Financing Options

 

1) Deferred Cash (No Down, No Interest) 

Total Contract Price (TCP) is payable in 24 months at zero percent interest. Start of house construction is after payment of 50% of the Total Contract Price and submission of complete required documents. Move-in is after payment of 70% of the Total Contract Price and issuance of Move-in papers by the Customer Care Department. 

 

2) Bank Financing

Minimum of 20% downpayment. House construction will start 30 days after full downpayment and submision of all required documents. Move-in is after loan release and issuance of move-in papers by the Customer Care Department. 

 

Note:

Monthly amortization should not exceed 30% of the gross (combined husband & wife) income.

 

3) In-house Financing 

Minimum of 20% downpayment. This option is offered only if the client is not qualified for bank financing. Interest rate (19% p.a.) is fixed for the loan duration. House construction will start 30 days after full downpayment and submission of all required documents. Move-in is after payment of 3 months loan amortizations and issuance of move-in papers by the Customer Care Department.

 

 

Required Documents

 

Required Documents for Spot Cash

• Birth Certificate or Marriage Contract

• 2 Valid IDs    

• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)

• 2 pcs. 2" x 2" id pictures (husband and wife) 

 

Required Documents for Deferred Cash (2 years to pay)

• Birth Certificate or Marriage Contract

• 2 Valid IDs

• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)

• 2 pcs. 2" x 2" id pictures (husband and wife)

• Proof of Billing Address (Utility bills)

• Post dated checks

 

Required Documents if with Financing

 

Overseas Contract Workers (OFWs)

• Original Certificate of Employment and Compensation w/ Consular Seal

• Photocopy of Contract of Employment

• Photocopy of Passport (all pages with entries)

• Proof of Remittances (latest 6 months)

• Pay Slips (latest 3 months)

• 2 Valid IDs

• Bank Statements (latest 6 months)

• Birth Certificate or Marriage Contract

• Community Tax Certificate (Cedula)

• 2 pcs. 2" x 2" id pictures (husband and wife)

• Proof of Billing Address (Utility bills)

• Post dated checks

 

Locally Employed

• Photocopy of Income Tax Return (ITR)

• Original and Notarized Certificate of Employment and Compensation (COEC)

• Pay Slips (latest 3 months)

• 2 Valid IDs 

• Bank Statements (latest 6 months)

• Birth Certificate or Marriage Contract

• Community Tax Certificate (Cedula)

• 2 pcs. 2" x 2" id pictures (husband and wife)

• Proof of Billing Address (Utility bills)

• Post dated checks

 

Self-Employed (Business)

• Photocopy of Business Registration (DTI/SEC)

• Mayor's Permit

• ITR for the last 2 years

• Original Audited Financial Statements for the last 2 years

• Franchise/OR/CR (for taxi, jeepney, bus operators)

• PTR (For practicing professionals)

• Company Profile (if applicable)

• Picture of Business Establishment

• Bank Statements (latest 6 months)

• Birth Certificate or Marriage Contract

• 2 Valid IDs    

• Community Tax Certificate (Cedula)

• 2 pcs. 2" x 2" id pictures (husband and wife)

• Proof of Billing Address (Utility bills)

• Post dated checks

 

Note: Other documents may be required on a case to case basis.