Real Estate Loan is a loan facility extended to qualified individuals/companies for the purpose of financing acquisition of lot, condominium unit or townhouse, construction of house, renovation or expansion of an existing house, refinancing of an existing mortgage or multi–purpose.

The granting of Real Estate Loans shall be based primarily on the borrower’s credit worthiness, character and reputation, ability to repay the loan, stability of source of repayment and collateral offered.

BORROWER’S ELIGIBILITY:

• Any individual, partnership or corporation who has the legal capacity to contract and encumber real property under the Philippine Laws
• The individual borrower must be 21 years of age at the point of loan application and should not be more than 65 years old (employed) or 70 years old (self-employed) on maturity of the loan
• For married individuals, the spouse shall be the co-maker, except in cases when the other spouse’s signature cannot be secured such as:
  – If the borrower is legally separated, an authenticated photocopy of Court Order shall be required
  – If the borrower is de facto separated, an affidavit to that effect shall be required, stating further that the repayment of the loan shall come solely from the income of the principal borrower
• For pre-selling, only buyers of accredited developers shall be eligible and shall be subject to eligibility requirements stated above

Customer’s Benefits:

• Convenience – loans are processed at the earliest possible time
• Affordability – interest rates are low and payment terms are comfortable and easy on the budget
• Flexibility – maybe granted for acquisition, construction and investment
  – Payment schedules are comfortable and worry-free
• Efficient and Personalized Service – efficient staff of UCPB Savings will promptly answer question and offer assistance with a personalized touch

REQUIREMENTS:

1. Individual
   • Marriage contract, if married
   • If current employment contract or Certificate of Employment does not include compensation, another document to substantiate income shall be required (Latest ITR/Form 2316 or latest three (3) month pay slip
   • Certificate of Employment (if employed)
   • Latest “1 x 1 ID” Picture
   • Two (2) Valid IDs
   • Proof of Billing
2. Sole Proprietorship
   • Income Tax Return
   • Latest Audited Financial Statements
   • Latest In-House Financial Statements (if necessary)
   • Bank statement
   • List of customers and suppliers
   • Certificate of Registration of Business/Trade Name with DTI
   • Affidavit of Application of Business Name
   • Two (2) Valid IDs of the Proprietor, if married
   • Proof of Billing
3. Partnership
   • Income tax return
   • Latest audited financial statements
   • Latest in-house financial statements (if necessary)
   • Bank statements
   • List of customers and suppliers
   • Articles of Partnership with SEC Certificate of Registration
   • By-Laws with SEC Certificate of Filing
   • Affidavit of Application of Business Name
   • Notarized Partnership Resolution
   • Two (2) Valid IDs of the Signatory/ies of the account
4. Corporation
   • Income tax return
   • Latest audited financial statements
   • Latest in-house financial statements (if necessary)
   • Bank statements
   • List of customers and suppliers
   • Articles of Incorporation with SEC Certificate of Registration
   • By-Laws with SEC Certificate of Filing
   • Notarized Board Resolution or Notarized Secretary’s Certificate indicating the following:
     1. To avail loan at USB
     2. The type of loan to be availed
     3. The amount of loan
     4. The property to be used as collateral
     5. The name of the authorized signatories to the account
     6. The signature combination/s
   • Two (2) Valid IDs of the signatory/ies of the account

Additional requirements:

• • Collateral Information
    – Photocopy of the title
    – Certified lot plan and location / vicinity map
    • If loan is for construction / renovation
      – Bill of materials
      – Building plans and specifications
    • If loan is for refinancing
      – Statements of account from the creditor / mortgagor

• – Appraisal Fee (Effective March 4, 2017)
  • • P3,500 within Metro Manila
    • P4,000 outside Metro Manila

• • Insurance requirements
    1. Mortgage Redemption Insurance (MRI) or Life Insurance endorsed by the borrower to USB which shall guarantee the payment of the outstanding real estate loan in case of death of the principal borrower before the maturity of the loan.
       This shall be compulsory to all borrowers regardless of age.
    2. Fire insurance coverage on the improvement equivalent to its appraised value.
       Premium payments shall be paid annually by the borrower.