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China Banking Corporation

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China Bank provides a wide range of banking services through its over 600 branches and 931 ATMs nationwide (including thrift bank subsidiary, China Bank Savings). The Bank serves the corporate, commercial, middle, and retail markets with a wide range of domestic and international banking services.

From a strong foundation, China Bank has since been involved with strategic alliances to expand and strengthen its operations. In 2007, China Bank entered into a bancassurance joint venture (Manulife China Bank Life, MCBL), with Manulife Phils., and acquired The Manila Bank Corporation - which was re- launched as China Bank Savings. Its recent deal acquiring a majority stake in Planters Development Bank (Plantersbank) strengthens China Bank's presence and support to the SME sector, a market segment that China Bank has long been associated with.

China Bank remains one of the most respected, trusted, stable and profitable financial institutions in the country with over nine decades of solid financials, a strong commitment to personal, quality service, and significant contributions to the country’s financial landscape. China Bank has an enduring legacy of successful partnerships with generations of clients trusting the Bank with their wealth and future.

Specialising in:
Auto Loans
Home Loans
Personal Loans
Credit Cards

Head Office
China Bank Building, 8745 Paseo de Roxas corner Villar St, Makati City 1226 Philippines

China Banking Corporation

China Bank provides a wide range of banking services through its over 600 branches and 931 ATMs nationwide (including thrift bank subsidiary, China Bank Savings). The Bank serves the corporate, commercial, middle, and retail markets with a wide range of domestic and international banking services.

From a strong foundation, China Bank has since been involved with strategic alliances to expand and strengthen its operations. In 2007, China Bank entered into a bancassurance joint venture (Manulife China Bank Life, MCBL), with Manulife Phils., and acquired The Manila Bank Corporation - which was re- launched as China Bank Savings. Its recent deal acquiring a majority stake in Planters Development Bank (Plantersbank) strengthens China Bank's presence and support to the SME sector, a market segment that China Bank has long been associated with.

China Bank remains one of the most respected, trusted, stable and profitable financial institutions in the country with over nine decades of solid financials, a strong commitment to personal, quality service, and significant contributions to the country’s financial landscape. China Bank has an enduring legacy of successful partnerships with generations of clients trusting the Bank with their wealth and future.

Specialising in:
Auto Loans
Home Loans
Personal Loans
Credit Cards

Head Office
China Bank Building, 8745 Paseo de Roxas corner Villar St, Makati City 1226 Philippines

BEGINNER’S GUIDE

China Bank Home Loans

Owning a home is something everyone hopes to achieve one day. But, spending several years saving up to buy a home is not the only option that aspiring homeowners have. A great alternative to this is applying for a home loan.

In this article, we’ll introduce the basics of the China Bank home loan and help you decide if this is the right home loan for you!

What is the China Bank Home Loan?

China Bank’s home loan program allows borrowers to buy a house and lot, a condo, or a townhouse. Besides this, you can also acquire a vacant lot and even construct or renovate your home.

What Makes the China Bank Home Loan Unique?

Transparent Dealings

Borrowers will never be surprised with hidden charges since China Bank makes sure to disclose all fees upfront.

Convenient Loan Payment

Borrowers can pay off their loan with an automatic debit arrangement with China Bank.

Advisory Services

If you are unsure of what kind of home is best for you, China Bank has a team of credible home developers who are ready to assist you.

What Are the China Bank Home Loan Terms?

The China Bbank home loan requires a minimum loan amount of P500,000. China Bank also has flexible loan repayment terms depending on the type of property you purchase.

 ● Condo Units - up to 10 years
 ● Vacant lot - up to 15 years
 ● House and lot - up to 25 years

Am I Eligible for the China Bank Home Loan?

Borrowers who meet the criteria below may avail of the China Bank home loan:
Filipinos of legal age but not more than 65 years old upon loan maturity
With a steady and verifiable source of income
Has a supervisory/managerial position at a reputable company for at least three years
Minimum gross monthly income of P50,000 for Metro Manila and Cebu
Minimum gross monthly income of P35,000 for other provinces

If you want to learn more, book a free consultation with our friendly home loan experts.

What Are the Requirements of the Chinabank Home Loan?

All borrowers are required to submit the documents below:

General Documents:

These are the following
Accomplished China Bank HomePlus Loan application form
Valid IDs (TIN, passport, company ID, driver’s license)
Marriage contract (if married)
Deposit Statements of Accounts for the last six months

Income Documents:

Depending on your employment classification, the following additional documents may be asked from you.

If Locally Employed
Latest Income Tax Return (ITR) / W-2 Form
Certificate of Employment indicating length of service and monthly compensation package
If Self Employed
Audited Financial Statements and ITR for the last 3 years (BIR stamped)
Certificate of Registration of Business Name
Business Profile
Complete list of Suppliers and Clients
If OFW (documents have to be authenticated by the Philippine Embassy/Consul if issued abroad):
Certificate of Employment stating length of service and monthly compensation package
POEA Contract
ITR (if any)
Payslips (last 6 months)
Special Power of Attorney (Bank Form)

Collateral Documents:

These are the following
Condominium Certificate of Title of unit and parking lot (if any)
Current Tax Declaration (unit and parking lot, if any)
Current Tax Receipts (unit and parking lot, if any)
Location Plan
Occupancy Permit

How Do I Apply for a ChinaBank Home Loan?

While borrowers may apply for the China Bank home loan directly through the bank, this can be a stressful and time-consuming process. Applying for a home loan involves filling-out, compiling, and submitting a number of documents that can be too much for one person to handle. But with Nook’s help, we can simplify things for you! Nook will handle the entire application process and keep you constantly updated regarding your progress. The only time you’ll need to step inside the bank is when your home loan gets approved. On top of this, Nook’s services are 100% free of charge!

With a home loan, your dreams of owning your own home may happen sooner than expected. Use Nook’s pre-qualification tool by clicking the button below to check whether you qualify for the China Bank home loan in just 3 minutes.

BEGINNER’S GUIDE

China Bank Home Loans

Owning a home is something everyone hopes to achieve one day. But, spending several years saving up to buy a home is not the only option that aspiring homeowners have. A great alternative to this is applying for a home loan.

In here, we’ll introduce the basics of the China Bank home loan and help you decide if this is the right home loan for you!

What is the China Bank Home Loan?

China Bank’s home loan program allows borrowers to buy a house and lot, a condo, or a townhouse. Besides this, you can also acquire a vacant lot and even construct or renovate your home.

What Makes the China Bank Home Loan Unique?

#1 Transparent Dealings

Borrowers will never be surprised with hidden charges since China Bank makes sure to disclose all fees upfront.

#2 Convenient Loan Payment

Borrowers can pay off their loan with an automatic debit arrangement with China Bank.

#3 Advisory Services

If you are unsure of what kind of home is best for you, China Bank has a team of credible home developers who are ready to assist you.

What Are the Chinabank Home Loan Terms?

The China Bank home loan requires a minimum loan amount of P500,000. China Bank also has flexible loan repayment terms depending on the type of property you purchase.
● Condo Units - up to 10 years
● Vacant lot - up to 15 years
● House and lot - up to 25 years

Am I Eligible for the China Bank Home Loan?

Borrowers who meet the criteria below may avail of the China Bank home loan:
● Filipinos of legal age but not more than 65 years old upon loan maturity
● With a steady and verifiable source of income
● Has a supervisory/managerial position at a reputable company for at least three years
● Minimum gross monthly income of P50,000 for Metro Manila and Cebu
● Minimum gross monthly income of P35,000 for other provinces

What Are the Requirements of the China Bank Home Loan?

All borrowers are required to submit the documents below:

General Documents:
● Accomplished China Bank HomePlus Loan application form
● Valid IDs (TIN, passport, company ID, driver’s license)
● Marriage contract (if married)
● Deposit Statements of Accounts for the last six months

Income Documents:
Depending on your employment classification, the following additional documents may be asked from you.
If Locally Employed
● Latest Income Tax Return (ITR) / W-2 Form
● Certificate of Employment indicating length of service and monthly compensation package

Self-Employed
● Audited Financial Statements and ITR for the last 3 years (BIR stamped)
● Certificate of Registration of Business Name
● Business Profile
● List of trade references (at least 3 names with telephone nos. of major suppliers/customers)

If OFW (documents have to be authenticated by the Philippine Embassy/Consul if issued abroad):
● Certificate of Employment stating length of service and monthly compensation package
● POEA Contract
● ITR (if any)
● Payslips (last 6 months)
● Special Power of Attorney (Bank Form)

Collateral documents:
● Condominium Certificate of Title of unit and parking lot (if any)
● Current Tax Declaration (unit and parking lot, if any)
● Current Tax Receipts (unit and parking lot, if any)
● Location Plan
● Occupancy Permit

How Do I Apply for a China Bank Home Loan?

While borrowers may apply for the China Bank home loan directly through the bank, this can be a stressful and time-consuming process. Applying for a home loan involves filling-out, compiling, and submitting a number of documents that can be too much for one person to handle. But with Nook’s help, we can simplify things for you! Nook will handle the entire application process and keep you constantly updated regarding your progress. The only time you’ll need to step inside the bank is when your home loan gets approved. On top of this, Nook’s services are 100% free of charge!

With a home loan, your dreams of owning your own home may happen sooner than expected. Use Nook’s pre-qualification tool to check whether you qualify for the China Bank home loan in just 3 minutes.

Nook - Contact Us

Need help deciding which is right for you?
Talk to an expert

Book a 30-minute session and we can discuss your home loan needs and help you decide. Or chat to an expert right now.

Need help deciding which is right for you? Talk to an expert

Book a 30-minute session and we can discuss your home loan needs and help you decide. Or chat to an expert right now.

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