OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
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  Bank of MakatiAddress:
No. 44 Sen. Gil Puyat Avenue, Makati City 1234
(02) 889-0000 (Connecting All Departments)

Customer Service Hotline:
(02) 889-0000 loc. 902
     

Brief history

Although built upon a five-decade-old institution, Bank of Makati is relatively a new organization and an entirely different entity in terms of ownership, management, character and vision. The Bank started its operations on September 22, 1956 at J.P. Rizal Street in Makati.

In October 2001, the bank's ownership changed hands. Not only was fresh capital infused into the Bank's financial stream, but fresh blood was also injected as a new and dynamic team took over its reins. In November 2005, the Bank officially changed its corporate name from Rural Bank of Makati, Inc. to Bank of Makati (A Rural Bank), Inc.

"It was in 2006 when Bank of Makati achieved perhaps its greatest milestone when it reached the elite list of Top 1000 Corporations in the Philippines for that year, the first rural bank to do so," Business World Corporate Profiles 2008 said. With total assets of Php5.2 Billion and a net worth of over Php800 Million, the Bank was recognized during the same year as the biggest rural bank in the Philippines, bigger, in fact, than most savings banks.

In 2009, the Bank sported a new logo. Corollary to this, a new tagline: "Malalapitan, Maaasahang Kaibigan." came into being, depicting the Bank as a friend who reaches out, understands, and can be counted on in times of need.

Since its acquisition in 2001, Bank of Makati's growth is nothing short of phenomenal. From a capitalization of Php1.0 Million, its total equity stood at Php5.0 Billion and its total assets at Php19.1 Billion as of end of fiscal year 2011. To date, the bank network consists of 17 branches and 23 loan centers situated in key urban centers throughout the archipelago. To start the new decade in 2011, the new 3-year strategic plan for 2011-2013 that will direct the course of the bank is both a reminder not to rest on past laurels and a challenge to surpass what has been achieved.

With the right combination of a bigger manpower complement, now at a headcount of more than 2,000, the creation of departments/units, the right-sized technology infrastructure, continuing skills enhancement programs, and commitment to the Bank's mission, vision and core values, Bank of Makati sees no let up in getting past where it is now in its bid to make a significant contribution to nation-building. It is committed to serve and to make better banking options available to the public.


Housing Loans (for Individuals)

 
Product Description
Purchase of house & lot, condominium unit, residential construction and renovation and refinancing of an existing mortgage loans.
Features
  • Minimum loan amount of Php300,000
  • Use the loan amount for the following:
    1. Purchase of house and lot or condominium unit
    2. House construction or house renovation
    3. Refinancing of an existing mortgage with an institution acceptable to the bank
    4. Combination of loan purposes (shall be  limited to the following) like purchase of Lot and construction of a residential unit thereon and purchase of a residential unit wit home improvements
    5. Refinancing of a lot loan with construction of a residential unit thereon
    6. Refinancing of a residential unit with home improvement
  • Interest rate - prevailing interest rate at the time of availment, to be repriced annually or on specified review   periods
  • Term of 3 to 10 years
Documentary Requirements
For Employed
  • Certificate of Employment
  • ITR for 3 years
  • Payslip for the last 3 months
  • Latest Bank Statement (6 months)
  • 2 Valid Government issued IDs
  • Photocopy of Birth Certificate
  • Photocopy of Marriage Certificate (for Married)
  • 2 pcs of 2 x 2 ID pictures
For Business
  • Business Registrations
  • Billing Statement
  • List of Suppliers with contact person and number
  • List of Customers with contact person and number
  • ITR for the last 3 years
  • Latest Bank Statement (6 months)
  • Audited Financial Statement (3 years)
  • 2 Valid Government issued IDs
  • Photocopy of Birth Certificate
  • Photocopy of Married Certificate (for Married)
  • 2 pcs of 2 x 2 ID pictures
For the collateral
  • Transfer Certificate Title or Condominium  Certificate Title
  • Tax Declaration
  • Location  Map
  • Letter of Authority to conduct Credit Investigation/Appraisal
Loan Application Procedure
  • The borrower shall fill-out  Bank of Makati’s (BMI Loan Application form
  • The borrower shall complete and submit to BMI the documentary requirements needed for the processing of the loan
  • An NFIS/CMAP verification shall be conducted by BMI while the borrower is completing the documentary requirements needed by BMI
  • Upon completion of the documents, an appraisal fee shall be paid by the borrower for the evaluation of collateral being offered
  • The borrower will be notified by Bank of Makati of the status or approval of his/her loan
  • The borrower shall sign loan documents such as promissory notes, real estate mortgage, etc.
  • The borrower shall submit post-dated checks to Bank of Makati equivalent to the loan’s monthly amortization
  • The loan proceeds will be released by Bank of Makati via Manager’s check or credit to the borrower’s account

 

     
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creba   CREBA
Chamber of Real Estate and Builders' Associations
oshdp   OSHDP
Organization of Socialized Housing Developers of the Philippines
shda   SHDA
Subdivision and Housing Developers Association
     

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