Guide on Maybank Home Loan Loanable Amounts Under Home Equity
MAYBANK HOME LOAN – Here is a guide on how much you can borrow under this equity loan offer of Maybank Philippines.
Having your own house and lot or any residential property does not only save you from paying the monthly rent. Also, it can help you in times of emergencies or financial challenges. How?
There are several banks now that offer home loans for equity purposes. You can use your property to borrow a certain amount of money from the bank. Maybank Philippines is one of those banks with the said offer.
The Maybank Home Loan is open for home acquisition, home construction, home loan refinancing, and home equity. How much you can borrow under home equity loan?
According to Maybank, you can borrow up to 60% of the appraised value of your property or up to P5 million. The minimum loanable amount set by the bank is Php 500,000.00.
If you have a house and lot, the maximum loan term is 10 years. The said maximum loan tenor is applied for the townhouse and the condominium unit.
Like in other loans, the bank has set eligibility requirements or qualifications in applying for its offer. There are also documentary requirements that must be submitted and all applications are subject to the approval of the bank.
Do you want to know how to apply for this Maybank loan offer and the requirements that you must prepare? You may visit – Maybank Home Loan – How To Apply & Requirements To Prepare.
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