You are just one step away to securing your Bilkenn Home!
We have a set amount of calendar days to consolidate all the necessary requirements.
Request the complete list of requirements from your broker or from any of our staff.
BANK REQUIREMENTS
For Locally Employed / Self Employed / OFW / Seaman
- Buyer’s Information Sheet
- Duly filled-up & signed Mortgage Loan Application Form of Principal and Co-Borrowers
- If Married, NSO Marriage Contract / If SIngle, NSO CENOMAR. If Applicable, Court Finality on Legal Separation or Annulment Papers
- 2 Valid Government Issued digitized ID with picture of Principal & Co-Borrower
- Photocopy of passport with proof of entry and exit to the country (OFW/Seaman)
- Updated 3-6 Months Bank Statements
- Latest Proof of Billing (Utilities, SOA)
- If with existing loan, SOA reflecting Payment History of the loan for the current year.
- Clearances for any cancelled cards/negative findings
- Certificate of Employment with Compensation, Direct HR-Company Email Address and Contact Number (Locally Employed/OFW) or Crewing Manager Company Email Address & Landline Number at work (Seaman)
- Latest 3 Months Pay Slips
- Latest 3 years ITR 2316
- Qualified Attorney-in-Fact (AIF) with executed Bank Format SPA & Signed Home Loan Application Form (OFW/Seaman)
- Latest 3 Months Proof of Remittances (OFW/Seaman)
- Latest POEA Certified True Copy Contract of Employment (OFW/Seaman)
- Sea Service Certification / Sea Schedule from previous employment (Seaman)
- Valid Business Registration (SEC, Articles of Inc. G.I.S/DTI & Mayor’s Permit) (Self Employed)
- Latest 3 Years B.I.R Filed Business AFS & ITR (Self Employed)
- Last 6 Months Bank Statements where income of business is lodged (Self Employed)
- Landline and Trade Names of 3 DTI/SEC listed Trade Supplies & Clients (Self Employed)
- List of Affiliated Companies or Latest Contracts (Self Employed)
- If available, details of owned operated business branch (Self Employed)
PAG-IBIG REQUIREMENTS
For Locally Employed / Self Employed / OFW / Seaman / Government
- Buyer’s Information Sheet
- Duly filled-up & signed Pag-ibig Housing Loan Form (3 Sets)
- 3 pcs 1×1 ID Picture
- Verified Tax Identification Number (TIN)
- Employee Statement of Accumulative Value (ESAV)
- Birth Certificate. If Married – Marriage Contract
- Foreign Marriage – Passport Copy of Spouse and 2 Valid IDs with 3 signatures
- 2 Valid ID’s (Company/Passport/Government IDs). Photocopy 3 sets with 3 signatures (If Married, please include Spouse IDs; If OFW, Visa Copy/Resident Identity Card)
- Notarized Original Certificate of Employment w/ Compensation (COEC) *Local and Private Employer Only
- Photocopy of COEC and Overseas Employment Certificate (OEC) from POEA (OFW). If Original COEC, provide a Photocopy of Employment Contract from Employer (OFW)
- Photocopy of Employment Contract (OEC) from POEA with E-ticket (Seaman)
- Original Latest 3 months Pay Slip with signature of HR/Employer (Government)
- Online Job – Proof of Income Receipt converted to Philippine Peso like GCASH/Paypal/Bank Statement
- Latest 2 years Bank Statement with Bank Certificate (Online & Commission Basis)
- 2307 and Company Permits (Commission Basis)
- SPA Pag-ibig Format Red Ribbon or Notarize SPA Pag-ibig and Photocopy of Passport with proof of entry and exit in the country (OFW)
- Authorization Letter prior to Employment Verification
- Latest Business Permits – Mayor’s Permit, DTI, COR & 3 Years ITR w/ BIR Stamp of Detailed Business Sketch with Landmark (Self and Locally Employed)
- Latest 24 Months Pag-ibig Contribution; Certificate of Pag-ibig Contribution or Latest Contribution Receipt
- Members Data Form (MDF)
REMINDERS
Cash Payments and Equity Installments
- Post-dated Checks (PDCs) shall be submitted within 15 calendar days from date of signing of the Reservation Agreement
- Failure to submit the PDC’s within the prescribed period nullifies the approval of the Buyer’s Cash Terms or Equity Installments, making the amounts covered immediately due and payable to Bilkenn Corporation
Payment of Foreign Currency
- In case devaluation or depreciation of the Philippine currency should occur to any cause or reason whatsoever, the basis of computation of the total consideration shall be adjusted accordingly to correspond to the value of the Philippine peso at the time of execution of the Reservation Agreement
Payments Made to Agent
- All payments given to brokers and/or employees of Bilkenn Corporation are for transmittal and safekeeping purposes only and shall be recognized upon the issuance of the Provisional Receipts by Bilkenn Corporation
Penalties
- Payments received after due date will incur penalty at the rate of 1/10 or 1% per calendar day of delay of the monthly installment, compounded until the arrears are fully paid
- Acceptance of said payment is not condoning or excusing of any subsequent failure, delay or default in the payments of the buyer
Our Bilkenn Loan Processing Department will assist you!
However, the final assessment that leads to the approval or denial of the loan is up to the financial institutions
Submission of Loan Requirements
- Post-dated Checks (PDCs) – within 15 calendar days from date of signing of the Reservation Agreement
- Documents of Locally Employed / Self Employed – within 30 calendar days from the date of reservation
- Documents of OFW / Seaman – within 45 calendar days from date of reservation
Processing Loan Requirements
- To avail Zero DP Promo – processing starts on the 3rd week from reservation. Thus, complete loan requirements must be submitted within 14 calendar days from reservation
- For 18 months DP – processing starts on the 4th Equity
- For 24 months DP – processing starts on the 7th Equity
Additional Equity
- If the actual loan value approved is lower than the amount applied for loan, the difference shall be paid within 5 calendar days from the Loan Takeout.
- Non-payment is a ground for cancellation of the Agreement and forfeiture of all payments made
Grounds for Cancellation
- Bilkenn Corporation has the right to automatically cancel the Agreement without the necessity of any court order. All payments made shall be forfeited in favor of the Bilkenn Corporation without prior notice in the event of any of the following:
- Withdrawal of the Buyer from the Agreement for any reason whatsoever;
- Failure to submit the complete loan requirements within 30 or 45 calendar days, as the case may be, from the date of payment of reservation fee or failure to submit additional requirements required by the Bank of HDMF within 15 calendar days from notice to the Buyer;
- Failure or refusal of the Buyer to pay the following:
- The Difference on the amount of applied loan and the actual approved loan within the agreed period of payment
- Full Down Payment
- Any installment due, bank charges or interests incidental to the Buyer’s housing loan, any & all interests/penalties/other charges such as but not limited to Miscellaneous and Move-In fees, telephone, cable, electric & water connections and deposits and all other obligations under the Agreement which may have accrued or have been advanced by Bilkenn Corp. PDC’s or any check issued by the Buyer, if dishonored by the bank for whatsoever reason attributable to the Buyer, shall be deemed as non-payment.
- Negligence or desistance to sign the required documents of Bilkenn Corp. or the Bank at Bilkenn’s office or directly at the Bank within 15 calendar days from date of notification;
- Disapproval or denial of the loan application with the financing institution due to misrepresentation committed by the Buyer;
- Failure to comply with any of the provisions of the Agreement
You will be notified by our staff that your application has been approved!
At this point, the Documentation Process is now complete!
