Menu
Call
Call 02 750 2703 Mon - Fri 9:00am - 6:00pm

You have successfully logged out

We will send you an email with instructions to reset your password

Housing Loan FAQ

The Monthly Payment - When applying for a housing loan, you must not only have income, but have a sufficient one to get the loan approval. The monthly payment should be at most one-third of your income.
  • The Down Payment - It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford, as generally the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment.
  • The types of interest rate - When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. A fixed-rate loan will be a great choice to those who prefer consistent monthly payments, enjoy the predictability and have a personal budget to follow. In a variable interest rate loan, the interest rate varies as market interest rates change.
  • Loan Tenure - The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa.

Compare and apply in 3 easy steps

Why choose MoneyMax.ph?

100% free!
Quick & Easy
Impartial & Independent

MoneyMax.ph is your one-stop shop for comparing credit cards, loans, insurances and broadband plans. Use our powerful comparison tool to get unbiased, up-to-date information and the best deals.

Testimonial person
Excellent ang service pagdating sa process of issuance ng car insurance at processing ng claims. I will definitely refer MoneyMax.ph to my friends!
Jhayson Opimo, 31, Makati

Free money saving tips

Stay up-to-date with the latest financial news and the best money saving tips by subscribing to our newsletter.

Latest news

Stay up to date on the latest news about financial products and market comparison View all news