Qualifications
lancaster new city
4 TOP REASONS WHY BUY A HOME AT PROFRIENDS
• NO Payslips. Payslips are no longer a requirement.
• Certification of Employment is NOT needed.
• Specific salary bracket is not a requirement. You can purchase any of these properties without being bothered if your salary is within its reach
• High loan availment
WHO CAN TO APPLY FOR A BANK LOAN?
• Filipino citizens can apply for a loan in the bank
• Citizens of another country that have already obtained a Dual Citizenship status
WHAT ARE THE QUALIFICATION TO APPLY FOR A BANK HOME LOAN?
• Must be a Filipino or Dual Citizen
• 18 – 50 years old.
• Must be working for at least 2 years in the company
• Have a stable, regular source of income. Income of spouse and children can also be considered.
• No problem with maritalstatus
• Not separated from spouse; If separated, must present separation papers.
• No legal cases pending
• Credit cards are not cancelled or inamnesty
• No unpaid loan
WHAT ARE THE QUALIFICATION TO APPLY FOR INHOUSE FINANCING
• Must be Filipino citizen.
• Must be 18 yrs. – 50 yrs.
• If not working, must have Affidavit of Support (Present an Affidavit of support if not working)
ELIGIBLE AGE OF BORROWER
• At least 18 yrs old for UCPB Bank
• At least 21 yrs old for Metrobank
• Buyer must not be over 60 yrs old when loan matures. (When loan reaches maturity, buyer must not be over 60 years old at that time)
WHAT IS THE MAXIMUM TERM OF BANK LOAN
For Metrobank
• Locally Employed: 25 yrs..
• OFW: 15 yrs
For BDO/UCPB
• Locally Employed: 20 yrs.
• OFW: 20 yrs.
MODE OF PAYMENT
Postdated Checks or Automatic Debit Arrangement from Bank account