Guide on How Much You Can Borrow Under Maybank Home Loan
MAYBANK HOME LOAN – Here is a guide on how much you can borrow under the housing loan offer of Maybank Philippines.
Most banks nowadays do not only offer deposit and savings accounts, credit cards, and investment products and services to the public. They also offer financial assistance in the form of loans.
One of these banks is Maybank. It has a multi-purpose loan offer, the Maybank Personal Loan, and as well loans with specific purposes. Under the latter, there are the auto and the housing loans which are for the acquisition of a car and a house respectively.
With regards to the Maybank Home Loan, it is open to assist in a house acquisition, a house construction, a refinancing of a home loan, and the payment of a home equity. Who are eligible to apply for it?
Based on the official website of Maybank, it has set a few eligibility qualifications in applying for the said loan offer. The applicant must be:
- not more than 65 years old on the day of the maturity of the loan
- employed or self-employed with a stable source of income
- locally employed – must be working in a reputable company for at least two (2) years
- employed abroad – must be having a work contract of at least two (2) years and the work must be under Professional and Technical Jobs category
- self-employed – the business must be operational for at least three (3) years now and profitable for at least two (2) years
Do you want to know how much you can borrow under the said Maybank offer? Based on an article on eCompare Mo, here are the minimum and the maximum loanable amounts under it:
- Minimum Loanable Amount – Php 1,000,000.00
- Maximum Loanable Amount – Php 5,000,000.00
You might want a guide on how to apply for the said loan offer. You may visit – Maybank Home Loan – How To Apply & Requirements To Prepare.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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