HOME EQUITY LOAN
Take the reins of your life.
Get to know the Home Equity Loan
Enjoy peace of mind and the freedom to live life on your own terms. The Home Equity Loan puts you in control, providing you with the means to overcome financial worries or to take the leap whenever an opportunity arrives.
You can use your apartment, warehouse, house and lot, condominium unit, vacant lot, commercial space, and townhouse as collateral. And with 88 Asia Finance, you can unlock the full potential and value of your property to secure fast and safe funds for emergencies, small joys, or life upgrades.
Build or renovate your home
Gain funds for a home upgrade without breaking the bank.
Recover from financial setbacks
Refinance a loan, pay your debt, or get back on your feet after unplanned expenses.
Work abroad
Soar to a new heights and gain funds for applications, processing fees, and living expenses abroad.
Your Benefits
Low Interest Rates
Get as low as 0.83% interest per month—and chase the moment without holding back or worrying about your budget.
Fast Approvals
You don’t have to go through hoops to live your best life. After submitting the complete 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 will always be within your financial capacity. We make sure that our approved terms maximize your property’s value and do not add any undue financial burden to you. Approved loans range from Php 100,000 to Php 5M.
Bright
possibilities
await you.
Seize the moment and power your dreams 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!
Grab life by the horns.
Avail the Home Equity Loan and seize planned and unplanned opportunities before they pass you by.