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BANK REQUIREMENTS

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BANK REQUIREMENTS Powered By Docstoc
					BANK FINANCING – PS BANK


 A. STANDARD APPLICATION REQUIREMENTS
      1) Copy of TCT/CCT
      2) Two (2) Valid IDs
      3) Vicinity / Location Map
      4) Copy of Marriage Contract or any document to support Civil Status
      5) Contract to Sell / Reservation Agreement (If acquiring from an
         accredited developer)

 B. IF APPLICANT IS IN BUSINESS OR IN PROFESSIONAL PRACTICE.
       1) Certificate of Business Registration with DTI or SEC.
       2) Articles of Incorporation and By-laws
       3) Income Tax Return for the last 2 years or BIR Form 1701
       4) Audited Financial Statement for the last 2 years.
       5) List of Major Trade Suppliers and Customers (at least 2 for each with
          contact persons and telephone numbers)
       6) Bank Statements for the past 6 months.

 C. IF APPLICANT IS EMPLOYED
       1) Original copy of Latest Certificate of Employment with Compensation
       2) Income Tax Return or BIR Form 2316 or 2306 (if applicable)

 D. IF APPLICANT IS OFW OR IMMIGRANT
       1) Recent Certificate of Employment with salary and ITR (for immigrant)
          or Job Contract (for OFW)
       2) Photocopy of Passport
       3) Proof of Remittance for the past 6 months

 E. IF THERE ARE OTHER SOURCES OF INCOME
       1) Proof of other income such as Certificate of Deposits, Stock / Bond
          Certificate, Lease Contracts showing terms and monthly payment, etc.

 F. ADDITIONAL DOCUMENTS (depending on loan purpose)
      1) Homes Construction or Renovation
         -Floor and Building Plan and Building Specification
         -Bill of Materials and Estimates of Construction & Labor Cost
      2) Purchase of Condominium
         -For condos where parking slot is not indicated in CCT or not part of
         floor area, attach Certificate of Deed of Assignment for designated
         parking slot.
      3) Refinancing
         -Proof of amortization for the last 3 months
         -Statement of Account from mortgage bank

				
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