How Much Can I Borrow With A Chinabank Housing Loan?
- Minimum of P500,000
- Maximum of P25,000,000
- Maximum of 80% of appraised value of property
Am I Eligible for a Chinabank Home Loan?
Yes, if you are:
- Filipino Individuals or Foreigners with 3 years residency in the Philippines (foreigners qualify if loan purpose is acquisition of a Condominium Unit)
- Residential real estate property for collateral
- Gross monthly family income of at least ?30,000
- If employed, must have a tenure of at least 2 years
- If engaged in business, must be operating profitably for the last 2 years
- Age of borrower from 21 years and not to exceed 65 years at the time of loan maturity
What Documents Will I Need to Prepare?
If you have applied for a Chinabank Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:
If locally employed
- At least 2 Valid ID’s
- Marriage Contract (if applicable)
- Community Tax Certificate (current year)
- Biodata/Resume
- Deposit Statements of Accounts (last 6 months)
- Latest Income Tax Returns
- Certificate of Employment stating length of service and monthly compensation package
If self-employed
- At least 2 Valid ID’s
- Marriage Contract (if applicable)
- Community Tax Certificate (current year)
- Biodata/Resume
- Deposit Statements of Accounts (last 6 months)
- Latest Income Tax Returns
- Audited Financial Statements (2 years)
- Certificate of Registration of Business Name
- Business Profile
- Complete list of suppliers and clients with contact person and number