Home Loan Features

Take advantage of the home loan to

Buy a residential vacant lot
Buy your dream home – house and lot, townhouse, or condominium unit
Refinance your existing home loan, or reimburse your construction and housing expenses
Build, renovate, or expand your home
Invest in new property

You can enjoy

Very competitive rates
Quick and hassle free processing
Allows payment of loan via fixed monthly installment of principal and interest
Flexible payment terms of up to 36 months
High loan amount of up to 60% of the appraised value of your property for vacant lots and 70% of the appraised value of your property for residential or commercial properties
Full release of loan via Check payable to the borrower

To qualify, you must meet the following criteria

Age: 21 (Employed) / 25 (Self-Employed) to 60 years old (upon loan maturity)
Co-Maker: Acceptable co-makers shall be limited to spouse, first-degree relatives (i.e. mother, father, children) and siblings

Basic Requirements

Loanable Amount: Minimum – P100,000 / Maximum – P3,000,000
Term: Minimum – 12 months / Maximum – 36 months
Acceptable Collateral: Residential properties (including townhouses, condominium and vacant lots), commercial properties, mix use properties (both commercial and residential). Properties should be located within Metro Manila or major towns/cities near Metro Manila. If outside Metro Manila, property should be within coverage area of MCC.
Late Payment Charge: 3% of the total monthly amortization or P300.00 whichever is higher.
Pre-payment Penalty: 5% of the outstanding principal or P2,500.00 whichever is higher.
Appraisal Fee: P5,000 if located within Metro Manila. If outside Metro Manila, appraisal fee shall be determined depending on the location of the property. Appraisal fee is non-refundable and shall be collected upon loan application.

Permanent with tenure of at least two (2) years
With minimum monthly net disposable income (single or combined) of at least P50,000
Two (2) valid IDs (Company and Gov’t issued ID)
Latest Certificate of Employment and one month payslip
Latest ITR / Latest Proof of Billing (Residence)
Sketch of Residence

Profession must be practiced for at least three (3) years
With minimum gross monthly net disposable income (single or combined) of at least P50,000
Two (2) valid IDs (PRC and Gov’t issued ID)
Photocopy of Passbook or Statement of Account for the latest 6 months
Latest DTI & Business Permit/Latest 2 years ITR w/FS / Latest Proof of Billing (Residence)
Sketch of Residence/Business

Business must be in existence for the last three (3) years
Profitable operations for the past three (3) years
With minimum net monthly income of at least P100,000.00
Two (2) valid IDs (PRC and Gov’t issued ID)
Photocopy of Passbook or Statement of Account for the latest 6 months
Latest DTI & Business Permit/Latest 2 years ITR w/FS / Latest Proof of Billing (Residence)
Sketch of Residence/Business

Collateral Documents:

Photocopy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) – front and back copy
Photocopy of Lot Plan with Vicinity Map
Photocopy of latest Tax Declaration
Photocopy of latest Real Estate Tax Receipt/s
Photocopy of latest Tax Clearance
Master Deed of Restriction (for condominium properties)
MRI (Mortgage Redemption Insurance)
Fire Insurance on the property mortgaged

Home Loan