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