Home Loan Philippines Requirements 2026: Everything You Need to Prepare
Whether you're applying for a new home loan or refinancing an existing one, knowing exactly what documents to prepare can save you weeks of back-and-forth with your bank. Philippine banks are notoriously thorough in their documentary requirements — missing a single page or submitting an expired document can delay your application by a month or more.
This guide consolidates the home loan requirements across all major Philippine banks — BDO, BPI, Metrobank, Security Bank, PNB, RCBC, UnionBank, Chinabank, PSBank, EastWest Bank, and Pag-IBIG — so you can walk into any bank ready to go.
The Three Categories of Home Loan Requirements
All Philippine bank home loan requirements fall into three broad buckets: personal identification, income documents, and property documents. The specific forms vary by bank and applicant type (employed, self-employed, or OFW), but the categories are consistent across the industry.
Category 1: Personal Identification Requirements
Every bank will require at least two valid government-issued IDs. Accepted IDs typically include:
- Philippine Passport
- SSS / GSIS ID
- Driver's License
- PRC ID
- Voter's ID or Voter's Certification
- PhilHealth ID
- TIN ID
- Postal ID (must be the new ID card format)
- National ID (PhilSys)
Beyond IDs, you'll also need to prepare:
- Completely filled-out bank application form (each bank has its own)
- Signed authorization to conduct a credit background check
- Marriage certificate (if married) or birth certificate of dependents
- Certificate of No Marriage / CENOMAR (if single, some banks require this)
Category 2: Income Document Requirements
This is where requirements diverge significantly depending on your employment status. Get the right set of documents for your situation.
For Locally Employed Applicants
- Certificate of Employment (COE) — must be dated within the last 30 days and indicate your position, tenure, and monthly salary
- Latest 1 month payslip (some banks require 3 months)
- BIR Form 2316 — your most recent Annual Tax Return filed by your employer
- Latest Income Tax Return (ITR) — BIR Form 1700, for the most recent taxable year
Banks like BDO and BPI typically require at least 2 years of continuous employment with the same employer, or 3 years combined if you've changed jobs. Security Bank tends to be slightly more flexible on tenure.
For Self-Employed Applicants
- DTI or SEC Registration of your business
- Business permits (Mayor's Permit) for the last 2 years
- BIR Form 1701 (Annual ITR) for the last 2 years, with BIR stamp or e-filing acknowledgement
- Audited Financial Statements (AFS) for the last 2 years, stamped by the BIR
- 6 months bank statements from your primary business account
- Latest 3 months personal bank statements
For self-employed applicants, Metrobank and RCBC are often cited as more accommodating lenders, especially for SME owners whose income may not be fully captured by their ITR.
For OFW Applicants
- Valid Philippine Passport with latest entry/exit stamps
- Valid work contract or employment certificate abroad, authenticated by the Philippine Overseas Labor Office (POLO) or Philippine Consulate
- Proof of remittance — at least 6 months of remittance records or bank statements
- POEA-approved contract (for sea-based OFWs)
- Special Power of Attorney (SPA) — notarized and authenticated, authorizing a local representative to transact on your behalf
- OEC (Overseas Employment Certificate) if applicable
If you're an OFW with an existing Pag-IBIG loan and are considering switching to a private bank for a lower rate, this involves a refinancing process — you can read more about Pag-IBIG home loan refinancing to private banks and what additional documents that process requires.
Category 3: Property Document Requirements
Property documents are the most complex part of the application — and the most common source of delays. Requirements differ depending on whether the property is in a subdivision, a condominium, or a standalone lot.
For House and Lot in a Subdivision
- Transfer Certificate of Title (TCT) — certified true copy from the Registry of Deeds (not a photocopy of your copy)
- Tax Declaration — latest, for both land and improvement, from the City or Municipal Assessor's Office
- Real Property Tax (RPT) Official Receipts — showing payments are current
- Lot plan or location map
- Contract to Sell or Deed of Absolute Sale (if property is being purchased)
For Condominiums
- Condominium Certificate of Title (CCT) — certified true copy from the Registry of Deeds
- Tax Declaration for the unit
- RPT Official Receipts — current
- Condominium Corporation documents — Master Deed, Articles of Incorporation (some banks require these for new lenders)
For Vacant Lots
Note that most banks will not finance a standalone vacant lot unless it is tied to a construction loan. If you're applying for a construction loan, you'll additionally need approved building plans and a Bill of Quantities from a licensed contractor.
Bank-Specific Notes and Variations
While the core checklist above covers most banks, here are notable variations to be aware of in 2026:
- BDO: Requires the latest 3 months payslips for employed applicants (not just 1). Also requires a Vicinity Map for all property types.
- BPI: Accepts electronic copies of ITR with eBIR acknowledgement without requiring a wet-stamped physical copy. Their application portal also allows digital submission of most documents.
- Metrobank: One of the stricter banks on property appraisal — they conduct their own internal appraisal and the loan amount is based on that, not the purchase price.
- Security Bank: Known for faster processing (as quick as 5 banking days for initial approval). Requires their specific application form which must be filled out online via their portal.
- PNB: Requires a Barangay Certificate for the property location in some cases.
- Pag-IBIG / HDMF: Has a unique set of requirements distinct from commercial banks, including a Pag-IBIG membership savings verification and specific HQP forms. Pag-IBIG also accepts a wider range of income sources including informal sector workers with at least 24 months of contributions.
How Long Are These Documents Valid?
A common mistake applicants make is submitting outdated documents. Here are the typical validity windows banks enforce:
- Certificate of Employment: 30 days from date of issue
- Payslips: Must cover the most recent 1-3 months
- Certified True Copies of TCT/CCT: 3-6 months from issuance by the Registry of Deeds (varies by bank)
- Tax Declaration: Usually accepted if dated within the last year
- Real Property Tax receipts: Must show payment for the current year
- Business Permits: Current year's permit required
Tip: Do not request your Registry of Deeds certified copies until you are ready to submit. They expire faster than most people expect, and getting a new one takes 3-10 business days depending on the Registry.
If You're Refinancing: What's Different?
If you already own your home and are refinancing — meaning you're transferring your existing mortgage to a new bank for a better rate — the document requirements are largely the same, with a few additions:
- Your latest Statement of Account (SOA) from your current bank showing your outstanding loan balance
- Proof of 12 months of on-time loan payments (bank statement or payment history printout)
- Original Owner's Duplicate Copy of the TCT/CCT (if you have it — some banks hold this)
One important note: if your credit history has some blemishes, it doesn't necessarily disqualify you. Read our guide on how to refinance your home loan with bad credit in the Philippines for options that may still be available to you.
Refinancing rates today can be significantly lower than what you may currently be paying. The best available rate through Nook is currently 5.99% per annum. On a 3,000,000 loan balance with 20 years remaining, moving from 8.5% to 5.99% would reduce your monthly payment by roughly 4,200 — and save you over 1,000,000 in total interest over the life of the loan.
How Nook Simplifies the Process
Gathering documents for a home loan application is genuinely time-consuming — but knowing what to prepare in advance puts you miles ahead of most applicants. Nook works with all major Philippine banks and helps you identify which bank is most likely to approve your application based on your income type, property details, and loan amount — before you submit a single document.
Our service is completely free for borrowers. We handle the comparison, the negotiation, and the coordination with the bank. You focus on preparing your documents; we handle everything else.