Details of the Robinsons Bank Housing Loan You May Like To Apply For
ROBINSONS BANK HOUSING LOAN – Here is a guide on the excellent features of the “Go! Housing” offer you may apply for.
Are you planning to get a residential property for you and your family? If you are looking for a home loan offer, one of the entities that you may turn to is the Robinsons Bank. It is open for multiple purposes and features high loanable amounts and low interest rates.
You may apply for the Robinsons Bank Housing Loan offer to apply for any of the following:
- Purchase of the following:
- House & Lot
- Vacant Lot
- Condominium Unit
- Townhouse
- House Construction / Renovation
- Refinancing / Loan Take-out
- Home Equity Loan
How much is loanable under the Go! Housing loan offer? It depends if the residential property is sold or built by an accredited developer of Robinsons Bank or not.
- Up to 90% of total contract price (Accredited Developers)
- Up to 80% of appraised value (Non-Accredited Developers)
The Robinsons Bank Housing Loan is payable from 12 up to 60 months. Here are the interest rates implemented by the bank based on the loan term:
| Tenor | Rate |
| 1 year | 7.00% |
| 2 years | 7.25% |
| 3 years | 7.75% |
| 4 to 5 years | 8.25% |
| 10 years | 9.25% |
| 15 years | 10.00% |
Who are qualified to apply for the Housing Loan offer? It is open for individuals who are at least 21 years old at the time of the loan application but not more than 65 years old at the end of the loan term. It is open for both Filipino and foreigner applicants.
With regards to the Robinsons Bank Housing Loan requirements, they include both personal documents of the borrower and the collateral documents of the property. Here are the personal documents required by the bank for submission:
For Locally Employed
- duly-filled-out and signed Housing Loan Application Form
- at least 1 government Issued ID
- Marriage Contract, if applicable
- Latest Copy of Certificate of Employment indicating salary, position, and length of employment
- Latest Payslips
For Self-Employed / Self-Employed Professionals
- duly-filled-out and signed Housing Loan Application Form
- at least 1 government Issued ID
- Marriage Contract, if applicable
- ITR for the last three (3) years
- Audited Financial Statements for the past three (3) years
- Business Registration Documents (DTI, Mayor’s permit, etc)
- PRC ID (For Professionals)
For Overseas Filipino Workers
- duly-filled-out and signed Housing Loan Application Form
- at least 1 government Issued ID
- Marriage Contract, if applicable
- Latest employment contract of employment
- Latest Working Visa
- Latest Payslips or remittance slips
- Special Power of Attorney (Bank Format)
- Consularized copy may be required if issued abroad
With regards to the collateral requirements, it depends if the property is sold or built by an accredited developer or not. There are also additional requirements for loan applications for the purpose of house construction and refinancing.
For Accredited Developers
- Latest Statement of Account
- Reservation Agreement or Contract to Sell
For Accredited Developers
- Latest Statement of Account
- Reservation Agreement or Contract to Sell
Additional for Construction Loans
- Building Plans, Specification and Floor Plans
- Bill of Materials
Additional for Construction Loans
- Building Plans, Specification and Floor Plans
- Bill of Materials
If you are operating a small business, you may also turn to the Robinsons Bank for its Go! Small Biz loan offer. It is also equipped with excellent features.