FAQs 
| FAQs |
The following are the terms and condition to avail of Metrobank House and Lot Loan A. Amount: Subject to minimum loan value of Php 300,000.00 per borrower maximum of Php 2,000,000.00 B. Term: Maximum of ten years for lot only Maximum of 20 years for lot with house construction C. Required down: 20% for house and lot (house 100%) finish 30% for lot only D. Credit Evaluation: Based on banks standard criteria upon submission of buyer application form and complete standard Metrohome credit requirements. E. Others: Individual appraisal will be conducted for lot w/ house construction subject to submission of bills of materials and approved building plan validated by Metrobank-CCU For appraisal, SARVI shall submit to Metrobank the following document upon application of the buyer: a. Photocopy of Individual TCT (in the name of SARVI) b. Photocopy of Individual Tax Declaration c. Photocopy of Individual Tax Receipt and Tax Clearance d. Photocopy of Individual Lot Plan/Vicinity map e. Photocopy of Individual Payment Ledger f. Photocopy of Contract to Sell Prior to loan release, SARVI shall submit to Metrobank the following documents with release to property offered as collateral. a. Original TCT and Tax Declaration on Land under the names of borrower free from lien and encumbrances b. Original Tax Receipts showing full payment for the current year c. Original Tax Clearance d. Annotation of MBTC Mortgage on the TCT e. Statement of Account f. Certificate of Full Payment of Required Equipment Equity The Appraisal and handling fee for the account of borrower to be paid upon request for appraisal which will be about Php 10,000.00 per appraisal. Available lots as of June 7, 2008 Block 5 |
