Security Bank Loan Requirements
Eligibility
- At least 21 years old, but not more than 65 years old upon loan maturity
- Earning minimum monthly income of Php 30,000
- Has been continously employed for at least 2 years
- For the self-employed, must be operating a legitimate and profitable business for the last 3 years
HOME LOAN DOCUMENT REQUIREMENT CHECKLIST
A. REQUIREMENTS FOR LOCALLY-EMPLOYED BORROWERS
- Completely filled out and signed application form
- Clear copy of marriage contract (if married)
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/signatories of the loan
- Certificate of Employment with Compensation (issued within the last 6 months)
- Latest Income Tax Return OR Latest 3 months payslips
- Copy of utility billing (not more than 3 months old)
B. REQUIREMENTS FOR SELF-EMPLOYED BORROWERS / PRACTICING PROFESSIONALS
- Completely filled out and signed application form
- Clear copy of marriage contract (if married)
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/signatories of the loan
- Bank Statements (latest 6 months)
- Income Tax Return (1701 for sole proprietary owner; or 1702 for Corporation) with Audited Financial Statements for the past 3 years
- Certificate of Business Registration with DTI (sole proprietorship)
C. REQUIREMENTS FOR CORPORATE BORROWERS
- Completely filled out and signed application form
- Company profile: background, owners, key officers
- SEC Registration and General Information Sheet
- Bank Statements (latest 6 months)
- Income Tax Return (1702 for Corporation) with Audited Financial Statements for the past 3 years
- Suppliers contact info (with average monthly transactions)
- Customer’s contact info (with average monthly transactions)
- Authorization letter (for bank, business and trade checkings)
E. REQUIREMENTS FOR OFW BORROWERS
- Completely filled out and signed application form
- Clear copy of marriage contract (if married)
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/signatories of the loan
- Certificate of Employment with compensation (issued within the last 6 months); OR Latest Crew Contract (for seafarer/seaman); OR
- Employment Contract (for land-based OFWs) duly authenticated by
- Philippine Consulate or POEA (for nurse and other contract workers)
- Latest 3 months payslip; OR bank statement for past 3 months
F. COLLATERAL DOCUMENT REQUIREMENTS
- Copy of collateral title (TCT/CTC)
- Lot Plan and Vicinity/Location Map
- Tax Declaration on land and/or improvement
- Signed Authority to Inspect and verify (bank form)
- Appraisal Fee: OR Number ______________________________
- Acquisition from Accredited Developer
- Contract to Sell; or Reservation Agreement
Home Construction or Renovation:
- Bill of Materials and Estimates of Construction and Labor Cost
- Floor and Building Plan and Building Specifications
- Loan Take-out / Home Equity
- Proof of amortization for the last 3 months
- Statement of Account from Mortgagee Bank