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

  • Enjoy payment convenience by enrolling in Auto Debit Agreement or issuance of post-dated Checks
  • Take advantage of a Multi-purpose loan thru Equicom Home Equity
  • Gives you flexible terms of up to 25 years to help you manage your finances better.

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%

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