Bank Financing Guidelines (BDO)

• Now, applying for a housing loan is easy and simple.
• As long as you’re working, you’re qualified.We are accredited with BANCO DE ORO (BDO) UNIBANK.
• Developer will process your bank loan. Just submit required documents within 60 days.

General Requirements

• Duly Filled-up Bank Form
• 3 pcs. ID picture (husband/wife/SPA)
• Marriage Contract when applicable
• Photocopy of two (2) Valid IDs (Husband/Wife/SPA)
• Tax Account No. (TIN)
• Proof of Billing

Note:

Bank Forms for borrower signature will be given during reservation.

• OFWs who are unable to personally sign bank loan documents must submit Consularized Special Power of Attorney (SPA) designating their representative (must be a relative up to the 2nd degree of consanguinity or affinity)

Eligibility Requirements

• At least 21 years old but not more than 65 years old upon loan maturity.
• Must have no adverse credit findings with CMAP & NFIS
• NO default in monthly DP payments for 3 consecutive months and/or must not have incurred delays in payments of 5 months or more within the 12-month DP Term.
• Locally employed applicants must submit latest ITR/W2.

Requirement if Locally Employed

• Latest Income Tax Return (ITR)

Note:

The income stated in the Income Tax Return will not be the basis of loan approval. This is just to comply a Central Bank requirement.

Credit Evaluation Process

• Subject only to CMAP/NFIS (Negative File Info System) and
• Personal Data/Residence and Neighborhood checking (PDRN)
• Verification of Income is waived.

Note:

Client must not have legal cases, bad credit card record that result in a legal case or previous bank loan that were not paid.

Downpayment Term

• 12 Months
• 6 Months for RFO Units

Move-in

• 13th month from date of reservation
• 7th month from date of reservation for RFO Units

Maximum Loan Term

• 20 Years, provided borrower’s age does not exceed 65 at loan maturity

Mode of Payment

• The ten percent (10%) DP shall be paid in 12 (or 6 for RFO Units) equal monthly installments through post-dated checks (PDCs) payable to to Property Company of Friends, Inc. (PCFI)
• Monthly loan amortization shall be paid via an Automatic Debit Arrangement (ADA)with BDO. UPon release fo the Letter of Guaranty(LOG) from BDO, the buyer shall be advised to open a savings account with any BDO Branch for this purpose.

Loan Value

• 90% of Total Contract Price
• 88% of Total Contract Price for Alice & Diana House model

Interest Fixing

• 10% P.A. Fixed for 3 Years; Annual re-pricing thereafter

Bank Financing Guidelines (24 Months DP)

• Now, applying for a housing loan is easy and simple.
• As long as you’re working, you’re qualified.
• We are accredited with Metrobank (MBTC) and United Coconut Planters Bank (UCPB).
• Client must decide which Bank to apply during reservation.
• Client is allowed to change financing within 30 days from reservation date.
• Developer will process your bank loan. Just submit required documents within 60 days.

General Requirements

• Duly Filled-up Bank Form
• 3 pcs. ID picture (husband/wife/SPA)
• Marriage Contract when applicable
• Photocopy of two (2) Valid IDs (Husband/Wife/SPA)
• Tax Account No. (TIN)
• Proof of Billing

Note:

Bank Forms for borrower signature will be given during reservation.

Requirement If OFW – Metrobank

• Consularized Special Power of Attorney (SPA) (Bank Form)

Note:

Consularized SPA is a MUST requirement when transferring Certificate of Title to Client’s name.

This is required by the Register of Deeds.

Requirement If OFW – UCPB

• Consularized Special Power of Attorney (SPA).
• Accepted are immediate family members only (UCPB Bank Form)
• No Income Tax Return needed.

Requirement if Locally Employed – Metrobank & UCPB

• Latest Income Tax Return (ITR)

Note:

The income stated in the Income Tax Return will not be the basis of loan approval.

This is just to comply a Central Bank requirement.

Credit Evaluation Process

• Subject only to CMAP/NFIS (Negative File Info System) and
• Personal Data/Residence and Neighborhood checking (PDRN)
• Verification of Income is waived.

Note:

Client must not have legal cases, bad credit card record that result in a legal case or previous bank loan that were not paid.

Eligible Age of Borrower – Metrobank

• 21 yrs old and up

Eligible Age of Borrower – UCPB:

• 18 yrs. old and up but not more than 65 yrs old when loan matures (fully paid)
• If OFW, must not be more than 60 yrs. old when loan matures (fully paid)

Eligible Occupation For OFW

• If Immigrant or Dual Citizen, borrower is required to have a co-borrower (regardless of income), who is an immediate family member residing in the Philippines.
• OFW working in war-torn countries shall not be acceptedCopy of Latest Passport with date of departure and arrival.

Maximum Term

• MBTC: Locally Employed – 25 yrs. / OFW – 15 yrs
• UCPB: Locally Employed and OFW – 20 yrs.

Mode of Payment

• MBTC: Automatic Debit Arrangement from Bank account
• UCPB: Postdated Checks (PDC) or Automatic Debit Arrangement Form

Loan Value

• MBTC: 80% of Total Contract Price
• UCPB: 80% of Total Contract Price. Minimum Amount: 500,000

Interest Fixing

• MBTC: 10 yrs. @ 10.5% (reference only). Amortization is the same for 10 yrs.
• UCPB: 5 yrs. @ 10.25% (reference only). Amortization is the same for 5 yrs.

Note:

After 5 or 10 yrs, loan balance will be recomputated again base on prevailing interest rate.

Requirements for In-House Financing

In House (Initial Requirements)

1. Latest proof of income.
2. 3pcs. recent 1 x 1 I.D. pictures
3. Marriage Contract, Birth Certificate, or Separation papers (if needed)
4. Community Tax Cert. No.
5. Complete post dated check for Equity and Amortization
6. TIN

Additional Requirements for OFW

1. Initial requirements
2. Job Contract
3. Passport
4. Special Power of Attorney (SPA)
5. Valid I.D. of Attorney in Fact
6. 1 pc. I.D. picture of Attorney in Fact
7. Residence Certificate of Attorney in Fact

Self-Employed

1. Initial Requirements
2. Affidavit of Income
3. Business Name and Permit
4. Passbook with 3 months maintaining balance
5. ITR

Antel In-House Financing Requirements

1. Signed Reservation Agreement
2. 1st Monthly Amortization for Down Payment
3. Valid ID – If Married, both Husband and Wife
4. Photocopy of Birth Certificate -Single ; Photocopy of Marriage Contract – Married
5. Tax Identification Number (TIN)
6. Complete Post Dated Checks