EastWest Home Loan Application Requirements

Eligibility

  • Borrower must have identifiable, regular, stable & legitimate source of income. Applicant, co-borrower and mortgagor must be of legal age, at least 21 years old and not more than 65 years of age upon maturity of the proposed loan.

  • EMPLOYED BORROWER
    must be continuously employed in a legitimate & established institution for at least 2 years

  • OFW / OCW
    nature of work must be under the category of professional & technical jobs and continuously employed abroad for at least 2 years

  • SELF-EMPLOYED BORROWER
    business is legitimate, registered, stable & profitable for the past 2 years

  • CORPORATE REQUIREMENTS

    1. Co- Borrower
      • Majority Stockholder Business Papers
      • SEC Registration
      • Articles of Incorporation
      • By-Laws
      • General Information Sheet Income Documents
      • ITR 1700 w/ Audited Financial Statements for 2 years
      • Bank Statements Trade References (Optional / As needed)
      • Clients
      • Suppliers

Basic Documentary Requirements

  1. Duly Accomplished Housing Loan Application Form
  2. Income Documents
    • If Locally Employed
      • Certificate of Employment w/ Compensation [COEC], indicating position and length of service
      • Latest Income Tax Return [ITR]; must show employer’s authorized signatory
    • If OFW – Direct Hire
      • Original COEC w/ original 3 months payslips; or
      • Original COEC w/ original 6 months proof of remittances; or
      • Consularized Certificate of Employment w/ Compensation [COEC]
    • If OFW Seaman
      • Crew Contract validated by POEA
    • If Self-employed
      • Business Registration [SEC/DTI]
      • Latest Income Tax Returns [ITR] for the last 2 yrs, all pages
      • Latest 3 months bank statements w/ authorization to conduct bank verification
      • List of trade references (at least 3 suppliers and 3 customers w/ telephone numbers and contact persons]
    • If Practicing Doctors
      • Clinic Address/es and schedules
    • If from rental of properties
      • Rental/Lease Contracts [indicating name of tenants and rental amounts w/ complete addresses of properties being rented]
      • Photocopy of title (Condominium Certificate of Title [CCT] /Transfer Certificate of Title [TCT]) of the leased property; must be under the name/s of the borrower/s
    • If from transport business
      • LTO Certificate of Registration[CR] & Official Receipts [OR]
      • LTFRB Franchises
    • If from Commissions
      • Proof of Commissions, Vouchers or bank statements [for the last 6 months reflecting commissions]
    • If Purpose is Refinancing/Loan Take out
      • Latest Statement of Account from Mortgagor
      • Proof of payment for the last 6 months [Official Receipts or cleared checks with Bank Statements or Ledger]
  3. Collateral Requirements
    • Clear copy of title for collateral [CCT/TCT], all pages
    • Appraisal Fee Official Receipt [OR]
    • Tax declaration on land and on building [if applicable]
    • Vicinity map/ sketch map
    • Tax Declaration on improvement (for condominium)
  4. Additional Documentary Requirements
    • For Construction/ Renovation:
      • Building or renovation plans
      • Bill of Materials
      • General Specifications or Scope of work [if renovation]
    • For Accredited Developers:
      • Contract to Sell [CTS]
      • Payment Ledger
      • Purchase Application Form/ Buyer’s Information Sheet

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For more information:

Visit any EastWest Store.

Call 24/7 Customer Service Hotline 888-1700.

Email us at csloans@eastwestbanker.com.