Equicom Home Loan
A Housing Loan program that will let you borrow as much as 60% of the evaluated value of your assets with flexible payment terms, Equicom Home Loan will help you purchase your desired home. Loan application to purchase of lot, house & lot, condominium unit or even a townhouse, and refinancing are also available. Get free housing loan rates and Apply directly with eCompareMo, Fast and Easy Application Online!
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Equicom Home Loan
Get Your Dream House With Equicom Home Loan. Fast Application, Low Interest Rates And Convinient Housing Loan Terms. Apply Today!
Product Features
Overview
- Product Name:
- Equicom Home Loan
- Remarks
- Low Interest Rate upon Loan Release with 25 years payment terms
- Minimum Amount of Loan:
- PHP300,000.00
- Maximum Amount of Loan:
- PHP100,000,000.00
- Minimum Loan Tenure:
- 1 years
- Maximum Loan Tenure:
- 25 years
- Maximum Fixed Period:
- 1 years
- Early Repayment:
- Property Insurance Included:
- No
- Accepts Third Party Property Insurance:
- No
- Accepts Third Party Mortgage Insurance:
- No
- Does not Require Mortgage Insurance:
- No
- Payment Options:
- Application Approval Time:
Eligibility and Requirements
- Eligible Property Types
- House and Lot
Vacant Lot
Condominium
Townhouse
- Home Loan Proceeds Can Be Used For:
- Purchase of Property
Refinancing
Construction/Home Improvement
Reimbursement of Acquisition Cost
Home Equity
Property Types and Loan Purpose
- Age Range of Borrower:
- 21-65 years
- Minimum Annual Income:
- PHP480,000.00
- Employment Work Status
- Employed - Private Sector for 1 year
Employed - Government for 2 years
Self - Employed for 2 years
Professional for 2 years
Employed - BPO for 2 years
Employed - OFW/Seafarer for 2 years
- Applicant Must Have a Landline Phone at Home or Office:
- No
- Need to Open Linked Bank Account:
- No
- Guarantor Requirements:
- Collateral Requirements:
- The acceptable real estate property to be financed can be used as a collateral
Fees and Charges/Penalties
- Appraisal Fee
- PHP3,500.00
- Processing Fee
- Based on Loan Amount
Interest Rates Offered
Interest for | Fixed Period Interest | Effective Interest Fixed | Variable Period Interest Rate Per Year |
---|---|---|---|
1 year fixed period | 9.00% | 9.00% |