Search for Financing

An important factor to turn a real property into a steady income generating source is to get an excellent financing for the property. We searched different major banks for their housing loan programs and most would offer interest rates for 11-12% p.a. fix for a period of 15-20 years. 1. Banco De Oro offers the most competitive rates with fast processing of 10 days. Call 631-8000 or 1-800-10-6318000 (Domestic Toll-Free) http://www.bdo.com.ph/Personal/Loans/BDOHomeLoan.asp Budget and project your expenses, knowing your rate and payments will stay the same. You have an option to fix interest rates up to 20 years based on prevailing home loan rate. Fixed Rates (as of August 11, 2010): 7.88% fixed for 1-3 years 9.75% fixed for 4-5 years 10.50% fixed for 6-10 years 11.00% fixed for 11-15 years 11.50% fixed for 16-20 years Yearly repricing after the fixing period Appraisal Fee P3,500 Appraisal Fee outside Meto Manila P4,000 Processing Fee P3,000.00 Mortgage Redemption Insurance P4,430.00 for every million, assuming standard rating Fire Insurance Depends on the appraised value of the Improvement Mortgage Registration Expense (based on loan amount) Depends on the loan amount
2. RCBC Savings Bank also offers special housing loan packages for first time and existing homeowners through the Home Starter and Home Budgeter Loans. HOME STARTER LOAN The Home Starter Loan is created for First Time Homeowners with an innovative repayment feature. It comes with a grace period on amortization payments of up to 12 months to allow new homeowners to introduce home improvements before regular loan amortizations commence. HOME BUDGETER LOAN The Home Budgeter Loan is ideal for existing homeowners who want to lighten their debt burden by borrowing against the value of their home to pay-off and/or consolidate financial obligations and consumption-related expenses, e.g. tuition, travel, hospitalization, etc. APPLICATION REQUIREMENTS Employed Accomplished Application Form Certificate of Employment and Compensation ID cards TIN Residence Certificate Photocopies: TCT, Tax Declaration, Tax Receipt, Tax Clearance Location plan/vicinity map of property Building Plans/Bill of Materials (for construction) Statement of Account (for take-out of existing housing loan)  For more details, please call: DIRECT HOUSING LOANS DEPARTMENT 637-3152; 634-9503; 633-9505 DEVELOPER GENERATED HOUSING LOANS DEPARTMENT 633-9487; 637-7140; 637-7287 3. Security Bank For any inquiries: Please call (02)888-7138/ (02)867-6788 or email inquiry@securitybank.com 4. Allied BAnk You can also call: Mr. Robert Aragon Assistant Vice President Consumer Loans Department Email: rtaragon@alliedbank.com.ph Tel nos. 816-3311 local 3039, 3075, 3087 Or you can visit us at: 5th Floor Consumer Loans Department Allied Bank Center 6754 Ayala Avenue, Makati City 5. HSBC 6.99% for the first year Call us Metro Manila 02-85800 or 976-8000 Provincial1-800-1-888-8555 Abroad +632-8580000 Current promo of waived mortgage fees for every million: of about Php33,846   6. UCPB
	Lee De Claro, yldeclaro@ucpb.com
	Tel No: (632) 878-5030