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
Salaried / Self-employed
with regular income
Earn more than the minimum
Your Equicom Savings Bank Housing Loan amount eligibility is based on these factors
EMI limited to about 50%
of monthly income
Loan capped 60% of the cost of property
EMIs of other loans lower
Increase your eligiblility for Equicom Savings Bank Housing Loan amount by these steps
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 25 years
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
|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.
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