• Equicom Savings Bank Housing Loan

    Equicom Savings Bank Housing Loan

    Equicom Savings Bank, or EqB, is a reputed and licensed thrift bank whose main office branch sits at the heart of the Makati central business district. EqB has branches in cities, Luzon, Visayas, and Mindanao.

    It was the first ever receiver of the prestigious ‘Pagtugon Award’ given by the Bangkok Sentral ng Pilipinas (BSP) in acknowledgement of EqB’s commendable efforts to be Philippine’s most approachable bank in attending to the customers’ requirements promptly and considering ‘Receptiveness’ as an indispensable aspect of immaculate service. This honor confirms EqB’s dream of providing first-rate service and solutions to its clientele. Customer Service is always the priority of EqB’s sheer determination to offer its customers the finest banking experience.


    You’re probably eligible for an Equicom Savings Bank Housing Loan if you are

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    Equicom Savings Bank Housing Loan Minimum Age

    No Info

     Equicom Savings Bank Housing Loan Maximum Age

    No Info

    Equicom Savings Bank Housing Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Equicom Savings Bank Housing Loan Minimum Income

    Earn more than the minimum
    income required


    Your Equicom Savings Bank Housing Loan amount eligibility is based on these factors

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    Equicom Savings Bank Housing Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Equicom Savings Bank Housing Loan Maximum Loan to property value

    Loan capped 60% of the cost of property

    Equicom Savings Bank Housing Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligiblility for Equicom Savings Bank Housing Loan amount by these steps

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    Equicom Savings Bank Housing Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Equicom Savings Bank Housing Loan Maximum Tenure

    Choose longer tenure loan up to 25 years

    Equicom Savings Bank Housing Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Equicom Savings Bank Housing Loan

    • 1.Duly filled housing loan application form
    • 2.Photocopy of ID such as driver's license, passport, SSS ID, Postal ID, PRC ID etc
    • 3. Copy of latest income Tax Return
    • 4.Documentation for salaried applicants:
      • Original copy of Certificate of Employment
      • Photocopy of last full month pay slip
    • 5. Documentation for self Employed applicants:
      • Photocopy of DTI registration or SEC
      • Copy of Audited Financial Statements of the past year

    Equicom Savings Bank Housing Loan DetailsUpdated on 06 Dec 2016

    Equicom Savings Bank Housing Loan Details
    Margin of Finance Up to 60%
    Tenure Up to 25 years

    EQB Home Loan

    EqB’s gamut of financial products and services are custom made to give you that extra nudge cum resources to move ahead in life- from time deposits, personal loans, credit, debit and prepaid cards, and money management facilities. Equicom Savings Bank Home Loan is the magic remedy for those who have been wanting to live in their dream house.

    Terms of Equicom Savings Bank

    An extensive term credit facility is provided to eligible applicants to find purchase of a house, apartment, property, townhouse or a condominium unit. You can also request one for renovation, refinancing or refund of acquisition price. EqB offers home loan up to three lakh php or 60 percent of the assessed value of the property (whichever is lower).

    EMI Payment Schedule

    EqB offers maximum flexibility when it comes to repayment schedule, compared to other banks. You can take up to 25 years to pay off the housing loan. The interest rates are fluctuating and you can opt to refinance the loan if it shoots up more than you anticipated. There are multiple payment modes such as online payment, mobile banking or over the counter, which you can use as per your convenience.

    Security

    As security, the bank expect suitable real estate property and/ or initial Real Estate Mortgage (REM) over the property to be funded as guarantee. And naturally, no matter where the clients are, there is sure to be an ever reliable round the clock banking experience via area branches, internet and mobile banking.

    Other Products from Equicom Savings Bank

    Housing Loans By Bank
    Renovation Loan by Banks
    Housing Loan Refinancing by Banks
    More read on Housing loan
    Housing Loan Related Articles
    Interest Rates
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