PSBank Accredits Lancaster Suites Tower I Condotel Investments in the Philippines
PSBanks Home Rate Protect program offers buyers the option to loan up to 70% of the total contract price of their unit which they can pay for a maximum loan period of 25 years with a fixed interest rate currently at 11.5% per annum.
Beth Collingz, PLC Global Pinoy International Marketing Director and Lead Marketing Partners for PCPIs Lancaster Brand of Condotels in the Philippines said the fixed rate of interest applied for the full 25 year mortgage protects borrowers from interest rate fluctuations and seals in the monthly installments for the term of the loan.
Open to all Filipinos and those married to Foreign Nationals who are at least 21 years old [but not more than 65 years upon maturity of loan] wherein unit buyers should have also paid at least 30% of the condos net contract price to be eligible for the loan – the program applies to Lancasters residential units only.
This development by PSBank follows the recent approval of Banco De Oro (BDO) a commercial Bank in Metro Manila, for a buyer’s financing or mortgage plan for Lancaster Suites Tower I...
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