Housing LOAN
Housing LOAN
|
|
| 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
|
|
INTEREST
|
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.
|
| PENALTY | 1% per month
|
| 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
|
| TERM OF LOAN |
Depends on the amount of loan- Maximum of ten (10) years
|
| MODE OF PAYMENT |
Straight Amortization thru payroll deduction or Issuance of Post-dated checks
|
