a. Filipino citizens, of legal age but not more than 65 years old upon maturity of the loan.
b. Foreign nationals are allowed for condominium purchases only.
c. If you are a foreign national and married to a Filipino citizen, you may acquire a house and lot provided you first execute an Affidavit of Support and Waiver of Rights over the collateral property.
d. Gross monthly family income of atleast Php 40,000
a. Filipino Individuals or Foreigners with 3 years residency in the Philippines (foreigners qualify if loan purpose is acquisition of a Condominium Unit)
b. Residential real estate property for collateral.
c. Gross monthly family income of at least PhP30,000.
d. If employed, must have a tenure of at least 2 years.
e. If engaged in business, must be operating profitably for the last 2 years.
f. Age of borrower from 21 years and not to exceed 65 years at the time of loan maturity
a. At least 21 yrs old at loan application and not older than 65 yrs old upon loan
b. A Filipino citizen or foreigner with permanent resident visa for the Philippines.
c. A self-employed or fixed income earner.
d. Employed for at least 2 years with current employer.
e. Earning at least Php 30,000 for self-employed individuals, or have the same Gross Monthly Family Income (GMFI) for fixed income earners.
a. A land based (technical or administrative staff/officer) or sea based (officer
rank) OFW in active employment, or renewed/signed a contract at loan
b. For land based OFWs employed less than 2 years: Employed locally in the last 5 years prior to becoming an OFW, or as an OFW with different employers, or a combination of local and overseas employment.
c. For sea based OFWs: Completed a combined contract duration of 24 months with current agency, or 48 months inclusive of previous agencies
d. Earning at least $1,000 for self-employed individuals (equivalent to Php30,000), or have the same Gross Monthly Family Income (GMFI) for fixed income earners.
a. Minimum of P400,000.
b. Maximum of 70% of appraised value of house and lot.
c. Maximum of 60% of appraised value of vacant lot or residential condominium.
d. Up to 80% of appraised value of house & lot not to exceed P5M (provided applicant is employed and purpose is for owner occupancy).
a. Minimum of PhP500,000 but not to exceed PhP25,000,000; up to 80% of the property's appraised value.
a. It depends on the loan collateral:
1. For house and lot collateral the loan collateral ratio is 70%-80%.
2. For condominium with or without parking slot the loan collateral ratio is 60%-70%.
-Maximum of 25 years for house and lot
-Maximum of 10 years for vacant lot and residential condominium.
-Up to a maximum of 10 years for residential lot purchase
-Up to 25 years for house and lot, condo, depending on the loan purpose.
-Maximum of 10 years for lot purchase.
-Maximum of 25 years for house and lot and condominium.