basic loan requirementsIn aid of giving useful information for Filipinos who are looking to borrow money from private lending companies or banks in the Philippines, I have listed below the different and currently existing documentary requirements as per type of loan to apply for – collateral and non-collateral loans in the Philippines.

Basic Car Loan Requirements

  • Completely filled up application form
  • 2 valid IDs (must have same address as the proof of billing)
  • Original proof of billing (only electric or water bill allowed and must have same address as the 2 valid IDs
  • TIN ID
  • Proof of income (DTI or SEC if with business / 1 month latest payslip and COE if with regular job / contract of lease if with property for rent / remittance receipts of voucher if with remittance coming from abroad / bank statement if have pension
  • Stencil of engine and car chassis number (to be done at the lending office vicinity)
  • Picture of the vehicle (to be done by account officers and stencil officers)
  • Photocopy of OR CR (original to be surrendered upon claim of loan money)





Basic House and Lot Loan Requirements

  • Certified true copy of TCT (transfer certificate of title)
  • Updated RETR and tax declarations of the property to be used as collateral
  • 2 valid primary IDs
  • Vicinity map and latest picture of the house
  • Proof of income of the borrower (DTI if with Business / 3 months payslip and COE if with regular job / Remittances and vouchers if with somebody sending monthly money
  • Latest tax identification number (TIN)
  • 6 months latest bank statement of account

Basic Seaman Loan Requirements

  • Completely filled up application form by borrower and co-borrower
  • POEA validated latest contract
  • Passport (must be latest and valid)
  • SRC
  • Seaman’s book
  • Allotment slip of allotment certificate
  • 2 valid primary or government-issued IDs
  • Marriage contract or birth certificate of children if married
  • Original proof of billing (only electric or water bill allowed)