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Now your home can take on many shapes – a vacation, tuition, a new business or even an investment. Maximize the value of your home with the MaxiHome Equity Home Loan. Get it Now!

What’s It All About?

Now owning your own home has extra benefits with MaxiHome Equity Loan.

Maximize your home’s value by using it as equity for a loan to answer your needs. Whether it’s for tuition or travel expenses, further studies, or just simply to make another investment, MaxiHome Equity Loan makes it easy.

You can utilize up to 70% of your home’s appraised value or borrow up to P5 million (whichever is lower).

And with a minimum loan amount of P500,000 and a maximum term of up to 10 years for a residential house and lot, townhouse and condominium borrowing has never been more affordable.

The requirements are very basic and the application process is simple, so why not apply for one today?

Am I Eligible to Apply?

At least 21 years old upon loan application and 70 years old upon loan maturity
Must hold a non-probationary status in current employment
Business has been registered and operational for at least 3 years and operating profitably in the latest year
For overseas workers, must have at least 2 years working experience abroad
An attorney-in-fact is required for overseas workers or seafarer applicants

To know more on the eligibility requirements, you may reach out to any of our Mortgage Loan Officers

Requirements

Basic requirements (for both spouses):

Housing loan application from (completely filled out)
Government Issued IDs
Marriage Certificate (if married) and CENOMAR (if single)

Income/Employment:

If Employed:
1. 3 months payslip
2. Income Tax Return (latest year)
3. Certificate of Employment for both spouses
Self-employed / Entrepreneurs:
1. Business Registration/Permits
2. Latest 2 years Audited Financial Statements
3. Company profile/business background or List of Major Suppliers and Customers with contact details (at least 5)
4. Income Tax Return (latest 2 years)
5. Latest 6 months Bank Statements/Passbook
Overseas Workers:
1. Contract of Employment / Employment Certificate
2. History of Employment / Latest Crew Contact (if applicant is a Seafarer)
3. Special Power of Attorney (using Maybank’s format)
4. Latest 6 months bank statements/proof of remittance
5. Latest ITR (if applicable)

Collateral

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 originating institution
History of payment from originating institution

***Please note that additional requirements may be asked based on the nature of the borrower’s profile / account / collateral type.

Bank’s Forms

Application Form
List of Requirements
Authority to Conduct C.I.
Life Insurance Form
SPA Forms

Interest Rates

1 year fixing : 8.0% p.a.
3 year fixing : 8.50% p.a.
5 year fixing : 9.0% p.a.

Subject to annual repricing thereafter.

Indicative rates only. For final rates you may contact Maybank at (+632) 8588-3888

Guidelines/Pointers

Registered first real estate mortgage (REM) over the financed property.
All properties are subject to appraisal. Appraisal fee is non-refundable.
Payment of Registration Fees, Processing Fees, Insurance Premiums and other incidental expenses are for the borrower’s account.
Monthly amortization may be paid via Post Dated Checks (PDCs) or Auto Debit from client’s MPI CASA account. Repayment will commence after 1 month from loan release.
Loan account is subject for Life/Mortgage Redemption Insurance (MRI) and Fire Insurance (FI) coverage.
Submission of application and requirements can be made to any Maybank branches near you.

Next steps