Requirements Base On Offered Collateral

 

For Land Title Offered Collateral:

• Original Owner’s Copy of Transfer Certificate of Title (TCT)/Original Certificate of Title (OCT)
• Tax Declaration of Land (current year issued certified true copy)
• Tax Declaration of Building, if with improvement(s) (current year issued certified true copy)
• Tax Clearance of Land (current year issued)
• Tax Clearance of Building, if with improvement(s)(current year issued)
• Real Estate Tax Receipt/Official Receipt of Real Property Tax Land & Building (if with improvement)/Amilyar (current year)
• Lot/Subdivision Plan, approved plan if available
• Cancellation/Release of Mortgage (if secured by other financial institution)

For OR/CR (Chattel) Offered Collateral:

• Original copy of Certificate of Registration of unit (CR)
• Updated Original Receipt (OR)
• Cancellation/Release of Mortgage (if secured/encumbered by other financial institution)

For Fixed Deposits Offered Collateral:

• Up to 95% of total amount of fixed deposit of the member (Share Capital, Time Deposits/Special Deposit, Solidarity, Peso Grow, Holiday Savings etc.)