Philippine Veterans Bank launched its Home Loan Free Home Promo
Last February 28, 2014, Philippine Veterans Bank (PVB) launched its Home Loan Free Home Promo in an event held at the Asian Institute Management Conference, Makati City. The said real estate housing loan product (with a loan term of 20 years) refers to a promotion wherein a cash back is guaranteed at the end of the term. PVB’s Home Loan Free Home Promo is designed to entice homeowners to take up a housing loan with PVB and avail of the bank’s cash-back guarantee. Qualifications for this promo include: 1. Homeowners with existing mortgages of at least twelve (12) months in other banks who are of good standing. 2. New home-buyers including buyers of residential house and lots, townhouses, or condominiums. 3. Homeowners who wish to make major improvements or construction on their existing residential properties Interest rate is at 8.25% p.a. repricing every 5 years with a loan able amount of up to 80% of the appraised value of collateral property (house and lot, condominium, townhouse)...