Required Gross Monthly Income: Monthly amortization is 30% of GMI or has minimum cash surplus of P10,000 to 20,000
(M.A. / .3 = required gross income)
Note:
*bank approval 10-15 days with complete requirements
METROBANK REQUIREMENTS
Standard Requirements:
– valid id’s (preferably gov’t issued id’s)
– marriage contract (if married)
– 3 to 6 mos. other bank statements
If source of income derived from employment:
– certificate of employment/contract (latest)
– Income tax return (latest)
For OFW:
– Previous copy of contract (photocopy or original)
– latest contract (with email add and tel. no. of employer) (original)
– 6 mos. proof of remittance (bank soa/ passbook)
– 3 mos. payslips (original)
If source of income derived from business:
– business permit (latest)
– DTI
– Income tax return/ audited financial statements (latest)
– Lists of 3 major supplier and 3 major customer with contacts nos. and contact persons
For appraisal purposes:
– copy of certificate of Title- if available
– tax declaration (land and bldg.)- if available
– tax clearance or real estate tax payment- if available
– reservation agreement- if title is not yet transferred