Details about the Robinsons Bank Home Loan Offer – How Much You May Borrow
ROBINSONS BANK HOME LOAN – You can check the guide below for the loanable amounts under this loan offer of Robinsons Bank.
One of the banks in the country that you may turn to for a house loan is Robinsons Bank. It undeniably rose to prominence fast and has several offers that respond to the common needs of people – savings accounts, credit cards, and loans.
The Robinsons Bank Home Loan is one of the loans offered by the bank for both employed and self-employed individuals. It is open for several functions such as the financing of:
- the acquisition of…
- a vacant lot
- a house and lot
- a condominium unit
- a townhouse
- for the funding of…
- a house construction
- a home renovation
- for refinancing or loan take-out
- for home equity loan
The said Robinsons Bank loan offer is open for both properties that are under its accredited developer and those that are not. However, there might be a difference with regards to the loanable amounts.
Under the Robinsons Bank Home Loan, if the property is under the bank’s accredited developer, you may borrow up to 90% of the total contract price of the property. On the other hand, if the property is under a non-accredited developer, the maximum loanable amount is 80% of the appraised value of the property.
To be eligible to apply for the loan offer, the borrower must be:
- at least 21 years old upon the loan application
- not more than 65 years old upon the loan maturity
- (If foreigner) having an appropriate Alien Certificate of Registration
The following documents must be submitted in applying for the loan:
- Duly filled-out and signed application form
- at least 1 Government Issued ID
- Marriage Contract (if applicable)
You may also visit – Robinsons Bank Car Loan: Minimum & Maximum Loanable Amounts
