Guide on Robinsons Bank Housing Loan Offer Features & Application
ROBINSONS BANK HOUSING LOAN – The Robinsons Bank is ready to help you get the key to your dream house now under excellent features.
One of the popular and trusted banks in the Philippines is the Robinsons Bank. It has several offers that encompass both personal and business offers which include bank accounts, credit cards, and loans among others.
With regards to the loan offers of the bank, one of the loans is the Robinsons Bank Housing Loan that is ready to finance several purposes. You may apply for the loan to finance any of the following:
- vacant lot acquisition
- purchase of residential properties
- house and lot
- condominium unit
- townhouse
- house construction
- home renovation
- refinancing/home loan take-out
- home equity loan
How much is loanable under the Robinsons Bank Housing Loan offer? The maximum borrowing amounts allowed by the bank vary depending if the developer of the property is accredited by the bank or not.
- Accredited Developers — up to 90% of total contract price
- Non-accredited Developers — up to 80% of appraised value
With regards to the loan term, it depends if the borrower is employed, self-employed, or an overseas Filipino worker (OFW). If you are locally-employed, the loan is payable for up to 20 years. The maximum loan term for self-employed individuals and OFWs is 15 years.
How much is the interest set under the loan offer? The interest rate is dependent on the chosen loan term. Here’s a guide:
| 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% |
