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HOUSING LOAN

Housing Loan

A loan for acquisition, construction and renovation of house and lot.

Eligibile Borrowers

Individuals at least 18 years old up to 65 years old with regular source of repayment

Loan Purpose

Acquisition of house and lot ; Acquisition of residential lot ; House construction or major renovation

Amount of Loan

Loan Limit secured by the acquired property:
Real Estate Property (Titled) – 60% of the appraised value
Real Estate Property (Tax Dec) – 50% of the appraised value
Improvement – 60% of the appraised value

Offers Competitive Interest Rate

Flexible Terms and Mode of Payment

Basic Requirements:

  • 2 Valid ID’s of Applicant/s
  • Latest Residence Certificate of Applicant/s
  • Latest ID Picture of Applicant/s (2×2) 2 pcs.
  • Latest Income Tax Return (if any) / T.I. Nos. of Borrowers
  • Proof of Billing
  • Bank’s Statement (if applicable)
If Applicant is Employed:
•  Latest Certificate of Employment or
•  In lieu of COE, duly signed employment validation
•  Latest 3 months Payslip
•  Employment Contract (if applicable)


If Applicant is a Proprietor:

•  Business Permit (Barangay Business Permit, SEC Registration, DTI Permit, Mayor’s Permit)

•  Latest General Information Sheet

•  Articles of Incorporation or Partnership

•  Board Resolution Authorizing the Loan

•  3 years Latest Audited Financial Statement (AFS)

•  Proof of Business Transaction (if applicable)

•  2 Valid ID’s of Authorized Signatories/Representative (Applicant)


Additional Requirements if secured with REM:

•  Title/Tax Declaration

•  Special Power of Attorney (if applicable)

•  Pictures of Collateral

•  Certified True Copy of OCT / TCT

•  Tax Declaration (land/bldg)

•  Tax Receipt (RETR – land/bldg)

•  Location / Sketch Plan


Additional Requirements if secured with CHM:

•  Official Receipt (OR) / Certificate of Registration (CR)

•  Special Power of Attorney (if applicable)

•  Stencil of the Vehicle

•  Pictures of Vehicle (offered collateral)

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Head Office Address:

J. M. Kalaw Street, Poblacion 5, Lipa City, Batangas 4217


Email:

kapartner@mcrbi.com.ph

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