Financing Schemes and Requirements

Spotcash

Payable within the month of Reservation or maximum of 30 days from Reservation date.

Deferred Financing

Payable within 24 months from Reservation date.

Bank Financing

  • 20% Downpayment
  • 80% Loanable amount / Payable through accredited banks
    • Asia United Bank
    • Banco De Oro
    • Bank of Commerce
    • BPI (Selected Projects)
    • Chinabank Savings
    • Mayan – Malayan Bank
    • Philippine National bank
    • RCBC
    • United Coconut Planters Bank
    • Unionbank

In-House Financing

  • 20% Downpayment
  • 80% Balance at 19% per annum

 

Requirements

Standard Documents

  • Two (2) Government-Issued Identification Cards
  • Photocopy of Marriage Certificate / Birth Certificate
  • Community Tax Certificate (applicant / spouse / co-borrower)
  • Two (2) pcs. 2 x 2 Pictures (applicant / spouse / co-borrower)
  • Proof of Billing Address
  • Post-date Checks(PDCs)

Income Documents

For Locally Employed

  • Photocopy of Latest Income Tax Return (ITR)
  • Original Certificate of Employment and Compensation
  • Pay slips for the last three (3) months
  • Bank Statements for the last three (3) months
  • Vouchers for the last six (6) months (commissions)

For Self Employed

  • Photocopy of Business Registration (DTI/SEC)
  • Mayor’s Permit
  • ITR for the last two (2) years
  • Original Audited Financial Statements for the last two (2) years
  • Franchise/OR/CR (for taxi/jeepney/bus operators)
  • Bank Statements for the last three (3) months
  • Picture of Business Establishment
  • List of Clients and Suppliers with contact numbers
  • Company Profile (if applicable)
  • Leasing Contract (if applicable)
  • Secretary’s Certificate/Board Resolution (for Corporation)
  • Articles of Incorporation (for Corporation)

For Overseas Filipino Workers

  • Original Certificate of Employment and Compensation
  • Photocopy of Contract of Employment
  • Photocopy of Passport (w/entries)
  • Photocopy of Seaman’s Book
  • Proof of remittances for the last six (6) months
  • Pay slips for the last three (3) months
  • Special Power of Attorney (w/ Consular seal if notarized abroad)