China Bank HomePlus Housing Loan

Product Features

Margin of Finance:80%Loan

Tenure:Up to 25 Years

Suitable for: Purchase of House & Lot / Condominium, House Construction, Purchase of Lot, Refinancing, House Renovation / Expansion, Reimbursement.

Eligibility

Age21 - 65 years oldEmploymentIf employed, must have a tenure of at least 2 years.CitizenshipFilipino Individuals or Foreigners with 3 years residency in the Philippines (foreigners qualify if loan purpose is acquisition of a Condominium Unit)

Is a Chinabank HomePlus Loan Right For Me?

A Chinabank HomePlus Loan will allow you to borrow as much as 80% of the appraised value of your property with low interest rates and long terms.

How Much Can I Borrow With A Chinabank Housing Loan?

• Minimum of ₱500,000

• Maximum of ₱25,000,000

• Maximum of 80% of appraised value of property

Am I Eligible for a Chinabank Housing Loan?

Yes, if you are:

• Filipino Individuals or Foreigners with 3 years residency in the Philippines (foreigners qualify if loan purpose is acquisition of a Condominium Unit)

• Residential real estate property for collateral

• Gross monthly family income of at least ₱30,000

• If employed, must have a tenure of at least 2 years

• If engaged in business, must be operating profitably for the last 2 years

• Age of borrower from 21 years and not to exceed 65 years at the time of loan maturity

What Documents Will I Need to Prepare?

If you have applied for a Chinabank Housing Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

If Locally Employed:

• Application Form with attached 2x2 ID picture

• At least 2 Valid ID's

• Marriage contract (if applicable)

• Latest Income Tax Return

• Certificate of Employment with Compensation and Tenure

If Self-employed (sole proprietorship):

• Application Form with attached 2x2 ID picture

• At least 2 Valid ID's

• Marriage contract (if applicable)

• DTI registration

• Audited Financial Statements for the last 3 years

• Bank Statements

• Company Profile

• Complete list of customers and suppliers with contact person and number

If Self-employed (partnership/corporation):

• Application Form with attached 2x2 ID picture

• At least 2 Valid ID's

• Marriage contract (if applicable)

• SEC Registration, Articles of Incorporation, and By-Laws

• Audited Financial Statements for the last 3 years

• Board/Partnership Resolution / Secretary's Certificate

• Current General Information Sheet (GIS)

• Company Profile

• Complete list of customers and suppliers with contact person and number

Sounds Great! How Should I Proceed?

You can use the Chinabank housing loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and our customer representatives will call you back. Applying for a housing loan with iMoney is absolutely free of charge.

If you're planning to take a look at other available options, we can suggest that you check out Chinatrust Bank housing loan and compare if it's a better match. However if you want more choices, you can also view the whole list of housing loan in the Philippines available on our website.

Is It Easy to Repay my Chinabank HomePlus Loan?

Consult your nearest Chinabank branch for more details on how to repay your loan.