In aid of giving useful information for Filipinos who are looking to borrow money from private lending companies or banks in the Philippines, I have listed below the different and currently existing documentary requirements as per type of loan to apply for – collateral and non-collateral loans in the Philippines.

Basic Car Loan Requirements

• Completely filled up application form
• 2 valid IDs (must have same address as the proof of billing)
• Original proof of billing (only electric or water bill allowed and must have same address as the 2 valid IDs
• TIN ID
• Proof of income (DTI or SEC if with business / 1 month latest payslip and COE if with regular job / contract of lease if with property for rent / remittance receipts of voucher if with remittance coming from abroad / bank statement if have pension
• Stencil of engine and car chassis number (to be done at the lending office vicinity)
• Picture of the vehicle (to be done by account officers and stencil officers)
• Photocopy of OR CR (original to be surrendered upon claim of loan money)

Basic House and Lot Loan Requirements

• Certified true copy of TCT (transfer certificate of title)
• Updated RETR and tax declarations of the property to be used as collateral
• 2 valid primary IDs
• Vicinity map and latest picture of the house
• Proof of income of the borrower (DTI if with Business / 3 months payslip and COE if with regular job / Remittances and vouchers if with somebody sending monthly money
• Latest tax identification number (TIN)
• 6 months latest bank statement of account

Basic Seaman Loan Requirements

• Completely filled up application form by borrower and co-borrower
• POEA validated latest contract
• Passport (must be latest and valid)
• SRC
• Seaman’s book
• Allotment slip of allotment certificate
• 2 valid primary or government-issued IDs
• Marriage contract or birth certificate of children if married
• Original proof of billing (only electric or water bill allowed)

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