Guide on Maybank Home Refinancing Loan Qualifications
MAYBANK HOME REFINANCING LOAN – Here is a guide on who are qualified to apply for this Maybank Home Loan offer.
Do you have a residential property and you are in need of some cash right now? You can have it refinanced by the bank. There are some banks that have refinancing offers.
Maybank is one of the banks in the Philippines with the said offer. Its Home Loan offer serves several purposes including the following:
- financing of home acquisition
- refinancing
- financing of home construction
- home equity
With regards to Maybank Home Refinancing Loan, like in other loans, the bank has set eligibility requirements in applying for it. To be qualified, the following qualifications are observed:
- Your age plus the term of the loan should not be more than 65 years old once the loan matures.
- You should be gainfully employed with a reputable company for at least 2 years; or
- You should own your own business that’s been operational for at least 3 years and it’s been making a profit in the last 2 years.
- If you are a foreigner you can still apply for a MaxiHome Loan but only if the property is a condominium, and you’ll need to provide proof of residency and employment here in the Philippines
- For overseas workers you should have a contract of employment for 2 years and the nature of the work that you do should fall under the category of Professional and Technical jobs.
- If you are a seafarer you should be at least officer level and you should have been serving for at least 2 continuous years.
- An attorney-in-fact is required for overseas workers or seafarer applicants.
To apply, there are requirements that you must gather and submit to the bank. To check on the documents that you must prepare, feel free to visit – Requirements for Maybank Home Loan Refinancing Application.
Thank you for visiting our website. We hope we have helped you with regards to this Maybank offer. You may keep coming back for more informative guides.
READ ALSO: MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For