Guide on Robinsons Bank Housing Loan Loanable Amounts
ROBINSONS BANK HOUSING LOAN – Are you wondering how much you may borrow under this Robinsons Bank loan offer?
Getting your own house is one of the best things that you can do for the safety and comfort of your family. Undeniably, it is a dream of most people to have a residential property they can call their own. It can be a bungalow house and lot, a condominium unit, a townhouse, or even starting with a vacant residential lot where you can build your dream house.
However, truth be told that a residential property purchase requires a huge amount – and not everyone is ready to do it in cash. Meanwhile, there are options that you can turn to and among these are loans.
Robinsons Bank is one of the banks in the Philippines that offer housing loans. The Robinsons Bank Housing Loan offer is open for several purposes – purchase of house and lot, vacant lot, condominium unit, or townhouse; financing of house construction or home renovation; refinancing a home loan take-out; and financing of a home equity loan.
How much you may borrow under Robinsons Bank Housing Loan offer? The loanable amount is based on a fixed percentage of the selling price of the residential property. The bank has set different amounts for accredited and non-accredited developers.
- If the property is under an accredited developer, you can borrow up to 90% of the total contract price. Thus, if the total contract price is P1 million, you can borrow up to P900,000.00.
- If the property is under a non-accredited developer, the maximum loanable amount is up to 80% of the appraised value. Thus, if the appraised value of the property is P1 million, your maximum loanable amount will be P800,000.00.
For a guide on how to apply for this home loan offer, feel free to visit – Apply for Robinsons Bank Housing Loan: Step-by-Step Guide.
You may also visit – Robinsons Bank Car Loan: Minimum & Maximum Loanable Amounts