Housing Loan Guide · Philippines
Building on a lot you already own.
When the borrower is a company rather than an individual, the paperwork shifts toward corporate governance — SEC registration, Articles of Incorporation, board resolutions naming who's authorized to sign, and two years of audited financials. It's the most document-heavy borrower category, but it's also how businesses acquire commercial or investment property under the company's name rather than a personal one. A Construction Loan funds the building of a home on land you already own. Because there's no existing structure to appraise yet, banks instead evaluate your building plans, bill of materials, and scope of work — and typically release funds in stages tied to construction progress rather than as one lump sum. Below is the complete, up-to-date checklist for a Corporation borrower pursuing a Construction loan in the Philippines — 13 borrower-side documents plus everything the bank needs on the property side.
Process
Submit and complete all borrower and loan documents listed above.
You're confirmed income-qualified and cleared to proceed.
Both your income and the collateral property are fully verified.
The bank drafts your mortgage and loan agreement documents.
You sign the finalized loan documents in person or via your attorney-in-fact.
The loan is officially annotated on the property's title.
Funds are disbursed and the process is complete.
Pre-Approval
Pre-Approval
What Happens Next
You're confirmed income-qualified.
Income Matching
Your monthly amortization should be 50% or below of your monthly income.
GMIR = 50% of Monthly Income
Adjusted GMIR = GMIR − Existing Monthly Amortizations
Loan Amount = Adjusted GMIR × (1 − (1 + r/12)⁻ⁿˣ¹²) / (r/12)
Post-Approval
FAQ
Yes, you must already own the land — the bank requires your Owner's Duplicate Copy of Title and Tax Declaration for the lot before releasing construction funds.
No. Construction loans are typically released in stages, tied to verified progress against your building plans and bill of materials.
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