|
Payment Terms for Towers and Land & Houses (February 2008) >
Requires Adobe PDF Reader. Download here.
A. Spot Cash within thirty (30) days
- 9% discount for Towers
- 7% discount on Land & Houses
B. Downpayment (DP) Requirements
- 10-20% Spot Full DP
- 5% Discount on DP for Towers
- 20% Discount on DP for Land & Houses
- 10% payable in six (6) months
- 20% payable in eight (8) months for Towers; twelve (12) months for Land & Houses; at 0% interest
C. Deferred Cash Term
- 20% Spot DP
- Balance Payment payable in eighteen (18) months (no name check)
- Balance Payable in twenty-three (23) months (with name check).
- For Land & Houses: 100% Balance Payable net of Reservation Fee can be paid in twenty-four (24) months with name check.
D. In-House Financing (IHF):
- 20% DP
- Balance can be paid in ten (10) years
- at 18% fixed interest rate
E. Special Bank Financing (BF)
- 10-20% DP
- 80% balance loanable from the Bank
- at prevailing interest rate
Accredited Banks:- BPI
- Chinabank
- RCBC
- BDO
- PSBank
F. Pag-Ibig Financing (PIF) for Land and Houses
Depending on the project and its land development, the minimum 20% DP can be paid in full with a 7% discount within thirty (30) days. It can also be paid on an installment basis for twelve (12) months without discount.
The remaining 80% balance (max. amount of PhP2,000,000.00) can be paid in up to thirty (30) years at an interest rate of 10.5% with repricing (7% for loan amount below PhP750,000.00).
|
