PHILIPPINES CHINA TRUST BANK CORPORATION (CTBC)

My Family Home Loan

• A straightforward housing loan facility that gives low fixed interest rates.

Features

• Facility: Term Loan
• Purpose:
• Purchase of:

1. House & Lot
2. Condominium Unit
3. Town house
4. Lot Only (for future construction of primary home)
5. Lot with house construction

• House Construction
• Refinancing
• Refinancing of lot (for future construction of primary home)
• House Renovation / Home Improvement
• Personal Investment (purchase of another asset)
• Personal Consumption (travel, medical expenses, etc.)
• Working Capital
• Business Investment / Expansion

Others

• Loan Amount: Minimum of PhP500, 000. but not exceeding PhP25,000,000.
• Processing Time: 7 banking days
• Term: Up to 20 years
• Interest Rate: Prevailing Home Loan rate at time of availment
• Interest Rate Fixing: 1, 2, 3, 4 or 5 years fixing term
• Repayment Plan: Principal and interest payable in equal monthly amortizations until fully liquidated

Eligibility Criteria

• Salaried Individuals, Professionals or Self-Employed who:
• are between 21 and 65 years old upon loan maturity
• Are earning a minimum gross monthly family income of PhP50, 000.
• are Filipino citizens
• must have an office and residence landline or mobile number
• must have the following employment / business status and/or tenure:

1. for salaried individuals – permanent in status and with more than or equal to one (1) year tenure with present employer or three (3) years combined work experience including the most recent employer
2. for professionals – with more than or equal to three (3) years of practice in profession
3. for self-employed – with more than or equal to three (3) years in business operations

NB: Qualifications apply to both housing loan borrower and spouse/co-borrower

Requirements

For Salaried Individuals

1. Duly filled-out and signed application form
2. Payment of appraisal fee
3. Photocopy of two (2) valid IDs each from the principal borrower and co-borrower
4. Photocopy of Marriage Contract (if applicable)
5. Photocopy of TCT / CCT
6. Photocopy of lot plan / vicinity plan / subdivision plan
7. Photocopy of updated Tax Declaration, Real Estate Tax Receipts and Tax Clearance
8. Photocopy of Certificate of Employment
9. Photocopy of latest two (2) months’ pay slips
10. Photocopy of latest Income Tax Return / BIR Form 2316
11. Authority to Inspect Form (for condominium)
12. Latest Statement of Account of creditor banks (for refinancing / take-out purpose)

For construction loan:

• Building Plan
• Bill of materials (estimates of construction and labor costs)
• Building specification and / or scope of work

For Professionals and Self-Employed

1. Duly filled-out and signed application form
2. Payment of appraisal fee
3. Photocopy of two (2) valid IDs each from the principal borrower and co-borrower
4. Photocopy of Marriage Contract (if applicable)
5. Photocopy of TCT / CCT
6. Photocopy of lot plan / vicinity plan / subdivision plan
7. Photocopy of updated Tax Declaration, Real Estate Tax Receipts and Tax Clearance
8. Photocopy of Business Registration papers (i.e. SEC Registration / Articles of Incorporation / By-laws / GIS or DTI certificates)
9. Mayor’s Permit / Business Permit
10. Photocopy of latest six (6) months bank statements
11. Photocopy of Audited Financial Statements (for the last 3 years)
12. Photocopy of Income Tax Return for the last three (3) years
13. List of major trade suppliers and customers with contact person and landline numbers (3 of each)
14. Authority to Inspect Form (for condominium)
15. Latest Statement of Account of creditor banks (for refinancing / take-out purpose)

For construction loan:

• Building Plan
• Bill of materials (estimates of construction and labor costs)
• Building specification and / or scope of work