How to Apply for Housing Loan From Bank of Commerce

Bank of Commerce offers Home Loans for the following purposes:

  • Purchase of house and lot, townhouse or condominium unit
  • Construction of house on a lot already owned by the borrower
  • Major repair, improvement or expansion of an existing house
  • Refinancing/ take out of existing house loan

The minimum loanable amount is P500,000.00 and payment terms are from ten (10) years to twenty (20) years. For best interest rate deals, visit our nearest branch.

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APPLICATION REQUIREMENTS:

GENERAL

  • Home Loan application form
  • 2×2 photos (both spouses / co-obligor)
  • Photocopy of valid ID (Driver’s license, passport, SSS ID, Company ID (if to 5,000 corporation), Postal ID, PRC ID
  • Photocopy of deposit passbooks or bank statements (3 months)
  • Marriage contract (if applicable)

EMPLOYED

  • Copy of Income Tax Return (ITR) with BIR or bank stamp (latest 3 years)
  • Certificate of Employment stating applicant’s position, income and length of stay in the company (original copy only)
  • Copy of pay slip (last 3 months)
  • Proof of other sources of income, if any
  • Proof of billing address and Original copy of Latest Contract of Employment (OFW/Seafarer)

SELF-EMPLOYED

  • Copy of business registration papers with DTI (if single proprietorship) or SEC (if partnership or corporation)
  • Copy of Audited Financial Statement for the last 2 years
  • Copy of Income Tax Return (ITR) with BIR or bank stamp (latest 3 years)
  • Company/ business profile
  • List of major suppliers/customers

Contact our Housing Loan Department at (02) 982-6000 local 6443

List of Bank of Commerce Branches / ATMS