Real Estate Loan
A type of loan that is designed for regular members who need financial assistance for the acquisition of land or construction/renovation of building related expenses. To provide financial acquisition of land and construction/renovation of building.
Loan Requirements
- Additional Share Capital must be at least 10% of the amount applied for loan exposure of above 500K with acceptable Titled Lot as additional collateral including its Tax Clearance & receipt, vicinity map/sketch plan. TAX DECLARATION
- Blueprint of the Building
- Building Permit
- Minimum Savings deposit of P5,000.00
- ONE (1) CO-MAKER THAT HAS NO DELINQUENT ACCOUNT, TWO (2) CO-MAKERS IF ABOVE ONE MILLION (PHP1,000,000.00), HOWEVER, IF THE COLLATERAL OFFERED IS SUFFICIENT, ONLY ONE (1) CO-MAKER IS REQUIRED
- One (1) Witness
Additional Terms and Condition
- Transfer Certificate of Title (TCT)
- Original Certificate of Title (OCT)
- Condominium Certificate of Title (CCT)
Charges
- Service Fee – 3% of the loaned amount if 25 months and above Service Fee – 2% of the loaned amount if 24 months and below.
- Notarial (PhP 125.00)
- Insurance - [{amount of loan ÷ 1000 x number of months x special rate provided by climbs} - less rebates, if there is any]
Renewal Policy
- After 3 months provided that payment is consistent
Max Loan Ceiling
(Capacity based unless stated otherwise)
- 3 million