Financing Loan
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Last Update a year ago
Q: What can I use a Financing Loan for?
A: Financing Loans are available for:
- Car loans
- Home improvement
- Land acquisition
- Commercial building construction
A: Up to ₱2,000,000, subject to the appraised value of your collateral.
Q: What collateral is required?A: The real estate or object being financed serves as the primary collateral.
Q: What are the repayment terms?A: 2 to 3 years, depending on the loan amount and your repayment capacity.
Q: Are there special requirements for vehicle loans?A: Yes, damage insurance is mandatory for all vehicle loans.
Q: What happens if I default on a Financing Loan?A: You'll receive a grace period of 1-2 months. If unpaid by the third month, a 5% penalty applies to the unpaid installment.