Arelle Valla

How much are the Bank Fees when you make a real estate loan in the Philippines? 

These are what the loan charges are like for a P1 Million Housing or Condominium loan. 

The following are estimates only. 

SCHEDULE of LOAN CHARGES 

1. Mortgage Redemption Insurance Premium Php 5,800
2. Fire Insurance Premium (FIP) P 1,100
3. Mortgage Registration Fee P 9,000.00
4. Processing and Notarial Fees P 3,500
5. Doc Stamps on Promisory Note P 5,000 

   Total Charges: P24,000.00 

I got this from the Bank Financing Seminar held at Celebrity Sports Club conducted by DMCI Homes, Inc. with UCPB V.P  Yolanda De Claro.

I will share about the Pre-Qualification requirements in the following post for Real Estate Bank Loans. Stay tuned…