Guide on PhilTrust Bank Loan Requirements — FULL LIST
PHILTRUST BANK LOAN REQUIREMENTS – Here are the documents that an individual must submit to apply for the loan offer.
Are you one of the people who want to venture the business field? Or you might be one of those who are already in the field but has yet to expand their business to a different level. Actually, you don’t have to wait for years to see your business being stretched to be more successful.
In the Philippines, there are banks that provide business loans and these offers can help you finance the expansion of your business and the boosting of the operations. Truth be told that such moves may requires thousands or millions of money — but a progressive business can also multiple the money spent on it several folds.
One of the entities in the country that you may turn to for a business loan is the Philippine Trust Company or more popularly called PhilTrust Bank. Its business loan offer is open for both individual and corporate applications.
The PhilTrust Bank loan requirements for application depends whether you are applying as an individual or as a corporation. There are documents required for appraisal of the loan application, for the appraisal of the real estate collateral, and for the registration of mortgage.
For appraisal
- duly-accomplished PhilTrust Bank Loan Application Form
- Customer Information Sheet
- two (2) valid IDs bearing photo and issued by the Philippine Authority
- Certificate of Employment with Compensation
- Latest Income Tax Return (ITR)
- DTI Registration for Single Proprietorship
- Latest Audited Financial Statement
- Statement of Assets and Liabilities
Real Estate Collateral (For appraisal)
- Transfer Certificate of Title (Photocopy)
- Location Plan
- New Tax Declaration of Land and Improvement/s
- Updated Real Estate Tax Receipt
- Authorization for Verification of Title with the Registry of Deed
- Authorization for Research of Tax Mapping and Site Location
- Appraisal Fee
For Registration of Mortgage
- Owner’s Duplicate Transfer Certificate of Title
- Original Tax Clearance of Land and Improvement/s
- Original and Certified True Copy of Tax Declaration of Land and Improvement/s
- Photocopy of Taxpayer Identification Number (TIN)
- Insurance coverage/policies on the improvement endorsed to PhilTrust Bank and the current year’s official receipt of premium payment