Upon the approval of your Loan Application, the client is required to provide the Bank Guarantee from the respective bank or the Loan Approval from PAG-IBIG/HDMF. Additionally, any other bank charges must also be settled.
For Financing, please ensure compliance with the following, at least 6 months before your final payment due:
For Bank Loan: Submit the Bank Guarantee and make payment for bank charges through the financing bank.
For Pag-IBIG/HDMF Loan: Provide the Notice of Approval and make payments for financing charges through CDC Cashier.
Make sure to settle any outstanding amounts, which may include the Down Payment, Other Charges, Miscellaneous Fees, Association Dues, Real Property Tax (RPT), and any other fees not covered by the loan approval. These charges will be billed by the developer.
Please note that a delay in the release of loan proceeds will incur a 12% interest and penalties for collection upon full receipt of payment. Mere compliance with document submissions does not constitute payment of the outstanding balance. Actual payment must be credited to the developer on or before the due date as specified in the payment schedule.