Housing Loan Financing Options at Bahay at lupa hulugan

What is a Financing?

Financing is getting a loan from a bank or from a developer to purchase your home and then paying back the loan in a set time for a set monthly fee called amortization. Most financing comes at a cost to the person accepting the loan, usually defined as an interest rate.

What are the available Financing Options at bahayatlupahulugan.com?

  • In-house Financing
  • Bank Financing

What is an In-house Financing?

Developer extend the loan to the buyer. This type of loan is not as complicated as bank financing. It is more convenient because the developer do not asks many documents. Usually, the developer will just look for personal identity documents. 

On the downside, in-house financing usually has higher interest rate than in the bank. The interest rate will most likely depend on the developer’s assessment. 

Nowadays, some people in the Philippines prefer in-house financing. Not only that it is hassle free, (as there is NO bank approval is required) but also for the reason that some people who have bad credit history can still be granted loan.

What is Bank Financing?

Bank financing means the loan is applied with the bank. Often require the submission of numerous documents. 

Bank financing is often preferred by those who have good credit record or history and has regular work because it has lower interest rate compare to In-house financing.

What are the accredited Banks of bahayatlupahulugan.com?

  • Metrobank
  • BDO
  • Security Bank
  • East West Bank
  • PNB
  • China Bank
  • UCPB
  • Robinson’s Bank

How long is the processing of your Bank Loan?

About 2-4 weeks. Loan documents are submitted in bulk to the bank. Assuming all requirements is complete.

What happens if your loan is not approved by the Bank?

We will re-submit your loan application with other accredited banks. Or financing will be converted to In-house.

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