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My Family Home Loan

Brief Description

A straightforward housing loan facility that gives low fixed interest rates.

Features

Facility:

  • Term Loan

Purpose:

  • Purchase of:
    • House & Lot
    • Condominium Unit
    • Townhouse
    • Lot Only (for future construction of primary home)
    • Lot with house construction
  • House Construction
  • Refinancing
  • Refinancing of lot (for future construction of primary home)
  • House Renovation / Home Improvement
  • Personal Investment (purchase of another asset)
  • Personal Consumption (travel, medical expenses, etc.)
  • Working Capital
  • Business Investment / Expansion
  • Others

Loan Amount:

  • Minimum of PhP500,000 but not exceeding PhP50,000,000.

Processing Time:

  • 5 banking days

Term:

  • Up to 20 years

Interest Rate:

  • Prevailing Home Loan rate at time of availment

Interest Rate Fixing:

  • 1, 2, 3, 4 or 5 years fixing term

Repayment Plan:

  • Principal and interest payable in equal monthly amortizations until fully liquidated

Eligibility Criteria

  • Must be between 21 and 65 years old upon loan maturity
  • With a minimum gross monthly family income of PhP50,000
  • Must be Filipino citizens
  • Must have an office and residence landline or mobile number
  • Must have the following employment / business status and/or tenure:
    • for salaried individuals - permanent in status and with at least six (6) months tenure with present employer or two (2) combined work experience, including the most recent employer
    • for professionals - with more than or equal to three (3) years of practice in profession
    • for self-employed - with more than or equal to three (3) years in business operations

Note: Qualifications apply to both housing loan borrower and spouse/co-borrower.

  • Must be between 21 and 65 years old upon loan maturity
  • With a minimum gross monthly income of PhP50,000 for land-based loan applicants and PhP80,000 for sea-based loan applicants
  • Must be Filipino citizen
  • Must have an office and residence landline or mobile number
  • Must have at least three (3) years work experience as an OFW or seaman, and at least six (6) months employed in present company
  • Must have a locally assigned co-borrower

Note: Qualifications apply to both housing loan borrower and spouse/co-borrower.

Requirements

  • Completely filled out application form
  • Photocopy of one (1) valid ID of the principal borrower and co-borrower
  • Photocopy of Marriage Contract (if applicable)
  • Photocopy of Certificate of Employment
  • Photocopy of latest Income Tax Return / BIR Form 2316
  • Photocopy of TCT / CCT
  • Photocopy of lot plan / vicinity plan / subdivision plan
  • Photocopy of updated Tax Declaration, Real Estate Tax Receipts and Tax Clearance
  • Signed Authorization Letter
  • Payment of appraisal fee
  • Latest Statement of Account of creditor banks (for refinancing / take-out purpose)
  • For construction loan:
    • Building Plan
    • Bill of materials (estimates of construction and labor costs)
    • Building specification and / or scope of work

Notes:

  • Other documents and/or information may be required upon processing of the application for approval.
  • Appraisal fee shall be required to be paid by the mortgage loan applicant prior to the processing of loan application.
  • Acquisition of properties under accredited developers of the Bank does not require payment of appraisal fee.
  • For approved mortgage loan applications, attendant fees and charges such as but not limited to registration fees, notarial fees, DST, MRI, among others, shall be for the account of the borrower.
  • All applicable bank fees and charges should be paid directly to any of the branches of CTBC Bank.
  • Completely filled out application form
  • Photocopy of one (1) valid ID of the principal borrower and co-borrower
  • Photocopy of Marriage Contract (if applicable)
  • Photocopy of Business Registration papers (i.e. SEC Registration / Articles of Incorporation / By-Laws / GIS or DTI certificates)
  • Photocopy of latest six (6) months bank statement
  • Photocopy of latest three (3) years ITR
  • Photocopy of latest three (3) years Audited Financial Statements
  • List of major trade suppliers and customers with contact person and landline numbers (3 of each)
  • Photocopy of TCT / CCT
  • Photocopy of lot plan / vicinity plan / subdivision plan
  • Photocopy of updated Tax Declaration, Real Estate Tax Receipts and Tax Clearance
  • Signed Authorization Letter
  • Payment of appraisal fee
  • Latest Statement of Account of creditor banks (for refinancing / take-out purpose)
  • For construction loan:
    • Building Plan
    • Bill of materials (estimates of construction and labor costs)
    • Building specification and / or scope of work

Notes:

  • Other documents and/or information may be required upon processing of the application for approval.
  • Appraisal fee shall be required to be paid by the mortgage loan applicant prior to the processing of loan application.
  • Acquisition of properties under accredited developers of the Bank does not require payment of appraisal fee.
  • For approved mortgage loan applications, attendant fees and charges such as but not limited to registration fees, notarial fees, DST, MRI, among others, shall be for the account of the borrower.
  • All applicable bank fees and charges should be paid directly to any of the branches of CTBC Bank.
  • Completely filled out application form
  • Photocopy of one (1) valid ID of the principal borrower and co-borrower
  • Photocopy of Marriage Contract (if applicable)
  • Photocopy of Certificate of Employment (if applicable)
  • Photocopy of latest Income Tax Return / BIR Form 2316
  • Photocopy of latest six (6) months bank statement
  • Photocopy of TCT / CCT
  • Photocopy of lot plan / vicinity plan / subdivision plan
  • Photocopy of updated Tax Declaration, Real Estate Tax Receipts and Tax Clearance
  • Signed Authorization Letter
  • Payment of appraisal fee
  • Latest Statement of Account of creditor banks (for refinancing / take-out purpose)
  • For construction loan:
    • Building Plan
    • Bill of materials (estimates of construction and labor costs)
    • Building specification and / or scope of work

Notes:

  • Other documents and/or information may be required upon processing of the application for approval.
  • Appraisal fee shall be required to be paid by the mortgage loan applicant prior to the processing of loan application.
  • Acquisition of properties under accredited developers of the Bank does not require payment of appraisal fee.
  • For approved mortgage loan applications, attendant fees and charges such as but not limited to registration fees, notarial fees, DST, MRI, among others, shall be for the account of the borrower.
  • All applicable bank fees and charges should be paid directly to any of the branches of CTBC Bank.
  • Completely filled out application form
  • Photocopy of one (1) valid ID of the principal borrower and co-borrower
  • Photocopy of Marriage Contract (if applicable)
  • Photocopy of Certificate of Employment (land-based / Contract of Employment for sea-based)
  • Latest one (1) month payslip
  • Photocopy of valid passport with entry / exit stamp
  • Photocopy of latest three (3) months proof of remittance
  • Notarized / Consularized Special-Power-of-Attorney (SPA)
  • Photocopy of two (2) valid IDs of the Attorney-in-Fact
  • Photocopy of TCT / CCT
  • Photocopy of lot plan / vicinity plan / subdivision plan
  • Photocopy of updated Tax Declaration, Real Estate Tax Receipts and Tax Clearance
  • Signed Authorization Letter
  • Payment of appraisal fee
  • Latest Statement of Account of creditor banks (for refinancing / take-out purpose)
  • For construction loan:
    • Building Plan
    • Bill of materials (estimates of construction and labor costs)
    • Building specification and / or scope of work

Notes:

  • Other documents and/or information may be required upon processing of the application for approval.
  • Appraisal fee shall be required to be paid by the mortgage loan applicant prior to the processing of loan application.
  • Acquisition of properties under accredited developers of the Bank does not require payment of appraisal fee.
  • For approved mortgage loan applications, attendant fees and charges such as but not limited to registration fees, notarial fees, DST, MRI, among others, shall be for the account of the borrower.
  • All applicable bank fees and charges should be paid directly to any of the branches of CTBC Bank.