asked by Jun Lee
Answer
Yes, Foreigners or non-Filipinos may apply for a loan in ChinaBank provided that the attorney in fact, or co-borrower is living here in the Philippines.
For your possible co-maker or co-sign, kindly refer to requirements below:
IF EMPLOYED:
- Certificate of Employment stating length of service and monthly
- Income Tax Return or ITR (if any)
- Special Power of Attorney (Bank Form)
- 2 valid ID's
IF SELF-EMPLOYED:
- Certificate of Registration with the Securities and Exchange Commission (SEC) or Department of Trade and Industry (DTI)
- Financial Statements (Audited)
- Latest Income Tax Return (ITR) with Statement of Assets and Liabilities
- 2 valid ID's
Special Power of Attorney (Bank Form, 5 copies)
Preferably, co-maker needs to be related to you ( relative ) no specific salary ceiling needed. Still, it will be subject for credit approval process.
You can read more information of ChinaBank home or condo loan at http://chinabank.ph/personal.aspx?title=HomePlus+Loan
On the right portion of the site, the requirements for the different type of Home Loans may be displayed. There is also a Loan Calculator that will assist you in the computation of the monthly amortization of your planned loan amount. You may also contact our Loans Unit at 885-5555.
We hope this addresses your concern. If you need further assistance, please do not hesitate to post a comment below.