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(I) REQUIREMENTS FOR BDO (BANCO DE ORO) LOAN APPLICANTS
(A) FOR EMPLOYED APPLICANTS:
- Fully filled-up Buyer’s Information Sheet
- Proof of Payment of Reservation Fee
- SPA (Special Power of Attorney), if applicable
- Photocopy of valid IDs with picture and signature
- Photocopy of the Title
- Details of property being purchased (Seller-contact details / selling price) or Contract To Sell
- Signed Reservation Agreement (If married, signed by spouse)
- If employed, Certificate of Employment and Compensation
- Copy of one month latest payslip or remittance
- BIR (Bureau of Internal Revenue) Tin Number application
- Tax Declaration / Receipts / Clearance
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(B) FOR OVERSEAS FILIPINO WORKERS (BALIKBAYAN) APPLICANTS:
- BDO (Banco De Oro) Housing Loan Application
- General Filipinas Form for MRI (Mortgage Redemption Insurance)
- SPA (Special Power of Attorney), if applicable
- Copy of valid IDs
- Copy of Marriage Contract, if applicable
- Photocopy of the Title
- Details of property being purchased (Seller-contact details / selling price) or Contract To Sell
- Reservation Agreement and Statement of Account
- Certificate of Employment and Compensation or Contract
- Copy of last two months payslips or proof of remittance for the past three months
- Tax Declaration / Receipts / Clearance
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(C) FOR SELF-EMPLOYED APPLICANTS:
- BDO (Banco De Oro) Housing Loan Application
- General Filipinas Form for MRI (Mortgage Redemption Insurance)
- SPA (Special Power of Attorney), if applicable
- Copy of valid IDs
- Copy of Marriage Contract, if applicable
- Photocopy of the Title
- Details of property being purchased (Seller-contact details / selling price) or Contract To Sell
- Reservation Agreement and Statement of Account
- Copy of Business Registration papers (DTI or Certificate of Registration / Articles of Incorporation / By-laws)
- Copy of latest two years ITR (Income Tax Return) and Audited Financial Statements
- Copy of last six months bank statements
- List of suppliers, customers and personal references (3 each) with contact persons and details
- Tax Declaration / Receipts / Clearance
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ESTIMATED PROCESSING TIME:
APPROVAL: SEVEN ( 7 ) WORKING DAYS FROM SUBMISSION OF COMPLETE DOCUMENTS.
DOCUMENTATION AND LOAN SIGNING: FOUR ( 4 ) WORKING DAYS FROM DATE OF APPROVAL.
RELEASE OF LETTER OF GUARANTEE TO DEVELOPER: UPON SIGNING OF LOAN DOCS, PAYMENT OF BANK CHARGES, FAVORABLE TITLE VERIFICATION REPORT AND SUBMISSION OF NOTARIZED, CONSULARIZED SPA, IF APPLICABLE.
ANNOTATION AND RELEASE OF LOAN PROCEEDS:
FIVE TO SEVEN ( 5-7 ) WORKING DAYS FROM SUBMISSION OF OROGINAL AND COMPLETE DOCUMENTS AS STATED IN THE BANK’S LETTER OF GUARANTEE.
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(lI) REQUIREMENTS FOR PROPERTIES THRU PAG-IBIG LOAN
(A) FOR EMPLOYED APPLICANTS:
- Fully filled-up Buyer’s Information Sheet
- Proof of Payment of Reservation Fee
- Copy of one month latest payslip or remittance
- Acknowledgement for MSVS Counselling / Approved MSVS (Membership Status Verification Slip)
- Three pcs 1 x 1 ID pictures, if married, two pcs 1 x 1 ID pictures of spouse
- Marriage Contract / Birth Certificate
- Three months Proof of Billing Statement (i.e.: credit cards, telephone, water/meralco/insurance) with proof of payment
- Photocopy of Company ID with picture and signature. Passport / Driver’s License
- Signed Reservation Agreement (If married, signed by spouse)
- Photocopy of Certificate of Employment and Compensation (itemized). Later submit Original Certificate of Employment and Compensation (notarized and itemized) of Borrower and Co-borrower
- Bank Statement – latest six months transaction - if any
- Updated Employee Statement of Accumulated Value (ESAV) / POP (Pag-IBIG Overseas Program) Passbook (at least 24 months)
- Income Tax Return (latest) with W2
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(B) FOR OVERSEAS FILIPINO WORKERS (BALIKBAYAN) APPLICANTS:
- Fully filled-up Buyer’s Information Sheet
- Proof of Payment of Reservation Fee
- Copy of one month latest payslip or remittance
- Acknowledgement for MSVS Counselling / Approved MSVS (Membership Status Verification Slip)
- Three pcs 1 x 1 ID pictures, if married, two pcs 1 x 1 ID pictures of spouse
- Marriage Contract / Birth Certificate
- Photocopy of valid passport with signature (include pages of arrival and departure)
- Three months Proof of Billing Statement (credit cards, telephone, water/meralco/insurance)
- Signed Reservation Agreement (If married, signed by spouse)
- Valid Job Contract / Employment Certificate / Certificate of next deployment or embarkment for
- Fax / Photocopy of Special Power of Attorney (Notarized or Consularized) if necessary
- Valid ID of Atty-in-fact with picture and signature-if necessary
- Bank Statement – latest six months transaction - if any
- Tax Declaration / Receipts / Clearance
- Updated Employee Statement of Accumulated Value (ESAV) / POP (Pag-IBIG Overseas Program) Passbook (at least 24 months)
- Tin Number Application
- Original Valid Cedula
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