Home Loan | Sterling Bank of Asia

Home Loan

Make your dream home a reality

Owning a space to call your own where you can build your life, celebrate your wins, and nurture your future is one of the greatest joys of life.

Step right into the house of your dreams and make it your home with Discovery Home Loan.

Apply Now

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Call +632 8721 6000 or +632 8672 6300

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 Loan can help bring you a step closer to that dream. May it be a purchase of a house and lot, a townhouse, a condo unit or even a renovation, experience a whole new future with Discovery Home Loan.

Let Sterling Bank of Asia help you.

Loanable Amount

Php300,000 up to Php25M or 80% or 90% of the Total Contract Price (TCP) for accounts referred by accredited developers

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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Your Monthly Amortization

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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 the borrower is more than 60 years old, a co-maker is required

For Employed

Employment status must be Permanent or Regular
At least two (2) years with the present employer

For Self-employed:

Business should be at least three (3) years in operation and profitable for the last two (2) years, and must be duly registered with the Securities and Exchange Commission (SEC) or the Department of Trade and Industry (DTI)
Combined monthly gross family income of at least Php40,000.00
For married borrower/s, spousthe e will act as co-borrower and co-mortgagor

Requirements

General Requirements

Duly accomplished application form
Copy of two (2) valid government-issued IDs (click here for the list of acceptable IDs)
Proof of payment of appraisal fees payable to Sterling Bank of Asia
Copy of Marriage Contract or other document to support marital status
Proof of Income

For Locally Employed (any one from the following)

Latest Certificate of Employment with compensation;
Latest two (2) months pay slips;
Latest three (3) months bank statements showing salary credits; or
Latest ITR/BIR form 2316 (mandatory for loans more than Php3.0M)

For Overseas Filipino Workers (OFW) or Seafarers

Latest employment contract or certificate of employment with compensation (issued within 6 months), and any one of the following:

Latest three (3) months proof of remittance; or
Latest three (3) months pay slips or bank statements where salary is credited

Additional Requirements
Details of attorney-in-fact/loan administrator (full name, contact number, address, and valid government ID)

For Pensioners

Certificate of Pension; and
Latest three (3) months bank statements of pension account

For Real Estate Brokers/Licensed Insurance Agents/Brokers

Certificate of Employment with commission earned (issued within 6 months); and
Latest six (6) months bank statement where commission is credited

For Self-Employed

For Part Owners of a Partnership/Corporation

Latest three (3) months payroll account where claimed salaries are credited;
Latest Individual ITR;
SEC Registration;
Articles of Incorporation / Partnership and By-laws; and
General Information Sheet (GIS)

For Owners of Sole Proprietorship Business

DTI Registration or Latest Mayor's Permit to Operate;
Latest ITR with Audited Financial Statements for the last two (2) years;
Latest three (3) months bank statement of working account; and
Trade references with complete contact information (business name, complete address, contact person, business phone number).
Major clients (at least 3), major supplier (at least 3)

For Corporations / Partnership / One-Person Corporation (OPC)

SEC Registration;
Articles of Incorporation / Partnership and By-laws;
Company Profile: Background, Owners, Key Officers;
General Information Sheet (GIS);
Latest ITR with Audited Financial Statements for the last two (2) years;
Latest three (3) months bank statement of working account; and
Trade references with complete contact information (business name, complete address, contact person, business phone number).
Major clients (at least 3), major supplier (at least 3)

Additional Requirement based on Nature of Business

For Rental Properties

Copy of TCTs/CCTs of rental property; and
Copy of valid and notarized lease contracts

For Transport Business

Copy of LTFRB franchise decision of all units;
Copy of OR and CR of all units;
Authorization letter to conduct franchise verification with LTFRB; and
Copy of valid ID of franchise owner (if not the borrower/applicant)

For Practicing Professionals

Copy of PRC license;
Latest ITR with Audited Financial Statements for the last two (2) years;
Latest six (6) months bank statement of working account with authorization letter to verify; and
Clinic/Office address with complete contact details (if applicable)

For Construction Business

Latest contracts showing project cost and expected income of the business

For Pawnshops/Money Changer/Forex Dealers/Remittance Agents/Money Service Business (MSB)/Money or Value Transfer Services/Virtual Asset Service Providers (VASP)

Certificate of Registration issued by BSP; and
AMLC Certificate of Registration

Additional Requirement Based on Purpose

Refinancing/Take-out

Proof of amortization payments for the last three (3) months or payment history provided by the Bank;
Statement of account from mortgagee bank;
Authorization Letter to verify employment, business, and bank accounts, whichever are applicable; and
For foreigner spouses of Filipino borrowers, alien certificate of registration (ACR)

Property offered as collateral

For Non-Accredited Developers

Copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT);
Vicinity/Site Map or Location Map;
Tax Declaration for both land and improvements; and
Latest Tax Clearances and Real Estate Tax Receipts (RETRs)

For Accredited Developers