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Business HoursBonno Home Loan
Purpose
Whether you’re buying your first house, building from scratch, renovating your current home or securing land, we provide the financial assistance you need to make it happen with Bonno Home Loan.
Why It Matters To The Client
Product Features
Outright Home Purchase and Construction (Individual): starts from P50,000.00, maximum loan amount determined by salary and property value.
- Repayment: 25 yrs max (Individuals)
- Repayment: 15 yrs max (Companies)
Plot purchase: starts from P10,000.00 (Only plots with title deeds, leasehold or freehold can be financed)
- Repayment: 7 years max
Home improvement:
- From P10,000.00
- Repayment: 5 years max
- Repayment deductible from salary (source)
No upfront contribution. NDB offers 100% finance cover.
No collateral or security needed for loans up to P400,000.00
Requirements
- Certified copy of Omang/Passport/Work and Residents permits
- A copy of land Title Deed and valuation report
- Current pay slip for applicant/company’s financial statement
- 3 months’ bank statements
- For companies we require a Certificate of Incorporation, Memorandum and Articles of Association and Board resolution
- For individuals, if married, provide the Bank with original certified copy of marriage certificate or ante-nuptial contract/decree absolute
- Proof of physical address
- Employment confirmation letter/copy of employment contract.
- Spouse’s letter of consent
- Latest bank statements for at least three consecutive months from the same Bank
- Most recent original pay slip /proof of income
- If married, provide the bank with the original certified copy of marriage certificate or ante-nuptial contract/decree absolute
- Spouse’s letter or consent
- Original copy of Omang for citizens or passport for expatriates
- Original copy of work and residence permits for expatriates
- Employment confirmation letter/copy of employment contract
- Copy of Title Deed
- Approved building plans and building permit
- At least three (3) building quotations should be submitted (labor and material inclusive)
- Contractors/builders profiles/references must be attached
- Contractors listed with PPADB would be an advantage
- Bill of quantities required for building projects costing P500,000 and above*
- Signed building agreement between client and contractor
- Valuation Report will be required from NDB preferred valuers
- A memorandum & Articles of Association (Companies) where applicable
- A Certificate of Incorporation (Companies)
- Certificate to Commence Business
- A copy of Partnership Agreements (Partnerships)
- Past financial statements for a maximum of 3 years
- Projected financial statements for a minimum of 3 years
- Certified copies of all identification documents will be required for all directors
- Certified copies of share certificates
- Proof of directorship (confirmed by the Registrar of Companies)
- Bank statements for at least six (6) consecutive months, from the same Bank
- Resolution to borrow (certified by company secretary)
- VAT Certificate
- Tax Clearance Certificate
- Certified copy of Omang/ Passport/Work and Residential permits.
- A copy of land title and valuation report.
- Current pay slip for applicant/company’s financial statement.
- 3 months’ bank statements.
- For companies we require a Certificate of Incorporation, Memorandum and Articles of Association and Board resolution.
- For individuals, if married, provide the bank with original certified copy of marriage certificate or ante- nuptial contract/decree absolute.
- Employment confirmation letter/ copy of employment contract.
- Utility bill as proof of physical address.
- Certified copy of Omang/ Passport/Work and Residential permits.
- A copy of land title deed and valuation report.
- Current pay slip for applicant/company’s financial statement.
- 3 months’ bank statements.
- For companies we require a certificate of Incorporation,
- Memorandum and Articles of Association and Board resolution.
- For individuals, if married, provide the bank with original certified copy of marriage certificate or ante-nuptial contract/decree absolute.
- Employment confirmation letter/ copy of employment contract.