The following is a compiled information from banks and government institution that offers financial assistance like housing loan, salary loan, as well as car or auto loan. Most of these institution also offers home mortgage with the loan amount and loan terms provided in the table below.
The interest rates for each type of loan or mortgage you plan to apply to will vary depending on the value and the term of mortgage/ loan that you are planning to apply for.
Please also have in mind that since the interest rate of loan or mortgage vary depending on two factors which is the amount and the term or "years to pay", you may opt to apply for loan refinance or mortgage refinance after few years of paying your loan and mortgage. Refinanced amount will be of lower loan amount and will also cut the term offering a lesser interest rate based on new loan term. If you are looking to refinance your outstanding house loan please contact your creditor/lender for the current rate and terms available for you.
Lender
|
Loanable Amount
|
Loan Terms
|
P500,000 up to 80% of the appraised value of property
|
Up to 20 years
| |
Minimum of P400,000
Maximum of 80% of appraised value for house and lot; 60% for vacant lot or residential condominium |
Maximum of 25 years for house and lot
Maximum of 10 years for vacant lot, residential condominium | |
80% of the appraised value
|
Up to 25 years for a house and lot; 15 years for a vacant lot; 10 years for a condominium unit
| |
Minimum of P500,000
|
Up to 30 years
| |
Minimum of P500,000 but not more than 80% of the appraised value of the property
|
Maximum of 20 years for OFW with co-borrower; 15 years without a co-borrower
| |
Singapore:
up to 70% of verified selling price or appraised value of the property Japan: Minimum of P500,000 for lots and P1 million for house & lot Up to 60% of the appraised value for vacant residential lot; 80% for residential house & lot, townhouse, rowhouse or condominium unit New York and Los Angeles: Up to 80% of verified selling price of property |
Singapore:
Up to 20 years Japan: Up to 10 years New York and Los Angeles: Up to 20 years for purchase of house and lot, townhouse condominium unit, rowhouse or apartment unit; 10 years for purchase of lot | |
Minimum of P500,000 up to 80% of the property's appraised value with a cap of P25 million
|
Up to 10 years for residential lot purchase; 25 years for house and lot, townhouse, duplex or condo
| |
Minimum of P300,000 up to P10 million
|
Up to 20 years
| |
Up to 80% of appraised value of desired property
|
Minimum of 1 year
Up to 25 years for house & lot; 20 years for townhouse or duplex; and 15 years for residential vacant lot, or condominium unit | |
Minimum of P500,000
|
Up to 20 years for acquisition of house and lot, townhouses and condominium units; 10 years for acquisition of vacant lots
| |
Up to P750,000
|
Up to 30 years
| |
Up to P450,000 for socialized housing loan; P2 million for low-cost housing loan
|
In multiples of 5 years up to 15 years
Maximum of 5 years for members who are 60 years old at the time of application |
image from Pinoy E-Plans
For more information we encourage you to contact the lending institution/s linked above.
For more information we encourage you to contact the lending institution/s linked above.
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