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The following are the type of deposits allowed for this facility:
o
Peso or Dollar Time Deposit at least co-terminous with the loan tenor
The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.
Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal
borrower of the loan
Benefits
Flexible loan amounts
Minimum of P10,000
Maximum of P 3,000,000
For Asenso Kabayan Personal Loan Secured
For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine
peso equivalent.
Fixed monthly payments pay the same amount every month with any of the following flexible payment terms:
6 months
12 months
18 months
24 months
36 months
Home Loan
High Loan Amount
Maximize your loan up to 80% of the appraised value of your property or apply for a minimum of P500,000.
Low Interest Rates
Enjoy low interest rates with options for longer fixing period to help you manage your monthly payments.
Flexible Payment Terms
Make your monthly installment more affordable with payment terms of up to 20 years. Plus, you have the option to make your first
payment sixty (60) days after the release of your loan.*
* First payment will be due 60 days after release of loan, subject to applicable interest.
Auto Loan
Consumer Loans
Home Loan
Corporate Loans
Loans for Capital Expenditures
You can avail of these loans in short term (2 years or less), medium term (3-5 years), or long term (more than 5 years) which are normally
secured by Real Estate Mortgage, Standby Letter of Credit, or Deed of Assignment, among others.
TIME LOAN
Choose to pay at a fixed date or within a specific period of time. Interest is not collected in advance but at the end of a specific term, such
as after every 30 or 60 days.
Details:
- Minimum Term of 1 yr.
- Pay interest at the end of the term
AMORTIZED LOAN
Get an Amortized Loan if you want to pay in equal monthly installments.
Details:
- Pay principal in equal installments
STRAIGHT LOAN
With a Straight Loan, you can opt to get the loan proceeds either lump sum or staggered over a specific period. The principal amount is
paid in lump sum at maturity, while interest is discounted and amortized periodically.
Details:
- Lump sum or staggered loan availment
SYNDICATED LOAN
If you have financing requirements beyond what a single bank can offer, then a Syndicated Loan is what you need, which is packaged by
a group of banks.
Home Loan
Eligible
Filipino citizen
21 years old but not more than 65 years old upon loan maturity
With reliable source of income either from employment and/or business/investment
Borrowers
No CI/BI adverse findings
Loan Purpose
Amount of
Minimum of P500,000 and shall be computed based on borrowing capacity of client but not more
Loan
30% of gross monthly income of borrower and his/her spouse (private applicants)
Borrowing
Capacity
Govt. employee, required monthly net take home pay shall be observed per current GAA
Loan Value
60% of appraised value for loans above P3.5 M
Fees and Charges
a)
refundable)
b)
Term of Loan
Maximum of 20 years provided combined age of principal borrower and loan term shall not exceed
dated 12 February 2014
65
Pre-release charges
c)
Loan Security REM
approved
d)
e)
Notarial Fee:
f)
g)
h)
Minimum of P500.00
PERSONAL LOAN
The EastWest Bank Personal Loan is an unsecured and non-collateralized consumer loan that is granted to qualified individuals for their
personal use. It is payable in fixed equal monthly installments.
Product Features :
Multi-Purpose
o
Travel/Vacation
Appliance/Furniture Purchase
Medical Expenses
Bills Payment
Car Accessories/Repair
Home Improvement/Renovation
Business Loans
SHORT-TERM FINANCING
Whenever you need financing on the spot, to cover for unplanned expenses or to bridge working capital requirements, you
may rely on your BPI Family Kanegosyo term loan or check accessed credit line with ATM card.
LONG-TERM FINANCING
To ensure uninterrupted business operations or to drive your expansion plans, our loans can be modified to work with your
available funds and cash flow schedule. Our long-term financing can help you with:
Business Expansion
Franchise Financing
Purchase of Fixed Assets and Equipment
Purchase / construction / renovation of condominium unit / residential property for lease
Purchase / construction / renovation of commercial property
Refinancing of existing commercial loan / mortgage
FRANCHISE FINANCING
Especially designed for franchising businesses, BPI Family Ka-Negosyo Franchising Loan offers affordable financing to
enable you to start your franchise business today.
Choose the best financing products to suit your needs:
Personal Loan
Loan Purpose
Pay-off credit card bill/balances
Medical/surgical/doctor's bills
Eligible Borrowers
Current credit card members of Mastercard, Visa, Amex, JCB with minimum of 2 years
membership
With owned (2 years) or rented (3 years) residence
If Employed:
At least of middle management
Minimum monthly income of P20,000
Minimum of 2-year tenure
Employer among top 10,000 corporations
If Self-Employed:
Business must be at least 5 years in operation
Profitable for the last 2 years
Financing Features
Minimum loan amount - P100,000 (subject to paying capacity of borrower)
Maximum loan amount - P500,000 (subject to paying capacity of borrower)
Minimum term - 6 months
Maximum term - 36 months
Housing Loans
Term of loan
For Lot purchase / Home Improvement - up to 10 yrs.
For purchase of House & Lot, Townhouse, Condominium unit & House Construction - up to 20 yrs.
Collateral
Real Estate property to be financed
Loanable Amount
Maximum loanable amount shall be the lowest of:
Actual Need
Paying capacity (up to 30% of gross monthly income can be used as amortization)
Up to 80% of the appraised value of the property for house & lot, townhouse & condominium
Up to 60% of the appraised value of the property for lot
Minimum loanable amount
P750K for purchase of house & lot, townhouse & condominium - within Metro Manila; P500K - other areas outside
Metro Manila
P500K for purchase of lot within Metro Manila; P200K other areas outside Metro Manila
Interest Rate
Welcome Rates *
5.25% fixed for 1 year
6.25% fixed for 2-3 years
6.75% fixed for 4-5 years
9.50% fixed for 10 years
10.25% fixed for 15 years
10.75% fixed for 20 years
* Promo rates only.
Manner of Release
Lumpsum release for loans to purchase a lot, house and lot, condominium unit, or townhouse
Staggered release for loans to construct a house or for home improvement:
Maximum of five (5) releases
Only interest payment is required during the construction period & is deducted from the second to last
release
Final release upon 100% completion of construction whereby all loan releases are consolidated into one
promissory note
Appraisal Fee
Minimum of P3,500 (Non-refundable)
Features at a Glance:
Requirements:
Low Fixed Interest Rates -- rate fixing periods from "fixed for one (1) year" to "fixed for
twenty five (25) years" are available to safeguard you against sudden rate increases