney (using Maybank’s format)
- Latest 6 months bank statements/proof of remittance
- Latest ITR (if applicable)
According to Maybank, all properties are subject to a non-refunadable appraisal fee. The borrower are bound to should the payments of the registration fees, insurance premiums, processing fees, and other incidental costs. The borrower may choose to pay for the monthly due via Post Dated Checks or PDCs.
