This refers to the amortized cost of loans extended by banks incorporated under the laws of the Philippines, whether Philippine or foreign owned, to finance educational institutions, cooperatives, hospitals and other medical services, socialized or low-cost housing and to local government units, without national government guarantee.These shall be included for purposes of determining compliance with the provisions of PD 717.
Loanable Amount : Amount:Based on capacity to pay and Loanable Value of collateral
Term : 1-5 years (amortization) subject to Management approval for longer term
Interest rate : as low as 9%
Collateral : Real Estate
Loanable Amount
Based on capacity to pay and Loanable Value of collateral
Term
1-5 years (amortization) subject to Management approval for longer term
Interest rate
as low as 9%
Collateral
Real Estate
List of Requirements
• Latest Certified Copy of Title
• Latest Certified Copy of Tax Declaration for Lot and Bldg. (if any)
• Current Realty Tax Receipt
• Location Plan
• Proof of Income (AFS and Annual ITR for Loans above 3 million)
• Proof of Purpose
• Valid ID (TIN and other Govt ID)