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Loan Application & List of Requirements

 

I. BASIC REQUIREMENTS:

- Duly Accomplished Application Form

- Duly Accomplished GFSP (formerly MRI) Form

- Copy of NSO Marriage Certificate if married

- Latest Original CENOMAR (Cert. Of No Marriage) with Attached Official Receipt if single

- Legal Separation Papers / Annulment Papers if Annulled

- Copy of 1 Valid ID with Visible Photos & Signatures with 3 Specimen Signatures (Primary ID's: Philippine or Foreign Passport, Driver's License,

SSS ID, PRC ID, GSIS E-Card, OWWA ID, OFW ID, Seaman's Book, Alien Certificate of Registration/Immigrant Certificate of Registration,

Government Office and GOCC ID-AFP ID, Home Development Mutual Fund ID-HDMF, IBP ID, Company ID's issued by Private Entities or

Institutions Registered with or Supervised or Regulated by BSP, SEC or Insurance Commission, ID's Issued by an Official Foreign Authority-

Foreign Passport, Foreign Driver's License, School ID Duly Signed by the Principal or Head of School)

II. INCOME DOCUMENTS:

If Locally Employed:

- Original Certificate of Employment (COE) Indicating Position, Compensation and Length of Service

- 3 Months Latest Payslips & ITR (if loan is below P3.0M, ITR may be waived)

If OFW - Seafarer:

- Copy of Latest Contract from POEA and Certificate of Employment Issued by Manning Agency

- Copy of Latest 3 Mos Wages Account or Payslips

If OFW Land-based

- Original Certificate of Employment (COE) with email address of supervisor or HR Indicating Position, Compensation and Length of Service

(scanned copies may be submitted for processing but original document has to be submitted prior to the signing of the loan documents; if

companies not internet listed, please have it consularized in the Philippine Consul)

- Original 3 Months Latest Payslips (scanned copies may be submitted for processing but

original document has to be submitted prior to the signing of the loan documents)

If Self-employed - Corporation:

- Articles of Incorporation/By-Laws/SEC Registration

- Latest General Information Sheet

- Latest ITR and Audited FS of business

- 3 Mos latest Bank Statements of Business

- List of Trade references (at least 3 names w/ telephone nos. & contact person/s of major suppliers/customers)

If Self-employed Sole Proprietorship:

- DTI registration & Mayor's Business Permit

- Latest ITR and Audited FS of Business

- 3 Mos Latest Bank Statements of Business

- List of Trade References (at least 3 names w/ telephone nos. & contact person/s of major suppliers/customers)

(If Self-employed - Outside the Country):

- Consularized Business Papers

- Consularized and Latest 1040 & W-2

- Consularized 3 Mos Latest Bank Statements of Business

- Business Website

If Practicing Doctor:

- Clinic address/es and schedules

- 3 mos latest bank statements

- Latest ITR & Financial Statements

- Business Permit (if has own clinic outside the hospital)

If Salespersons:

- 6 mos Latest Vouchers or Bank Statements Showing Credits of Commission/s

- Latest ITR

If Rental of Properties:

- Copy of Rental/Lease Contracts (indicating name of tenants and rental amounts w/ complete addresses of properties being rented)

- Photocopy of Title (TCT/CCT) being rented out

- Latest ITR and audited FS of business

- 3 mos latest bank statements showing rental income

If Pensioners:

- Pension Papers

- 3 mos Latest Bank Statements Where Pension is Credited

If Priests:

- Certificate from the Archdiocese

- Any document showing income

III. COLLATERAL DOCMENTS:

Collateral Documents (Not Accredited/Purchase from Individual Seller):

- Photocopy of Owner's Duplicate of TCT/CCT (2 copies)

- Photocopy of Tax Declaration on Lot & Building

- Lot Plan / Vicinity Map

- Validated Deposit Slip for Appraisal Fee amounting to P 5,000.00 (to be deposited to 1021-0208-81 BPI Family Savings Bank Inc.)

- Notarized Contract to Sell

Collateral Documents (if accredited):

- Statement of Account from the Developer/Term Sheet with attached Contract to Sell

- Photocopy of Subdivided TCT or Approved Technical Description of Property for Purchase

Collateral Documents (Construction):

- Photocopy of individual TCT/CCT (2 copies)

- Photocopy of Tax declaration on lot & building

- Lot Plan / Vicinity Map

- Bill of Materials

- Building Plan

- Building Permit (or Application for Building Permit duly received by OBO)

- Validated Deposit Slip for Appraisal Fee amounting to P 5,000.00 (to be deposited to 1021-0208-81 BPI Family Savings Bank Inc.)

Additional Requirements if Take Out/Refinancing:

-Latest 6 months Proof of Payment on Amortization from the other Bank/Financing Company

-Certification of Outstanding Balance

Additional Requirements if Reimbursement:

-Notarized Certificate of Full Payment signed by the Seller

-Official Receipt of Full Payment

Requirements for Individual Seller of the Property:

- Copy of 1 Valid ID with Visible Photos & Signatures

- Statement of Account with Certificate of Full Payment on Equity

- Notarized SPA (if seller/s will leave the Phils for good; has to include the names of all sellers as indicated in the Title has to include words such

as to claim, encash and deposit check of loan proceeds)

- Consularized SPA (if seller/s will leave the Phils for good; has to include the names of all sellers as indicated in the Title has to include words

such as to claim, encash and deposit check of loan proceeds)

- Heir's Bond (if one of the seller is dead)

- Extra Judicial Settlement

Others:

- 5 Sets of Notarized SPA (if still here in the Phils; should be notarized before leaving)

- 2 Sets of Consularized SPA (if outside the country)

- 5 Sets of Transferee's Affidavit (if still here in the Phils; should be notarized before leaving)

- 2 Sets of Consularized Transferee's Affidavit (if outside the country)

- Copy of Oath of Allegiance (for dual citizens)
For details message your BPI Loans officer:
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