P200,000 & BELOW (5 Years Max Term) |
5.5% |
Above P200,000 up to P3M |
7.0% |
Above P3,000,000 up to P4M |
7.5% |
Above P4,000,000 up to P5M |
8.0% |
Above P5,000,000 up to P7M |
8.5% |
Above P7,000,000 up to P10M |
9.0% |
Why Rent? When you can Own
WHAT ARE ITS BENEFITS?
- Purchase of Lot
- Purchase of House & Lot, Townhouse or Condominium Unit
- Purchase of Lot with House Construction
- House Construction/Home Renovation
- Refinancing of Existing Mortgage Loan
- Payment of other Personal-related expenditures
- Easy and affordable payment up to 20 years
- Loan amount is based on the following, whichever is lowest:
– 70% of collateral’s appraised value
– Actual requirement
– Paying capacity
REQUIREMENTS
- Completed Pre-Retirement REML Application Form
- Photocopy of Member’s two (2) Valid Government-issued IDs
- Photocopy of Spouse’s two (2) Valid Government-issued IDs
- Member’s 1×1 ID Photo
- Spouse’s 1×1 ID Photo
- Latest Payslip
Collateral Documents
- Photocopy of Title
- Photocopy of Tax Declaration of Lot or House and Lot
- Tax Clearance and Real Property Tax Receipts for current year
For Purchase of Lot/House and Lot/Condominium Unit
- Contract to Sell or Deed of Sale
For Construction Loan
- Building Plans (1 set)
- Bill of materials or Cost Estimate (1 set) must be noted by the Local/City Building Official
*All documents must be certified by an Architect or Civil Engineer
For Refinancing/Loan Take Out
- Statement of Account from current bank/financial institution
25 – 46 years old |
To be paid in 20 years |
47 – 50 years old |
To be paid in 15 years |
51 – 55 years old |
To be paid in 10 years |
56 – 59 years old |
To be paid in 5 years |
