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Home >> Guaranty Programs >> Loan Eligibility Criteria
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Loan Eligibility Criteria for Retail Loan Guaranty
- Loan to Collateral Ratio - To be eligible for guaranty, the account shall involve a principal obligation not to exceed:
SALES PACKAGE |
LOANABLE AMOUNT |
Socialized Housing (P400,000 & below) |
90% of appraised value |
Low-Cost Housing (Above P400,000 to P3.0m) |
90% of appraised value |
Medium-Cost Housing (Above P3.0m to P4.0m) |
80% of appraised value |
Open-Housing (Above P4.0m) |
70% of appraised value |
- Term of the Loan - Not to exceed thirty (30) years
- Location
- The property must be located in an urban center;
- If located in a subdivision, must be fully developed and of Class "A" development per provisions of PD 957 or BP 220-A, i.e. concrete roads and gutters, underground drainage systems, water, and electrical facilities;
- If not located in a subdivision, must be in area classified as residential with direct access to sewerage, water, drainage, roads, and electrical facilities;
- Not in flood prone or lahar endangered areas;
- Accessible to transportation and communication facilities.
- Terms and Conditions
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