Maybank Loan Requirements
Click for Application Form
Product Features
- Loan Purpose
- Purchase of House and Lot
- Purchase of Lot
- Purchase of Residential Condominium
- Purchase of Townhouse
- House Construction / Renovation
- Refinancing
Loan Value
- 80% of Maybank Appraised Value for House and Lot
- 80% of Maybank Appraised Value for Residential Condominium
- 60% of Maybank Appraised Value for Residential Vacant Lot
Prevailing Interest Rates:
- Fixed 1 year – 6.00%p.a. ; subject to annual repricing thereafter
- Fixed 3 years – 6.00%p.a.; subject to annual repricing thereafter
- Fixed 5 years – 7.88%p.a.; subject to annual repricing thereafter
Term
- House and Lot – Maximum of 20 years
- Townhouse – Maximum of 20 years
- Residential Condominium – Maximum of 20 years
- Home Construction or Renovation – Maximum of 20 years
- Residential Vacant Lot – Maximum of 10 years
- For OFW Borrowers – Maximum of 10 years
Repayment
- Equal monthly amortizations(principal and interest) to commence one (1) month from release date.
Basic Credit Parameters / Criteria for Borrowers
- Age Requirement: 25 to 65 years old upon loan maturity
- No adverse Credit Finding (i.e. Credit Cards, Court cases, Bank Acct. Handing, etc.)
- If with Business / self-employed – must be existing for 5yrs and profitably operating for the past 3 years
- If locally employed – must be regular in status Minimum combined monthly income (both spouses / co-borrowers) – P40K
Loan Requirements
For Employed Applicants: Atleast gainfully employed for 2 years
- Latest Income Tax Return
- Certificate of Employment, indicating the applicant’s position, tenure and monthly or annual salary
- Latest 3 months payslips
For Self Employed: Profitably operating for the past 3 years
- Business Registration papers (sole proprietorship and SEC for corporations)
- Latest 2 years ITR
- Latest 2 years Audited and Inhouse Financial Statements
- Latest 6 months bank statements
- List of Suppliers and customers with contact information (At least 3 )
- Company Profile/ Business Background
For Professionals:
- Professional Regulation Commission License
- Latest 2 years ITR
- Latest 2 years Audited and Inhouse Financial Statements
- Latest 3 months bank statements
- List of Suppliers and customers with contact information (At least 3 )
For Overseas Contract Workers (whichever is applicable for your current status at work)
- Certificate of Employment stating position, years of service, basic salary & fix allowance
- Latest ITR
- Latest 3 months payslipss
- Proof of Remittances (at least 3 months)
- POEA contract (if applicable)
- Latest 3 months bank statements
- Working Visa/ Greencard holder/ Immigrant Visa (Originals of photocopied documents should be presented)
Collateral Requirements
If House and Lot:
- Photocopy of Transfer Certificate of Title (TCT)
- Tax Declaration (Lot and Improvement)
- Lot Plan with Vicinity Map
If Condominium:
- Condominium Certificate of Title (photocopy)
- Master Deed of Declaration and Restriction
- Floor Plan
- Tax Declaration
Additional Requirements for House Renovation
- Building plans and specifications
- Bill of materials/cost estimate
- Building Permit