Robinsons Bank Housing Loan Features & Requirements for Application

Guide on Robinsons Bank Housing Loan Features & Requirements in Applying

ROBINSONS BANK HOUSING LOAN – Here are the features and the requirements in applying for the Robinsons Bank Auto Loan offer.

Are you looking for a loan that can help you achieve your dream house? In the Philippines, one of the entities that you may turn to is the Robinsons Bank.

The Robinsons Bank is one of the reputable banks that is operating in the country for decades now. Its loan offer is open to finance any of the following purposes:

acquisition of residential property
- vacant lot
- house and lot
- condominium unit
- townhouse
house construction / renovation
refinancing / home loan take-out
Home Equity Loan

Under the loan offer, you may borrow up to up to 90% of total contract price for residential properties under the accredited developers and up to 80% of appraised value for the non-accredited developers.

The loan offer is open for both salaried and non-salaried individuals. With regards to the loan term, for locally-employed individuals, the bank allows a maximum term of 20 years and 15 years for self-employed individuals.

Who are qualified to apply for the Robinsons Bank Housing Loan offer? It is open for individuals who are at least 21 years old but not more than 65 years old upon the loan maturity.

With regards to the documentary requirements in applying for the Robinsons Bank Housing Loan, here are the documents required by the bank in applying for the loan offer:

For locally-employed individuals:

duly-accomplished and signed Robinsons Bank Housing Loan Application Form
at least 1 government-issued ID
Marriage Contract (if applicable)
Latest Copy of Certificate of Employment indicating salary, position, and length of employment
Latest Payslips

For self-employed individuals & professionals:

duly-accomplished and signed Robinsons Bank Housing Loan Application Form
at least 1 government-issued ID
Marriage Contract (if applicable)
ITR for the last three (3) years
Audited Financial Statements for the past three (3) years
Business Registration Documents (DTI, Mayor’s permit, etc)
PRC ID (For Professionals)

For overseas Filipino workers (OFWs):

duly-accomplished and signed Robinsons Bank Housing Loan Application Form
at least 1 government-issued ID
Marriage Contract (if applicable)
Latest employment contract of employment
Latest Working Visa
Latest Payslips or remittance slips
Special Power of Attorney (Bank Format)
Consularized copy may be required if issued abroad

Aside from the personal documents of the borrower, there are a few collateral documents required by the bank in applying for the Robinsons Bank Housing Loan offer. The collateral requirements depend on the purpose of the loan application and whether or not the property is developed by an accredited developer or not.

For Accredited Developers