Housing Loan Guide · Philippines
Transferring your existing housing loan balance to a new bank, usually for better terms.
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 Loan Take-Out (or refinancing) moves your existing housing loan balance — whether owed to a developer, Pag-IBIG, or another bank — to a new lender offering better interest rates or terms. The new bank essentially pays off your old balance and takes over the loan, so your Statement of Account and payment history from the current lender become central documents. Below is the complete, up-to-date checklist for a Corporation borrower pursuing a Loan Take-Out 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.
The property passes appraisal and title verification.
The bank formally guarantees the loan to the seller or developer.
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
No — your Statement of Account and payment history from your current lender are required precisely so the new bank can verify your track record and compute your remaining balance.
It depends on the interest rate difference and any prepayment penalties from your current lender — worth comparing both before switching.
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