What are the document requirements for applying for a Home Loan?
The list below provides a few basic documents required by banks for home loan applications. They may request additional documents as deemed necessary.
1) Proof of Identity
2 Valid IDs
Marriage Certificate (If Applicable)
If Separated; Legal Separation Papers (If Applicable)
Proof of Billing
2) Proof of Income and Employment
If you're locally employed:
Latest certificate of Employment with Compensation or Contract
3 months updated Payslips
Income Tax Return (if applicable)
If you're self- Employed:
Latest 3 months bank statements
Business Registration documents
Latest Income Tax Return with 2year-Audited Financial Statements (comparative)
If with Business:
Latest 3 months bank statements
Business Registration paper
Latest Income Tax Return with 2year-Audited Financial Statements (comparative)
List of Trade References (suppliers/customers with contact details)
3) Collateral Documents:
Certificate of Title or Transfer Certificate of Title
Tax Declaration, Tax Clearance, Tax Receipt
Appraisal Fee (for un-accredited projects)
If married and/or with a co-borrower, your spouse and/or co-borrower also needs to provide the information above.
Note: The requirements for applying for a home loan vary from lender to lender. During the process, additional documents may be required by the lender (ex. banks).
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