| Loan Purposes |
• House construction
• Purchase of house and lot
• Purchase of townhouse or condominium
• Purchase of lot
• Home improvement
• Refinancing of existing housing loan
|
| Loanable Amount |
• Minimum of P300,000
• Up to a maximum of 70% of appraised value of the land and/or improvements for loans of P3.5M and below
• Up to 60% on vacant lots
|
| Acceptable Collateral |
Any real estate property with a Transfer Certificate of Title free from any lien or encumbrance |
| Interest Rate |
• 8.00% p.a. 1 year fixing
• 8.50% p.a. 2 to 3 years fixing
• 9.75% p.a. 4 to 5 years fixing
• 10.75% p.a. 10 years fixing
• 11.25% p.a. 15 years fixing
|
| Repayment Term |
Payment on either equal monthly or quarterly amortization of principal and interest, up to a maximum 15 years to pay depending on age and purpose of home loan |
| Loan Purposes |
• Additional working capital for existing business
• Purchase of small commercial real estate (not to exceed P10M)
• Construction of small factories, warehouses, or offices (not to exceed P10M)
|
| Maximum Term |
• 5 years
|
| Interest Rate |
• 9.00% p.a. 1 year fixing
• 9.50% p.a. 2 to 3 years fixing
• 10.75% p.a. 4 to 5 years fixing
|