FAQs
Who is eligible for the promo?
All home loans that avail of rate fixing for 10 years at 9.75% and for 15 years at 10.00% and are booked between January 1 and December 31, 2023, are eligible.
What is the minimum loan amount to avail of the promo?
The promo is available for loans with a minimum amount of P1.0 million.
What fees can be waived under the promo?
All bank fees, including MRI and fire insurance premiums, for the first year, can be waived. However, insurance premiums for succeeding years will be the borrower's responsibility.
Is there a minimum loan term?
Yes, the loan must have a minimum term of 10 years. No pre-payment is allowed within the first 5 years. If partial or full payment is made within 5 years of the loan being availed, the client will be charged a proportionate cost of the waived fees.