Eligibility

• At least 21 years old, but not more than 65 years old upon loan maturity
• Earning a combined monthly income of PHP50,000
• Has been continuously employed for at least 2 years
• For the self-employed, must be operating a legitimate and profitable business for the last 3 years

B. Self-employed borrowers

• Completely filled out and signed application form
• Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/ co-borrower/signatories of the loan
• Income Tax Return (1701 for sole proprietary owner; or 1702 for Corporation)
• Any ONE of the following income documents:
  > Audited Financial Statements (latest 1 year)
  > Bank statements (latest 3 months)
  > Lease/Rental Contracts

Note: For licensed Real Estate brokers and licensed Insurance brokers, kindly submit latest 12 months proof of income to credit commission-based income

• Relevant collateral documents (section E)

D. Collateral document requirements 

• Copy of collateral title (TCT/CTC)
• Copy of Tax Declaration on land and/or improvement
• Appraisal Fee paid to SBC: OR Number ______________

Acquisition from accredited developer

• Contract to Sell; or Reservation Agreement

Home construction or renovation

• Bill of Materials and Estimates of Construction and Labor Cost
• Floor and Building Plan and Building Specifications

Loan take-out / Refinancing

• Proof of amortization payments for the last 3 months
• Statement of Account from Mortgagee Bank
• TCT/CCT under borrower’s name with annotation of mortgaged.