Thursday, July 12, 2012

LOAN GUIDELINES

LOAN GUIDELINES
(Applicable to all loan products)
Ø  Must be a Filipino Citizen
Ø  21 – 59 years old upon loan maturity
Ø  Must have steady source of income
Ø  Must have landline or cellphone number

DOCUMENTARY REQUIREMENTS
Ø  Completely filled-up application form
Ø  3 pcs. 2x2 pictures
Ø  Photocopy of 2 valid IDs with permanent address and signature (i.e. Passport, Driver’s license, current company ID, Voter’s ID, etc.)
Ø  Latest original Proof of Billing (electric or water )
Ø  Latest proof of residency (i.e. NBI / Police Clearance and etc.; for provincial residents, Barangay clearance)
Ø  Sketch of Residence

CO-BORROWERS REQUIREMENTS
Ø  Spouse or immediate relative with steady source of income (if the spouse is  not qualified as co-borrower, he/she will sign Promissory Note (PN)
Ø  3 pcs. 2x2 pictures
Ø  Photocopy of 2 valid IDs
Ø  Latest proof of billing (electric or water)
Ø  Latest proof of residency (i.e. NBI /Police Clearance and etc; for provincial residents, Barangay clearance
Ø  Latest proof of income

CO-MAKER REQUIREMENTS
Ø  3 pcs. 2 x 2 pictures
Ø  Photocopy of 2 valid IDs
Ø  Latest proof of billing (electric of water)
Ø  Latest proof of residency (i.e. NBI / Police Clearance and etc.; for provincial residents, Barangay Clearance)
Ø  Latest proof of income

SECURITY OF PAYMENT
Ø   
Ø  ISSUANCE OF POST DATED CHECKS FOR MONTHLY OR SEMI-MONTHLY AMORTIZATION

OTHER LOAN CHARGES
Ø  INSURANCE
Ø  DOCUMENTARY
Ø  NOTARIAL FEE
Ø  PROCESSING FEE




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