Requirements

 
 
Only 20% Deposit Needed approved house loan in cebu

  • 2 Valid ID with at least one being issued by a Government
  • Post Dated Checks or International Bank Transfer (IBAN)
  • Fire Insurance
  • Proof of Buyers Address
  • (Optional) Mortgage Redemption Insurance)

 
 

Interest Rates

 
 

LOAN AMOUNT (PHP)

Term (Years)

< 1.75M

1.76-2.99M

3.0M-4.49M

4.5M-5.99

6.0M+

1-2

7.50%

7.25%

7.00%

6.75%

6.50%

3-4

8.50%

8.25%

8.00%

7.50%

7.00%

5

9.00%

8.75%

8.50%

8.00%

7.50%

6-10

9.25%

9.00%

8.75%

8.50%

8.00%

 

 

Other financing can be done via Filipino banks and Pagibig who normally have a higher deposit requirement plus will also need income statements and credit checks but the plus side is their interest rates are slightly lower and you can mortgage for up to 30 years where as in house financing is only for a maximum of 10 years.

Buying without financing can give you the benefit of an approximate 8% discount