Saturday, December 3, 2022

CHINA BANK HOME LOAN – Required Income In Applying For This Loan

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How Much is the Required Income in Applying for China Bank Home Loan

CHINA BANK HOME LOAN – Here is a guide on the required monthly income in applying for the home loan offers of Chinabank.

Nowadays, you don’t anymore need to have a really huge amount to be able to achieve your dream house. You can just prepare some money for the downpayment and processing, a stable job, and the perseverance to get to your goal.

How is this possible that you can have a house without having a huge amount of money? It is through the loans offered by the different banks in the Philippines. One of them is Chinabank.

China Bank Home Loan

Under the China Bank Home Loan offers, you may purchase a residential property or have your recent purchase reimbursed by the bank. Here is a list of what you may acquire under these loan offers:

  • Vacant Lot
  • House and Lot
  • Condominium Unit

You may also apply for a cash assistance for home construction. The loan offers are also open for home renovation.

In applying for the China Bank Home Loan offers, there are eligibility and documentary requirements that you must meet. The former includes the required monthly income in applying for the offers.

Based on the official website of the bank, the required monthly income in applying for the China Bank Home Loan offers depend on the employment location of the borrower. Here is a guide on how much the applicant must be earning monthly:

  • Php 50,000.00 per month for those within Metro Manila / Metro Cebu
  • Php 30,000.00 per month for those in provincial areas

Aside from the income requirements, the eligibility qualifications includes the age, citizenship, and employment status of the borrower. To know if you are eligible to apply for this loan, you may visit – CHINABANK HOME LOAN – Who Are Eligible To Apply For This Loan Offer.

The requirements in applying depend on the purpose of the loan application. You may visit the official website of the bank to check on what you have to prepare – Chinabank.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: CHINABANK LOANS – Full List of China Bank Loan Offers You May Apply For

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