| Checklist of Requirements |
| |  | |
| Pre-processing Requirements |
| | | |
| A. | Borrower Information |
| | | |
| • | Duly accomplished application form |
| • | 2 valid identification cards |
| | | |
| B. | Income Documents |
| | | |
| If locally employed |
| | | |
| • | Certificate of Employment (COE) indicating salary, position & length of service |
| • | Income Tax Return (ITR) for the last 2 years or W2 |
| | | |
| If Expat Pinoy (Overseas Filipino Worker) |
| | | |
| • | Certificate of Employment duly authenticated by the Philippine Consulate |
| • | Crew Contract & Exit Pass from POEA (for seafarers) |
| • | Proof of monthly remittances |
| • | Notarized or authenticated Special Power of Attorney (BPIFSB format) |
| | | |
| If Self-Employed |
| | | |
| • | Articles of Incorporation/By-laws/SEC Registration |
| • | Audited Financial Statements for the last 2 years |
| • | Department of Trade & Industry (DTI) Registration |
| • | ITR with Statement of Assets & Liabilities (SAL) for the past 2 years |
| • | Bank statements for the last 6 months |
| • | List of Trade References (at least 3 names with contact nos. of major suppliers/customers) |
| | | |
| If Practicing Doctor |
| | | |
| • | Clinic address/es and schedules |
| | | |
| If from Commission |
| | | |
| • | Vouchers or bank statements (for the last 6 months reflecting commission income) |
| | | |
| If from Rental of Properties |
| | | |
| • | Rental/Lease contracts (indicating name of tenants & rental amounts with complete addresses of properties being rented) |
| • | Photocopy of Transfer Certificate of Title (TCT) &/or Condominium Certificate of Title (CCT) |
| | | |
| C. | Collateral Documents |
| | | |
| • | Clear copy of owner's duplicate of TCT/CCT |
| • | Lot/Vicinity map certified by geodetic engineer |
| • | Photocopy of tax declaration/tax receipts/tax clearance |
| • | Endorsement letter/computation sheet/contract to sell from developer stating the contract price (for accredited developer project) |
| | | |
| For Construction Loan |
| | | |
| • | Complete set of building plan |
| • | Bill of materials/specification/cost estimates |
| • | Building permit |
| | | |
| Refinancing of Loan |
| | | |
| • | Statement of account from mortgage lender |
| • | Proof of payment for the last 6 months |
| | | |
| D. | Fees |
| | | |
| Non-refundable appraisal fee of P3,000 |
| | | |
| Post Approval Requirements |
| | | |
| • | Original owner's copy of TCT/CCT |
| • | Certified true copy of the latest Realty Tax Declaration on land and improvements under the name of the borrower/mortgagor |
| • | Original copy of latest Real Estate Tax Clearance |
| • | Health Declaration form (supplied) for MRI enrollment with Ayala Life |
| • | Medical examination with Ayala Life, if applicable |
| • | Fire/Lightning/Earthquake insurance coverage through BPI-MS, if applicable |
| • | Opening of deposit account with any BPI or BPI Family Savings Bank |
| • | For Corporate borrowers, Board Resolution/Secretary's Certificate (form supplied), if applicable |
| • | Four copies of Special Power of Attorney, if applicable |
| | | |
| Fees |
| | | |
| • | Mortgage Registration Fees |
| • | Mortgage Redemption Insurance Premium |
| • | Fire/Lightning/Earthquake Insurance Premium |
| | | |
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