Guide on the Security Bank Home Loan Monthly Amortization Based on Borrowed Amount
SECURITY BANK HOME LOAN – Here is a guide on how much you must for monthly under this Security Bank loan offer.
Nowadays, if you have a stable job, you can get your dream house even without having a huge savings in the bank. You don’t have to wait for years or decades to achieve that goal.
This is possible because of the loan offers of banks and lending companies. There are a lot of those entities that can assist in residential property acquisition, house construction, home renovation, and even the re-financing of an existing home loan.
One of the banks with the said loan offer is Security Bank. You may apply for a loan to the bank for any of the following purposes:
- buy a house and lot
- build a house
- renovate your home
- refinance your existing home loan
Like in other loans, there are qualifications in applying for this Security Bank loan offer. To be eligible to apply, the applicant must be:
- at least 21 years old upon the loan application but not older than 60 years old upon the loan maturity
- earning a household income of at least Php 50,000.00 monthly
- employed for at least 2 years or self-employed and running a legitimate and profitable business for at least 3 years already
Do you want to know how much you can borrow under this loan offer? Feel free to visit – SECURITY BANK HOME LOAN – How Much You Can Borrow Under This Offer.
Before apply for a Security Bank Home Loan, you can get an idea of how much you must possibly pay for monthly. Prepare the following information that will be needed in calculating it:
- your annual income
- target loan term
- amount of desired property
According to Security Bank, the computations they can provide are “indicative” and based on a 7.00% interest rate fixed for one year. You may visit the online calculator – www.securitybank.com.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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