Business Tips Philippines: Business Owners and Entrepreneurs’ Guide

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Maybank Home Loan

Interest Rate
-%
Monthly Repayment
₱-
1. I want to borrow
₱
2. For how long
year
3. Fixed Term
Terms & Conditions
  • Minimum Age: 21 - 65 years old
  • Loan Tenure: up to 20 years
  • Margin of Finance: up to 80%
  • Suitable for: Purchase of House, Lot / Condominium, House Construction, Purchase of Lot, Refinancing, House Renovation / Expansion, Reimbursement.
HSBC Housing Loan Highlights

How Much Can I Borrow With A Maybank MaxiHome Loan?

  • Minimum of P800,000
  • Maximum of 80% of the appraised value of the property

Am I Eligible for a Maybank MaxiHome Loan?

Yes, if you are:

  • 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.

What Documents Will I Need to Prepare?

If you have applied for a Maybank MaxiHome Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

Basic requirements (for both spouses)

  • Housing loan application form (completely filled out)
  • Valid IDs and recent photo of spouses
  • Marriage Certificate (if married) and Death Certificate (if widowed)

If locally employed

  • Certificate of Employment for both spouses
  • Income Tax Return (for the last 2 years)

If employed overseas

  • Contract of Employment / Employment Certificate
  • History of Employment / Latest Crew Contact (if applicant is a Seafarer)
  • Special Power of Attorney (using Maybank’s format)
  • Latest 6 months bank statements/proof of remittance
  • Latest ITR (if applicable)

If self-employed

  • Business Registration/Permits
  • Financial Statements (last 2 years In-house and Audited)
  • Company profile/business background or List of Major Suppliers and Customers with contact details (at least 5)
  • Income Tax Return (last 2 years)
  • Latest 6 months Bank Statements/Passbook
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