HOME EQUITY LOAN
Take your ambition to new heights.
What is the Home Equity Loan?
Build up your business with the help of your property. The Home Equity Loan lets you use your apartment, warehouse, house and lot, condominium unit, vacant lot, commercial space, and townhouse as collateral to fund your ventures and achieve your goals.
Our fast approvals & flexible terms ensures you won’t lose time growing your business.
Expand your business
Fund your expansion and take on the next big step with confidence.
Kickstart your success
Gain capital to open a new business and achieve your dreams today.
Cover your financial responsibilities
Improve your cash flow and run your business without hitches.
Your Benefits
Low Interest Rates
We want to make it possible for the everyday Filipino to open or grow their business. Enjoy as low as 0.83% interest per month with the Home Equity Loan.
Fast Approvals
Keep the momentum going. After submitting the complete application requirements, you can get pre-approval as fast as 3 days and loan release within a few weeks to one month.
Flexible Terms
Your loan is tailored to your goals and financial capacity. We maximize your property’s value and offer loan terms that fit your budget, ranging from Php 100,000 up to Php 5M.
Ready. Set.
Grow.
Start achieving your goals. Seize success for your business with the Home Equity Loan.
Application Requirements
To begin your application, kindly submit the following documents to your loan agent or to an official 88 Asia Finance representative.
- Accomplished application form
- Copy of the Transfer Certificate of Title (TCT)
- Tax Declaration on Land and Improvement (photocopy)
- Location/vicinity map
- Valid IDs
- Proof of Income
- Current/savings account bank statement (latest 3 months)
- If property for collateral is loaned with another bank, please also submit:
- Statement of Account
- Official receipt or proof of payment (latest 3 months)
In addition to the listed requirements, the applicant should be:
- Between 21 to 65 years old
- Physically present to sign contracts. If this is not possible, a Special Power of Attorney (SPA) is required. This must be duly notarized by the appropriate Philippine embassy or consulate.
- Free of any illegal activities
For questions, feel free to send us a message
or talk to our representative via live chat.
At a Glance
Interest Rates and Payment Chart
| Monthly Payments | |||||
|---|---|---|---|---|---|
| Loan Amount |
1 Year 10% |
2 Years 22% |
3 Years 33% |
4 Years 44% |
5 Years 55% |
| 100,000 | 9,167 | 5,084 | 3,695 | 3,000 | 2,584 |
| 200,000 | 18,334 | 10,167 | 7,389 | 6,000 | 5,167 |
| 300,000 | 27,500 | 15,250 | 11,084 | 9,000 | 7,750 |
| 400,000 | 36,667 | 20,334 | 14,778 | 12,000 | 10,334 |
| 500,000 | 45,834 | 25,417 | 18,473 | 15,000 | 12,917 |
| 600,000 | 55,000 | 30,500 | 22,167 | 18,000 | 15,500 |
| 700,000 | 64,167 | 35,584 | 25,862 | 21,000 | 18,084 |
| 800,000 | 73,334 | 40,667 | 29,556 | 24,000 | 20,667 |
| 900,000 | 82,500 | 45,750 | 33,250 | 27,000 | 23,250 |
| 1,000,000 | 91,667 | 50,834 | 36,945 | 30,000 | 25,834 |
| 1,100,000 | 100,834 | 55,917 | 40,639 | 33,000 | 28,417 |
| 1,200,000 | 110,000 | 61,000 | 44,334 | 36,000 | 31,000 |
| 1,300,000 | 119,167 | 66,084 | 48,028 | 39,000 | 33,584 |
| 1,400,000 | 128,334 | 71,167 | 51,723 | 42,000 | 36,167 |
| 1,500,000 | 137,500 | 76,250 | 55,417 | 45,000 | 38,750 |
| 1,600,000 | 146,667 | 81,334 | 59,112 | 48,000 | 41,334 |
| 1,700,000 | 155,834 | 86,417 | 62,806 | 51,000 | 43,917 |
| 1,800,000 | 165,000 | 91,500 | 66,500 | 54,000 | 46,500 |
| 1,900,000 | 174,164 | 96,584 | 70,195 | 57,000 | 49,084 |
| 2,000,000 | 183,334 | 101,667 | 73,889 | 60,000 | 51,667 |
Rates are subject to change without prior notice.
Sample computation only.
How it Works
Enjoy the Home Equity Loan in 4 easy steps.
Step 1
Application and Interview
Submit clear copies of all the requirements. Our credit investigation team will then interview you and your references. After this, they will contact you about pre-approval within 2 to 3 days.
Step 2
Property Appraisal
After pre-approval, we move on to the inspection and appraisal of your property and business. You will be notified of your approved loan amount within just 1 week!
A non-refundable appraisal fee must be paid on or before the appraisal date.
Step 3
Contract Signing
Our credit investigation team will inform you of any additional documents that you may need to submit. You will then sign your mortgage contract and we’ll register the property’s mortgage.
Processing will be completed within 3 to 4 days only.
Step 4
Loan Release
Simply issue post-dated checks for your monthly payment and you’re done! You can now open or build up your business using your loan.
Kickstart your success today.
Get the Home Equity Loan and take your business to the next level.