Housing LOAN
Housing LOAN
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LOANABLE AMOUNT |
House Construction – Maximum of P 1,000,000.00 House Repairs/Renovation – Maximum of P 500,000.00 Equity Loan – Maximum of P 500,000.00
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INTEREST
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P 150,000.00 – 250,000.00 8% p.a. 251,000.00 – 350,000.00 8.5% p.a. 351,000.00 above 9% p.a.
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PENALTY | 1% per month
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PROCESSING FEE |
P 150,000.00 and below – P 200.00 151,000.00 – 250,000.00 – 400.00 251,000.00 – 350,000.00 – 600.00 351,000.00 – 450,000.00 – 800.00 Over 450,000.00 – 1,000.00 |
OTHER CHARGES |
Premium Insurance which will depend on the amount of loan
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TERM OF LOAN |
Depends on the amount of loan- Maximum of ten (10) years
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MODE OF PAYMENT |
Straight Amortization thru payroll deduction or Issuance of Post-dated checks
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