EXPORTBANK Home Loan
Corporate Finance

LOAN PURPOSES:

• Lot / House and Lot / Condominium / Townhouse Acquisition
• Construction / Major Renovation / Expansion of Residence

TERM:

Up to fifteen (15) years (subject to borrower’s qualification)

INTEREST:

Prevailing rate at the time of loan release
Fixed for one (1) year, subject to annual repricing

REPAYMENT:

Equal monthly amortization (30 days after)
Based on diminishing principal balance
Via Auto-Debit Arrangement or post-dated checks

LOAN AMOUNT:

Up to 80% of Appraised Value

ELIGIBLE BORROWERS:

Of legal age but not older than 65 years old; with regular source of income

REQUIREMENTS FOR PRE- APPROVAL:

• Housing Loan Application
• Marriage Contract (if applicable)
• Certification of Employment or Business Registration Documents
• Statement of Assets/Liabilities or Financial Statements
• Latest ITR for the last 2 years
• Pictures (2x2) for husband and wife
• Copy of TCT/CCT
• Tax Declaration
• Lot Plan with Vicinity Map
• Floor Plan, Building Specifications and Bill of Materials

REQUIREMENTS FOR POST- APPROVAL:

• Loan Agreement, Real Estate Mortgage
• Promissory Note and Disclosure Statement
• Duly transferred TCT/CCT and Tax Declaration
• Updated Real Estate Tax Receipts and Tax Clearance
• Post-dated Checks or signed Auto-Debit Arrangement Form

OUT-OF-POCKET EXPENSES:

• Fees and Charges: Processing, Appraisal, Handling and Amendment Fee
• Registration Expenses: BIR, Registry of Deeds
• Insurance Premiums: MRI and Fire Insurance; HIGC (if applicable)
• Documentary Stamps for Promissory Note and Notarial Fee

Visit any Exportbank Branch near you for more information
or call the the Retail Banking Group – Consumer Loans
at tel. nos. (02) 878-0212 and 878-0281 or contact us through this site.

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Corporate Finance

The Bank's corporate and commercial finance business focuses on providing short-term and long-term funding for working capital and business expansion purposes. The Bank has forged agreements with local government banks and guarantee corporations to access special funds for project financing.

Corporate Loan Product

These are actually certificates issued by big private corporations with maturities of up to 1 year. These certificates are sold at a discount or discount-to-yield basis with coupon (or interest) payment of zero or floating coupon (monthly re-pricing), respectively.

• OMNIBUS LINES (OML) - compilation of all types of loans according to purpose and booking
• TIME LOAN (TL) - short term loans, interest payable in arrears
• DISCOUNTING LINE (DL) - short term loans, interest discounted
• EXPORT PACKING CREDIT LINE (EPCL) / EXPORT ADVANCE LOAN (EAL) - short term pre- shipment working capital
• EXPORT BILLS PURCHASE (EBP) - short term post shipment working capital
• DOCUMENTARY CREDITS (DC) - letters of credit, documents against payment, documents against acceptance, open account
• TERM LOAN (TERM) - loans which are granted for a term of more than one year
• BILLS PURCHASED - checks drawn on other banks which are credited or deposited to a client’s deposit account with same value date upon purchase

Visit any Exportbank Branch near you for more information
or call the the Retail Banking Group – Consumer Loans
at tel. nos. (02) 878-0212 and 878-0281 or contact us through this site.

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