Real Estate Mortgage Loan
| Real-Estate Mortgage Loan Details | |
|---|---|
| Loanable Amount | 60% to 70% of appraised Value (Maximum of ₱10,000,000) |
| Interest Rate | 1.1% per month (Diminishing) |
| Loan Term | Maximum of 180 months (15 years) |
| Collateral | Original title of lot, house and lot, or condo |
| In Case of Default | Collateral will be subject to foreclosure |
| Processing Time | Depends on the completion of requirements and approval |
| Eligibility Requirements |
REM loans below ₱500,000 : At least ₱5,000 in savings and share capital REM loans of ₱500,000 and above : At least ₱10,000 in savings and share capital |
| Insurable Age | Up to 69 years old |
| Cash-Out | Appraisal payment for loan amounts of ₱1,000,000 and above |