Lot Purchase Loan
This product is offered to individuals for acquisition of real property (i.e agricultural, residential and/or commercial) with or without improvements.
This loan product has the following salient features:
Can be accessed by individuals;
Loanable value of offered collateral, cashflow whichever is lower. In no case, the amount of loan shall not exceed SBL;
Loan term is maximum of ten (10) years;
Payment is amortized;
Loan is secured by Real Estate Mortgage (REM); and
Interest rate on loan is comparatively low.
Documents Needed
PRINCIPAL BORROWER
CO-MAKER
- Filled out Bank forms
- 2 pcs 2×2 ID picture
- 1 valid ID
- Proof of Residence
- Barangay Clearance
- Certification of the Barangay Captain / Municipal Agricultural Officer/Chairperson of the cooperative as to the land area cultivated.
- 1 valid ID
- Barangay Clearance
- Proof of Residence
- Proof of Income
HOW TO APPLY:
- Complete the document and application that are needed with the requirements of your co-maker
- Wait for the bank information for your schedule of CI/BI.
- The bank will update you on the status about your loan application.