IN-HOUSE FINANCING AND BANK FINANCING
 

DAYS 1 TO 7 FROM RESERVATION DATE

Upon reservation of your chosen unit, a welcome letter shall be given as gratitude for making DMCI Homes your choice. To facilitate the documentation process and to complete your unit's reservation transaction, you must submit the following documents to your Sales Agent:
 

1. Signed Reservation Agreement and Reservation Fee Receipt
2. Signed Client Registration Form
3. Signed Computation Sheet
4. Photocopy of either Tax Identification No. (TIN) or BIR Form 1904
5. Photocopy of any valid Government issued ID/s with signature
6. Notarized Special Power of Attorney (SPA), for local accounts and Consularized SPA for international accounts (if applicable)
7. Deed of Undertaking for international accounts (if applicable)
8. Proof of Billing Address (must be the latest billing statement)
9. Birth Certificate for Minors / Marriage Contract for Newlyweds without Updated IDs
 

Once all requirements have been submitted, your Sales Agent shall endorse your documents and all other necessary requirements to the Documents and Inventory Control Department for the preparation of the Contract to Sell (CTS).

All documentary requirements and payments must be completed within thirty (30) days. Otherwise, your reservation will be forfeited and cancelled.

DAYS 8 TO 15
Once your documents have been properly endorsed, verification of contact information and personal details will be conducted. Once Notice of Approval has been released, it usually takes one (1) to two (2) working days to prepare your CTS.

DAYS 16 TO 30
Your CTS is now ready to be released and you will be given fifteen (15) days to do the following:
 

1. Review and evaluate the terms and conditions in the Contract to Sell (CTS)
2. Prepare the required number of Post-Dated Checks (PDCs) covering your:
3. 1. If unit is still under construction, PDCs should cover the entire down payment period

   2. If unit is ready for occupancy (RFO), minimum of 24 PDCs
   3. If chosen payment method is cash upon turnover (RFO or NON-RFO), PDCs should cover
        the entire down payment period and balance
   4. If chosen payment method is through bank financing, PDCs should cover the entire down
payment period
   5. If payment period is under 10 years in-house financing, PDCs should cover the entire down
   payment and the first 5 years monthly amortization
 

Should the documents be in order, you will need to sign your CTS and return it to your Sales Agent.

RELEASE OF CTS

Notarized CTS: Thirty (30) days from the date of closing the sale with complete documents.
For In-House Financing, upon clearing of the required down payment and submission of complete PDCs (60), you will be issued a Clearance for Turnover. You will then be endorsed to our Turnover Department unit inspection.

BANK FINANCING PAYMENT TERM

For direct bank financing, a duly accomplished loan application form with the following pre-approval requirements must be submitted to your Sales Agents, preferred accredited bank, or DMCI Homes Bank Financing Helpdesk four (4) months before the due date of the bank financing schedule for processing of your bank loan approval:
IF EMPLOYED WITHIN THE PHILIPPINES

  1. Certificate of Employment (COE) stating annual salary and position
  2. Latest Income Tax Return (ITR)
  3. Pay Slips (past 2 months)
  4. Proof of Billing Address (must be the latest billing statement)
  5. Bank Statements

IF OVERSEAS FILIPINO WORKER (OFW)

   1. POEA Authenticated Contract (seaman)
   2. COE Authenticated by Philippine Consulate (direct hired)

IF SELF-EMPLOYED

  1. Business Name (DTI-Certified) or SEC Registration
  2. Articles of Incorporation and By-laws with SEC Registration Certificates
  3. List of Trade References (at least 3 names and contact numbers of major suppliers and/or customers)
  4. Audited Financial Statements for the past two (2) years
  5. Bank Statements for the past six (6) months
  6. Proof of Billing Address (must be the latest billing statement)

IF PRACTICING DOCTOR

  1. Clinic address/es and schedule
  2. Bank Statements for the past six (6) months

IF INCOME IS FROM RENTAL OF PROPERTIES

  1. List of tenants and rental amount
  2. Complete address/es of properties being rented
  3. Bank Statements for the past six (6) months
 

When approved by your bank, you will be issued a Letter of Guaranty (LOG) which must be submitted to the Financing Department.

Release of your loan normally takes five (5) to seven (7) working days from receipt of conformed LOG, settlement and submission of the following post- approval requirements:

 1. Conformed Letter of Guaranty (LOG) and Deed of
Undertaking (DOU)
2. Signed Loan Documents

 1. Deed of Assignment
2. Promissory Note
3. Real Estate Mortgage
4. Special Power of Attorney
5. Note: Signed & settled to the bank prior to the
release of the Bank Guaranty (Bank Process)

 3. Other requirements

 1. Post-dated checks or Auto-Debit Agreement
2. Mortgage Redemption Insurance (MRI)
     - Insurance of the property to be financed

 1. For Condominiums (Fire/Earthquake
insurance endorsement), policy and
photocopy of the official receipt can be
obtained from the Property
Management office of your project
2. For completed House and Lot, insurance
should be obtained from a reputable
and accredited insurance company
3. Note: Signed & settled to the bank prior to the
release of the Bank Guaranty (Bank Process) |

4. Payment of bank charges, which include Documentary Stamp Tax, Notarial and Mortgage Fees
5. Developer Requirements

1. Payment for the required down payment
amount based on the restructured computation
sheet (if applicable)
2. Full settlement of unpaid down payment (if
applicable)
3. Full settlement of miscellaneous expenses and
other related costs (if applicable)
4. Full settlement of real estate tax (if applicable)
5. Signed Contract to Sell (CTS) and conformed
restructured computation / Statement of
Account (SOA)
6. Note: Signed & settled to DMCI Homes prior to
loan release. (DMCI Homes Process) |

For Bank Financing, upon clearing of the required down payment and bank loan release, you will be issued a Clearance for Turnover. You will then be endorsed to our Turnover Department for unit inspection.
List of Accredited Banks

• BDO
• BPI / BP| Family
• Chinabank / Chinabank Savings
• HSBC
• Malayan Bank
• Metrobank
• PNB
• PSBank|
• Security Bank Savings
• UCPB|
• RCBC Savings Bank
• AUB (Asia United Bank)
• Bank of Commerce
• EastWest Bank
• Maybank
• Philippine Business Bank
• Robinsons Bank

To request for change of payment terms for the balance from In-House Financing to Bank Financing, the same procedure shall be followed. However, upon submission of Letter of Guaranty (LOG) to the Financing Department, the request will be endorsed to the Credit & Collection Department for the issuance of latest statement of account & to the Remedial Department for facilitation of your restructured computation sheet, which normally takes ten (10) working days for releasing from the date of receipt. The restructured computation sheet requires your conformity within five (5) days from the date of issuance. All checks that will mature within thirty (30) days from the date we received the Letter of Guaranty will be deposited and considered in the computation as part of payments made.

PAYMENT VIA REMITTANCE FOR INTERNATIONAL BUYERS

In order to promptly and properly monitor your remittances, DMCI Homes has made arrangement with banks in facilitating remittances with the following procedure:

1. Go to your nearest remittance center / partner bank.
2. Fill-out remittance slip form / remittance application.
3. Inform Collection Center Agent of the remittance amount in peso value. Agent shall convert the peso amount to the equivalent foreign currency.
4. The usual remittance bank charges or service fee will be at the account of the buyer. The service fee will depend on the charges applied by the originating foreign branch or office.
5. A validated Official Receipt (as proof of remittance) shall be issued to the buyer by the Bank's foreign branch or office/remittance center.
6. Remittance will be credited to DMCI Homes account | within 24 hours from date of remittance. Thus, remittance must be made within one (1) working day prior to amortization due date to avoid incurrence of penalties caused by late payment. DMCI Homes will
issue Official Receipt (OR) as proof of payment for the purchased DMCI Homes property based on the date payment was credited to the DMCI Homes account.
7. It is best to keep a copy of the remittance slip or validated official receipt issued by the remittance
center/tie-up bank in case there will be a need to reconcile actual remittances made.
8. Note: Your payment will be applied in the following order.
9. To the expanded value added tax, if any
10. To the penalty due and outstanding charges
11. To the interest due and outstanding charges
12. To any other outstanding charges (taxes, miscellaneous
expenses and other related costs, and other assessment on the property)
13. To the outstanding principal balance
14. If you have multiple units and/or parking slots, payment|
will be applied in the same manner as above, i.e. on all outstanding penalty, interest and other charges of each account prior to allocation on principal.