|
 |
| RETAIL LENDING PROGRAM > INTEREST RATES AND FEES
-
Interest Rates (as of June 16, 2008)
Type of Loan |
Interest Rate (%) |
| One Year Credit Line |
8.6 to 11.0 |
| Amortized Loan (up to 3 years) |
9.8 to 15.0 |
| Amortized Loan (more than 3 years up to 5 years) |
10.9 to 17.0 |
| Amortized Loan (more than 5 years up to 7 years) |
12.9 to 19.0 |
Note:
- Interest rates are tiered based on the Borrower Risk Rating, collateral cover and the term of the loan.
- For credit lines, a 1% account management fee is added to the applicable interest rate.
- For medium term loans, the rate is fixed for the entire term of the loan.
Service Fees (to be deducted from loan proceeds; no front-end fees)
- Evaluation Fee - 1/2 of 1% of approved loan but not less than P3,000
- Processing Fee - 1/2 of 1% of loan release
- Out of Town Processing Fees
- None for Metro Manila, Cebu and Davao
- P2,000 for CALABAR and Region 3 provinces
- P4,000 or actual air fare for the rest of the country
|
|
| |
| |
|
| |
| |
|
Retail Lending Program