Real Estate Mortgage Loan
| Real-Estate Mortgage Loan Details | |
|---|---|
| Loan Amount | 60% to 70% of appraised Value Maximum of ₱10,000,000 |
| Interest Rate | 1.1% per month (Diminishing) |
| Terms | Maximum of 120 months (10 years) |
| Share Capital Requirements | None, but adding share capital is encouraged, especially for the first loan |
| Collateral to be Submitted | Original title of lot, house and lot, or condo |
| Collateral Subject to Forfeiture / Foreclosure / Repossess Once Default in Payment | Original title of lot, house and lot, or condo |
| Processing Time | Depends on the completion of requirements and approval |
| Eligibility / Qualifications | Up to Up to 69 years old or younger upon maturity, and at least ₱1,700 in share capital. |
| Insurable Age | Up to 69 years old |
| Cash Out | Appraisal payment for loan amounts of ₱1,000,000 and above |