Monday, March 3, 2014

Real Estate Loan

Loan Amount Range
* 100k to 5M

Acceptable Property as Collateral
* House and Lot
* Condominium
* Townhouses
* Vacant Lot

Preferred Areas
* Metro Manila
* Cavite
* Laguna
* Bulacan
* Rizal

Advantages
* No age limit
* CIBI / CMAP record - can still apply
* No capacity to pay
* Less documents required
* Can do take-out (Bank, Private, Financing)
* Assist Transfer Title
* Fast Processing (3-5 working days)

Application Requirements
* Initial Requirements:
* Transfer / Condominium Certificate of Title (Photocopy)
* Tax Declaration - Land & Bldg
* Picture of Property - front, side, inside
* 2pcs 2x2 picture (titleholder, borrower, co-borrower)
* Valid IDs
* Other requirements - if applicable & advised to submit

Charges/Fees
* Credit Investigation (C.I) Fee - Php2000 - after the initial evaluation and interview (Non-refundable)
* Outright deduction - 8% (5% mortgage fee & 3% processing fee)

Loan Processing Period
* 3-5 days upon submission of complete requirements and pay the C.I fee

Payment Terms
* Principal + Interest - 2.5% per month (1year to 5 years)
* Interest Only - 3.5% per month (12 months only)

Mode of Payment
* Client has to issue Post Dated Checks (PDCs)

For Inquiries:
09228148503
5151350

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