Guide on ML Home Loan 2023 Application Process
ML HOME LOAN 2023 – You can check the guide below on how to apply for the M Lhuillier offer and the requirements in applying.
Are you in need of cash? If you are a residential property owner, may it be a vacant residential lot, a house and lot, a townhouse, a condominium unit, or another property, you can actually use your property as the collateral in applying for a loan.
In the Philippines, one of the entities that you may turn to for home loan offers is M Lhuillier. It is most popular for its money transfer service, specifically for the affordable M Lhuillier money transfer rates this 2023. However, what many people don’t know is that it has a lot of loan offers, too.
One of the offers of M Lhuillier is the ML Home Loan. It is open for locally-employed individuals, self-employed individuals, overseas Filipino workers (OFWs), and pensioners with proof of income or remittance.
To apply for the loan offer, here are the documents needed for application to the ML Home Loan:
- Tax Declaration for Land & Building
- Original TCT or CCT
- Original Tax Clearance
- Sketch Plan
- Certified true copy of Title
- Endorsed insurance policy, in favor to M Lhuillier
With regards to the loanable amounts under the ML Home Loan, according to M Lhuillier, the maximum amount that you may borrow depends on the type of property that is used as the collateral.
If the property is a vacant lot, the maximum loan amount is up to 50% of the appraised value of the property. If it is a residential home and lot or a commercial building and lot, the maximum loanable amount is up to 60% of the appraised value of the property.
The interest rate ranges from 2.0% per month to 2.5% per month. The loan can be repaid to M Lhuillier for 12 months up to 60 months. You can apply for it online via the website of the lender.
