HQP-AAF-007
CHECKLIST OF REQUIREMENTS FOR PURCHASE OF ACQUIRED ASSETS
(Thru Long Term Installment Sale)
BASIC REQUIREMENTS (UPON LOAN APPLICATION)
1. Offer to Purchase (2 copies, HQP-AAF-004)
2. Buyers Information Sheet with recent ID photos of Buyer (2 copies, HQP-HLF-104)
3. Proof of Income (see details at the back)
4. One (1) valid ID (Photocopy, back-to-back) of Principal Buyer and Spouse, Co-Buyer and Spouse, if
applicable
REQUIRED DOCUMENTS (UPON LOAN APPROVAL)
1. Deed of Conditional Sale (HQP-AAF-141) between Pag-IBIG Fund and the Buyer
2. Disclosure Statement on Buyers Transaction (HQP-AAF-143)
For other applicable requirements, please refer at the back portion of the form.
Pag-IBIG Fund reserves the right to request additional documents to facilitate loan evaluation process.
(V02, 07/2016)
INCOME DOCUMENTS: ADDITIONAL REQUIREMENTS (if applicable only)
For Locally Employed, any of the following: Upon Loan Application
a. Notarized Certificate of Employment and Compensation (CEC), Deed of Extra-Judicial Settlement of Estate
indicating the gross monthly income and monthly allowances or
For OFW members
monthly monetary benefits received by the employee
b. Latest Income Tax Return (ITR) for the year immediately preceding Special Power of Attorney (SPA) notarized prior to date of departure.
the date of loan application, with attached BIR Form No. 2316, For OFW member abroad, a SPA notarized by a Philippine Consular
stamped received by the BIR Officer, or SPA notarized by a local notary (of the country where the
c. Certified One (1) Month Payslip, within the last three (3) months prior member is working) but duly authenticated by the Philippine Consulate.
to date of loan application The Fund may also require any or a combination of the following
NOTE: For government employees, the Certified One (1) Month documents:
Payslip, within the last three (3) months prior to date of loan - Payslip indicating income received and period covered
application, must be submitted together with CEC or ITR. - Valid OWWA Membership Certificate
For Self Employed, any of the following Proof/s of Income: - Overseas Employment Certificate
a. ITR, Audited Financial Statements, and Official Receipt of tax - Passport with appropriate visa (Working Visa)
payment from bank supported with DTI Registration and Mayors - Residence card/permit (permit to stay indicating work as the purpose)
Permit/Business Permit - Bank remittance record
b. Commission Vouchers reflecting the issuers name and contact - Professional License issued by Host Country/Government
details (for the last 12 months) NOTE: If documents are in foreign language/s, English translation is
c. Bank Statements or passbook for the last 12 months (in case income required.
is sourced from foreign remittances, pensions, etc.) Insurance Coverage
d. Copy of Lease Contract and Tax Declaration (if income is derived a. Health Statement Form (Medical Questionnaire)
from rental payments)
For borrowers over 60 years old
e. Certified True Copy of Transport Franchise issued by appropriate
government agency (LGU for tricycles, LTFRB for other PUVs) For borrowers up to 60 years old, if loans is over P2.0 M to P6.0 M
f. Certificate of Engagement issued by owner of business b. Health Statement Form (Medical Questionnaire) and Copy of the result of
g. Other document that would validate source of income medical examination conducted prior to assignment overseas as required
For Overseas Filipino Workers (OFW), any of the following: by the employment agency
For OFW borrowers over 60 years old
a. Employment Contract
Employment Contract between employee and employer; or
POEA Standard Contract
b. Certificate of Employment and Compensation (CEC)
CEC written on the Employer/Companys official letterhead; or
CEC signed by employer (for household staff and similarly situated
employees) supported by a photocopy of the employers ID or
passport
c. Income Tax Return filed with Host Country/Government
NOTE: If documents are in foreign language/s, English translation is
required.
