About Home Installment Loan
MTB Bank’s Home Installment Loan is a type of loan that is loaned to an individual to purchase real estate and can be applied Home Installment Loan for by providing the purchased real estate as collateral.
30% | 70% | Up to 5 years 2% Up to 10 years 3% Up to 15 years 5% |
Maximum 15 years | 10% to 14.5% |
Down Payment | Loan Amount | Service Charges | Loan Tenor | Interest Rate |
Types of properties that can be purchased with a Home Installment Loan
- Land only for housing construction.
- Single housing land with building (Land & Building)
- Condominium in accordance with condominium law
- Apartments
- Mini condos
Requirements
Basic Personal Documents
- NRC
- Passport Photo
- Household Member List
- Ward Recommendation Letter
- Guarantor NRC, Passport Photo, Household Member List, Ward
- Recommendation Letter
Salaried Staff
- Salary Slip (minimum 3 months)/ Bank Statement (Minimum 6 months)
- Employment Confirmation Letter & Staff ID Card
Self Employed
- Business License/ Company Registration Documents
- Financial Statement (1 year)
Products Requirement
- BCC (copy)
- Grant/ Leasehold Land/ Freehold Land (Copy)
- Contract between with the land owner and contractor
- Sale contract history
- Property Photo (Front, Back, Left, Right)
- Map 105/106 (If the land and building)
Check yours loan eligibility now!
To know your estimated loan eligibility amount, calculate at AYA Home Loan Calculator
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