Real Estate Loan.

Convert your real estate property into cash
Convert your real estate property into cash.  Use your real estate loan or credit line for your immediate needs.

for home renovation
for expansion of your business
for purchase of vehicle

ELIGIBLE BORROWERS

Businessman (individual) or under Corporation (business Entity)

1. 1. Applicant should be either self-employed with at least 24 months of continuous profitable operation or employed as Senior Officer of Top Corporation or Bank with manager level or higher in a regular or permanent status.
2. Age of borrower from 21 years to 60 years at the time of loan maturity. In excess of 60 years, to submit co-maker preferably one of his/her children.

Amount Finance

Amount finance shall be sixty percent (60%) of the Appraised Value.

Good Credit Record

Applicant must have a good credit record. Loans with banks and other financing companies, existing or fully paid, must have at least Gen. Satisfactory and court checking shall be negative.

Acceptable collateral:

1. Clean Title – should be free from any lien / encumbrance
2. Minimum of 100 sq. meters for commercial area and 150 sq. meters for residential
3. Commercial lot / residential within the subdivision
4. Location:
   • NCR
   • Cavite: Bacoor, Imus, Dasmariñas and Tagaytay
   • Rizal: Cainta, Taytay and Antipolo
   • Laguna: Sta. Rosa, San Pedro, Los Baños, Biñan and Calamba – commercial area/residential
   • Batangas: Lipa, and Batangas City – commercial area/residential
   • Other areas on case-to-case basis

Loanable amount (Amount Finance)

Minimum	: P 100,000.00
Maximum	: P 2,000,000.00
	case-to-case basis for more than P2,000,000.00

Terms and rate

SPECIAL RATE is applicable to A1 client/borrower based on track record with FFC or other banks / financing companies

Requirements

For Credit Processing / Approval and Appraisal (photocopy)

Individual (single proprietor):	Corporation:
Business Name Three (3) months Bank Statement One (1) month Invoice / Billing Land Title (TCT) Tax Declaration Tax Receipt Tax Clearance Location Plan / Vicinity Map Lot Plan Floor Plan (if house & lot) Individual (employed) Certificate of Employment (COE) within (1) year from the date of application Latest 1 month pay slip within (1) year from the date of application Latest Income Tax Return (BIR Form 1701) Latest Payroll Bank statement Proof of Billing (under borrower’s name if residence owned)	Additional SEC Registration (Cert. True Copy from SEC) Article & By-Laws (Cert. True Copy from SEC) Annual GIS (Cert. True Copy from SEC)) Secretary’s Certificate / Board Resolution
For Documentation (original copy) Land Title (TCT) or Condominium Certificate of Title (CCT) Tax Declaration Tax Receipt Tax Clearance SPA / Secretary’s Certificate (if corporation) Board Resolution (if corporation) Property Insurance MRI (for applicant 60 years old and above)

TERRITORIAL LIMITS:

Credit Department will process loan applications within the Metro Manila area as well as outside thereof, provided:

1. These locations are easily accessible by means of a direct and regular transport.
2. These locations are described by exact sketch and are located within a distance of three hours travel from Makati City.