Minimum & Maximum Loanable Amounts Under the CTBC Bank Home Loan
CTBC BANK HOME LOAN – Here is a guide on the minimum and maximum loanable amounts under the house loan offer of the CTBC Bank.
There are now several options in the pursuit to acquire a house even though you cannot pay for it in full right away. One of these choices is the bank loan. Several banks including the CTBC Bank offer house loans to the public.
Under the CTBC Bank house loan offer, you will be assisted financially in purchasing a house and lot, a condominium unit, or a townhouse. You may also apply for the purchase of a lot only or a lot with house construction.
Aside from purchase transactions, the CTBC Bank Home Loan is also open to fund a house construction or a house renovation. You may also apply to it for refinancing.
With regards to how much you can borrow under the CTBC Bank Home Loan, here are the minimum and maximum loanable amounts based on the official website of the bank:
- Minimum Loanable Amount – Php 500,000.00
- Maximum Loanable Amount – Php 25,000,000.00
The interest rate implemented on the loan depends on the prevailing rate at the time of the application. The payment terms is up to twenty(20) years and it can be paid through equal monthly amortizations.
To be eligible for the said loan offer, the applicant must be:
- a Filipino citizen
- between 21 and 65 years old
- earning at least Php 50,000.00 minimum gross monthly family income
- having an office or residence contact number
- a professional, employed, or self-employed
For professional applicants, the requirements is at least three(3) years in the practice of the profession. For employed applicants, a permanent status with at least one(1) year of tenure in the present company is required according to the bank.
For self-employed applicants, he or she must be in business operations for not less than three(3) years.
To apply for the said loan, you may visit – https://www.ctbcbank.com.ph.
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