Car and housing loan

sir may house nd lot ako binbayran ngaun...finish ko n equity this end of june..i plan to pay da rest through pagibig..mga 1.6m yun sir..pde b hingi ng sample computation nyo sir max years n available for 1.6m..magkano n per month nun..kc dame requiremnts pgibig eh..ang love nga nman..hehe..e2 pla email ko sir asb_cdt@yahoo.com...maraming thank you sir...

Checklist of Requirements

Pre-processing Requirements

A. Borrower Information

• Duly accomplished application form
• 2 valid identification cards

B. Income Documents

If locally employed

• Certificate of Employment (COE) indicating salary, position & length of service
• Income Tax Return (ITR) for the last 2 years or W2

If Expat Pinoy (Overseas Filipino Worker)

• Certificate of Employment duly authenticated by the Philippine Consulate
• Crew Contract & Exit Pass from POEA (for seafarers)
• Proof of monthly remittances
• Notarized or authenticated Special Power of Attorney (BPIFSB format)

If Self-Employed

• Articles of Incorporation/By-laws/SEC Registration
• Audited Financial Statements for the last 2 years
• Department of Trade & Industry (DTI) Registration
• ITR with Statement of Assets & Liabilities (SAL) for the past 2 years
• Bank statements for the last 6 months
• List of Trade References (at least 3 names with contact nos. of major suppliers/customers)

If Practicing Doctor

• Clinic address/es and schedules

If from Commission

• Vouchers or bank statements (for the last 6 months reflecting commission income)

If from Rental of Properties

• Rental/Lease contracts (indicating name of tenants & rental amounts with complete addresses of properties being rented)
• Photocopy of Transfer Certificate of Title (TCT) &/or Condominium Certificate of Title (CCT)

C. Collateral Documents

• Clear copy of owner's duplicate of TCT/CCT
• Lot/Vicinity map certified by geodetic engineer
• Photocopy of tax declaration/tax receipts/tax clearance
• Endorsement letter/computation sheet/contract to sell from developer stating the contract price (for accredited developer project)

For Construction Loan

• Complete set of building plan
• Bill of materials/specification/cost estimates
• Building permit

Refinancing of Loan

• Statement of account from mortgage lender
• Proof of payment for the last 6 months

D. Fees

Non-refundable appraisal fee of P3,000

Post Approval Requirements

• Original owner's copy of TCT/CCT
•
Certified true copy of the latest Realty Tax Declaration on land and improvements under the name of the borrower/mortgagor
• Original copy of latest Real Estate Tax Clearance
• Health Declaration form (supplied) for MRI enrollment with Ayala Life
• Medical examination with Ayala Life, if applicable
• Fire/Lightning/Earthquake insurance coverage through BPI-MS, if applicable
• Opening of deposit account with any BPI or BPI Family Savings Bank
• For Corporate borrowers, Board Resolution/Secretary's Certificate (form supplied), if applicable
• Four copies of Special Power of Attorney, if applicable

Fees

• Mortgage Registration Fees
• Mortgage Redemption Insurance Premium
• Fire/Lightning/Earthquake Insurance Premium






HOUSING LOAN


Tenor Interest Rates


1 year 9.5%


2-3 years 9.75%


4 years 10%


5 years 10.25%


6-10 years 11%


11-15 years 11.25%


16-20 years 11.50%



SAMPLE COMPUTATION:


LOANABLE AMOUNT: PHP1,000,000.00

LESS EQUITY: 300,000.00

INTEREST RATE: 11%

TERM: 10 YEARS

MONTHLY PAYMENT: (700,000.00*.11*10)+700,000.00/120

=PHP12,250.00

abebuenaobra_05 wrote:sir may house nd lot ako binbayran ngaun...finish ko n equity this end of june..i plan to pay da rest through pagibig..mga 1.6m yun sir..pde b hingi ng sample computation nyo sir max years n available for 1.6m..magkano n per month nun..kc dame requiremnts pgibig eh..ang love nga nman..hehe..e2 pla email ko sir asb_cdt@yahoo.com...maraming thank you sir...

abe disregard mo email ko syo na post ko na dito ung tama.. mali kasi ung computation nun eh.. thanks!

sir psali nman s usapan..sir pwede bang magloan ng pra s lupa jan??if pwede sir gano kalaki ung maximum n pwedeng idaan thru loan jan??ano ungmga limitations at requirements s lot n pwedeng idaan thru loan jan??slamat sir..

sir thnx email ako sir in case my ad question. salamat uli

pulgan05 wrote:sir psali nman s usapan..sir pwede bang magloan ng pra s lupa jan??if pwede sir gano kalaki ung maximum n pwedeng idaan thru loan jan??ano ungmga limitations at requirements s lot n pwedeng idaan thru loan jan??slamat sir..

pwede, iaapraise ng bank ang value ng lot, at 80 percent of that will be ur loanable amount... requirements naka post na..

80% lang???hmnn...kelangan b sir may acct kmi s BPI bago kmi mkpagloan??den ahmnn..ibig bang sabihin sir eh unlimited ung size ng lot...say for example sir ha..ahmnn..1.5 hectars of land n mixed agricultural at residential lot..okay lng din b un sir??kc s pagibig pagkkaalam ko maximum 1000sqm lng cla at kelangan residential ung lot...jan s inu sir??