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RENOVATION
AND HOME IMPROVEMENT LOAN
A loan facility extended to qualified individuals for the purpose of renovation, improvement and expansion of residential property.
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Minimum loan amount of P 300,000.
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Financing of up to 100% of the renovation cost
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Interest at prevailing market rate.
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Maximum term of 15 years.
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Worry-free amortization:
Make payments only after the work is done.
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FREE 1-year fire insurance coverage*.
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Additional loan of 10% above the loan amount to purchase appliances, furniture, and fixers
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Big discounts on Dutchboy paints, Lepanto tiles and bathroom fixtures.
To apply, contact the branch nearest YOU!
*up to a maximum of P 2M of the renovation cost
APPLICATION REQUIREMENTS
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Information on Personal Data and Income
a) Properly accomplished:
- Loan application form with ID of all borrowers / signatories
- Additional information sheet
- Letter of authorization
- Statement of Assets and Liabilities
- Statement of Monthly Income
b) If employed :
- Borrower's Income Tax Return (ITR) for the last three (3) years
- Certificate of Employment and Salary
- Payslip for the last three (3) months
c) If self-employed :
- ITR and Audited/In-House Financial Statement for the last three (3) years
- Cerificate of Business Registration (SEC/DTI)
- Articles of Incorporation and By-Laws
- List of major suppliers and customers(Indicate tel. no. and contact person)
d) Additional Requirements :
- Marriage Contract
- Bank Statements / passbooks for the last three (3) months
- Titles to properties owned but not offered as collateral
- Lease contracts or income-generating properties
- OR / CR of vehicles owned
- Stock certificates
Information on Collateral Property
a) TCT / CCT
b) Certified lot plan and location / vicinity map
c) Building plans and specifications / Bill of materials (for construction/renovation purposes)
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