Housing loan · Maybank
Maybank MaxiHome
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Maybank MaxiHome is a trusted housing loan that offers hassle-free financing programs that suits your lifestyle. Whether it is for home purchase, home construction, refinance or home equity, MaxiHome can provide everything you need for your home loan requirements. Apply for MayBank MaxiHome through eCompareMo, fast, easy, and free of charge housing application online.
If you are looking for housing loan other than MayBank, we can help you with it. Ask us today and we will guide you every step of the way.
Overview
| Loan amount | ₱500,000 to ₱10,000,000 |
|---|---|
| Loan term | 1 years to 20 years |
| Interest | 6% to 10.25% a year |
| Loan-to-value | up to 80% |
| Age | 21 to 65 years old |
| Approval time | 5 days |
| Collateral | Maybank's collateral for home loan are House and Lot, Condominium, Building Plan for home construction and Statement of Account for Refinancing |
| Registration fees | amount depends on the value of the property |
| Appraisal Fee | ₱4,500 |
| Processing Fee | Depends on the approved loan amount |
Property types
- House and Lot
- Vacant Lot
- Condominium
- Townhouse
Loan purposes
- Purchase of Property
- Construction of House/Home Improvement
- Refinancing
- Home Equity
Key features
- High loanable amount of up to 80% of the appraised value of the property
- A loan that gives you a convenient way to pay your loan through enrollment to Automatic Debit Arrangement wherein your monthly amortization will be automatically deducted from your enrolled account
- Offers simple application process that will make it easy for you to apply for a loan with the help of their friendly account officers who will assist you.
Frequently asked questions
What are the eligibility requirements to apply for a Maybank Housing Loan?
- Applicant must be of legal age and not be older than 65 years old once the loan matures
- Gainfully employed with a reputable company for at least 2 years; or
- Own a business that’s been operational for at least 3 years and been making a profit in the last 2 years.
- Foreigners can still apply for a MaxiHome Loan but only if the property is a condominium, and proof of residency and employment in the Philippines must be provided
- Overseas workers should have a contract of employment for two (2) years and the nature of work that should fall under the category of Professional and Technical jobs
- Seafarers should be at least of Officer Level and serving for at least 2 continuous years
- An attorney-in-fact is required for overseas workers or seafarer applicants
What are the documentary requirements required?
Basic requirements (for both spouses):
- Housing loan application form (completely filled out and signed)
- Valid government-issued IDs and a recent photo of spouse if married
- Marriage Certificate (if married) and Death Certificate (if widowed)
Employed:
- Certificate of Employment (COE) for both spouses
- Income Tax Return (ITR) for the last two (2) years
Self-employed / Entrepreneurs:
- Business Registration/Permits (SEC or DTI registration, whichever applies)
- Financial Statements for the last two (2) years, In-house and Audited
- Company profile/business background; or
- List of Major Suppliers and Customers with contact details (at least 5)
- Income Tax Return for the last two (2) years
- Latest 6 months Bank Statements/Passbook
Overseas Workers:
- Contract of Employment / Employment Certificate
- History of Employment / Latest Crew Contact (if Seafarer)
- Special Power of Attorney (using the Maybank format)
- Latest six (6) months bank statements/proof of remittance
- Latest ITR (if applicable)
Collateral Requirements
House and Lot:
- Copy of Tax Declaration (Lot and Improvement)
- Copy of Transfer Certificate of Title (TCT)
Condominium:
- Copy of Condominium Certificate of Title (CCT)
- Copy of Master Deed of Declaration and Restriction Copy of Tax Declaration
Home Construction:
- Building Plan
- Bill of Materials/Construction Cost Estimates
Refinancing:
- Updated Statement of Account from the originating institution
***Additional requirements may be required based on the borrower's profile/account/collateral type.
Can I buy a property even outside metro manila?
- Yes, you have the option to purchase a property outside Metro Manila.
How can eCompareMo help me to get the best Home loan deal?
- eCompareMo.com is a one-stop website for the leading financial products in the country. Simply choose a bank product and enter your personal specifications, and the system will provide you with relevant search results. After choosing the right product, eCompareMo also provides you with convenient and FREE application processing assistance.