Home Loan | Sterling Bank of Asia

Home Loan

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The key to having your own dream home is to call us! It’s that easy. Make your choice, let us handle the rest.

If there's one thing everyone always wanted to have, it's a better place to stay. A better place to build a future. That one thing you want to call 'home'.

Discovery Home Loans makes it possible for you to bring yourself a step closer to that dream. May it be a purchase of a residential lot, a house and lot, a townhouse, a condo unit, or even a renovation, we let you discover a whole new future with 'No Fear' perspective.

So, make a choice and build your future now. We'll be happy enough to handle the rest.

Loanable Amount

P500,000.00 up to P10M or 80% of the property's appraised value

Loan Terms

1 year to 25 years. Age upon maturity not exceeding 65

Payment Options

Post-dated checks; Auto-debit arrangements

Loan Calculator

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Amount Financed:

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Please note that the computation above is based on the indicative rate. Please call us or visit any Sterling Bank branch to get the actual rates.

Eligibility

Filipino Citizen
21 years old, but not more than 65 years old upon maturity of the loan
If borrower is more than 60 years old,
require co-maker

For Employed

At least 2 years with present employer

For Self-employed:

Business should be at least 3 years in operation and profitable for the last 2 years and must be duly registered with Securities and Exchange Commission (SEC) or Department of Trade and Industry (DTI)

Combined monthly gross family income of at least P40,000.00

For married borrower/s, spouse will act as co-maker

Requirements

General Requirements

Accomplished loan application form
Photocopy of TCTs/CCTs offered as collateral
Vicinity map, lot plan, tax declaration
Tax clearance and RETRs
Bill of materials / cost estimates and floor plans (for house construction/renovation/expansion)
Copy of two (2) valid IDs
Marriage contract (if married)
Cash or check payment for appraisal fee payable to Sterling Bank of Asia
Credit card/utility billing statements for the past three (3) months
Statement of account (for loan take-out) and proof of payment of last three (3) amortizations
Authority to appraise

Requirements in Post approval

Insurance coverage on Housing unit
Mortgage Redemption Insurance (MRI) on borrower
Post-dated checks
Submission of affidavit for the mortgage of family home

Additional Requirements for Self-employed

Business papers / permits / certificates (SEC, DTI, etc.)
Three (3) years audited or BIR filed and in-house financial statements
Accomplished basic business information
Bank statements for the last three (3) months

Additional Requirements for Employed Locally

Income tax return (ITR) for the past two (2) years
ITR of co-maker (if applicable) or W-2/BIR Form 2316
Original certificate of employment (COE) with compensation data and length of stay in the company
Two (2) months payslip

Additional Requirements for Employed Overseas

Recent and active certificate of employment (COE) with salary and/or compensation data
ITR, if any
Proof of remittances or allotment papers with beneficiary data
Copy of job contract with duties and responsibilities
Special power of attorney (SPA)
Proof of income (if any)

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