Bank Financing For High Rise Condominium
Available to
Accredited Banks
- United Coconut Planters Bank
- BPI Family Savings Bank
Discount Rates
| 10% DP, 90% BF |
2% |
| 20% DP, 80% BF |
3% |
| 30% DP, 70% BF |
4% |
| 40% DP, 60% BF |
5% |
9 Easy Steps To Own A Home Thru Bank Financing
- Inquire from Legal Dept if title and tax declaration of the property intended to be bank financed is available.
- Client to choose a bank from the list of accredited banks.
- Get an application form and list of requirements from clients preferred bank.
- Client to fill out the application form.
- Compile the requirements required by client's preferred bank.
- Submit the duly accomplished Loan Application Form together with the complete documents to Finance Dept.
- Await notificaflon of loan approval. Normally, this takes five (5) to seven (7) working days.
- Developer/Seller shall forward to the bank the duly signed LOG & Deed of Undertaking (DOU) accompanied by Buyers latest Statement of Account.
- Wait for the release of loan proceeds, normally within 7 to 10 working days (drawdown).
Additional Guidelines
- Bank shall conduct pre-evaluation/pre-qualification (30 days from reservation).
- Subject to Final Evaluation wherein Buyer shall be required to submit updated bank requirements at least 4 months prior to RFO date.
- UCPB: drawdown upon completion/RFO date.
- BPI: buyer has the option to draw bank portion during the construction period/Non-RFO stage (Buyer needs to fully pay equity prior to loan drawdown. Additional discount will be applied using SPOT CASH discount rates.
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