How much is the Interest Rate?
- Bank Financing interest rate is 7.75% per year (prevailing bank rates will apply upon loan take-out). Loan term is up to 15 yrs for OFW and 20 yrs. for locally employed. Loan term will depend on Buyer’s age, work position and capacity to pay.
- Inhouse Financing interest – 18% for 5 yrs term and 21% for 10 yrs term.
- In case Buyer’s loan application is not approved by the bank for whatever reason, In-house financing will automatically apply.
About Discounts
- There is discount if you pay full downpayment or the Total Contract Price.
What are Bank & In-house Processing Fees or Legal & Miscellaneous fees (LMF)?
Processing Fees (PF) or Legal & Miscellaneous fees (LMF) are payment for the ff:
- Title Transfer Cost (Bank Financing only)
- Real property taxes for one year (for Bank and Inhouse )
- Blue print of house plans (one set)
- Administrative expenses
- Homeowners association (HOA) dues for preventive maintenance
- Premiums for the first year coverage of mortgage redemption insurance (MRI) & fire insurance
How much is the Processing Fees / Miscellaneous Fees?
- For Bank Financing, it is 8% base on the Selling Price because Title Transfer Cost and bank charges are included.
- For In-house Financing, it’s only 4.5% base on the Selling Prices because Title transfer cost and bank charges are not included.
What are the Accredited Banks of Pro-friends?:
- Accredited banks are BDO, PNB, China Bank, Metrobank, Security Bank, UCPB, East West Bank and Security Bank.
What are Other Charges in Buying?
- There are no other charges. No bank Charges, NO hidden charges and NO move-in fees. Developer will process your loan with the Bank.
What is a Reservation Fee?
- Reservation fee guarantees you the units is yours. It is part of the down payment and is valid for 30 days.
- The following are Not Refundable by Profriends – Reservation fee, down payment and amortization.
What are Other Fees to Pay Separately
- Title Transfer – for In house financing only to be paid after full TCP payment.
- Real Property Tax and Insurances – to pay yearly after move-in.
Why are the Prices Different in other Websites?
- House and Lot price will NOT be the same, as it varies and depends on lot orientation.
- Prices of end unit, corner lot, along main road and near amenities, are higher than inner lot.
- Prices are subject to change without prior notice.
- So always verify with us all amounts in the computation if they are still available or not.
What Are Allowable Improvement of Alice House Model?
- First, you must submit sketches of house improvement to Developer’s office for approval. You can improve your home like fencing, tiles installation, terrace and others after house is accepted