CashBack Mortgage
Need a housing loan or business loan? CashBack Mortgage gives you the power to bring down your interest rate to as low as 3.5% p.a. as you grow your deposit with the Bank! Any amount you deposit with us is subtracted from your loan amount. The net loan amount or difference is the basis for computing your interest payment. You then get cash back on the difference of your interest payments each month.
Apply now to purchase a house and lot, vacant lot, condominium, or, for house construction, renovation, refinancing, or reimbursement and let your deposit dictate the interest that you will pay! There is no holdout on your deposit during your loan term of 10 to 20 years (for housing; or 5 years for business) so you can withdraw whenever needed.
Chinatrust has the right loan product for both individuals and Small and Medium Enterprises (SMEs) who will avail of an amortized term loan such as housing loan and for business purpose. It is called the Cashback Mortgage.
It is a one of a kind term loan product that gives the customer the power to manage interest cost on the loan by enlarging the deposit relationship with the bank. This is a mortgage loan with effective interest pricing varying each month depending on the CASA deposit relationship of the borrower with the bank via rebate in the form of a cashback.
Cashback Mortgage has basic features such as the payment of principal which is based on the theoretical interest rate amortized over the life of the loan; the interest rate/pricing charged on the full outstanding balance of the loan effectively varies each month due to the deposit effect that could go down to as low as 3.5%; maximum loan tenor of 20 years; modes of payment available through automatic debit arrangement and post-dated check payments; minimum loan amount is P500,000; and the maximum loan amout is 60-80% of the appraised collateral.
The Cashback Mortgage computation is easy and simple. Just deduct your deposit's previous month's average daily balance (ADB) from the availed loan amount and apply the interest to the difference.
Chinatrust's Cashback Mortgage is eying individuals(employed, professionals and self-employed) and small and medium enterprises (sole proprietors, partnership, or corporation may also be lent a Cashback Loan).
With Cashback Mortgage, individuals can acquire a house and lot for a maximum loan tenor of 20 years; a condominium for a maximum loan tenor of 15 years; and a lot for a maximum loan tenor of 10 years. Individuals can also apply for refinancing and reimbursement with a maximum loan tenor of 15 years. They can also apply for a loan for house construction, renovation and personal investment/consumption with a maximum loan tenor of 20 years, 15 years and 10 years respectively.
On the other hand, small and medium enterprises (SMEs) can apply for a loan for their working capital and Home/Store/Office Expansion/Improvement which both has a maximum loan tenor of 5 years.
The collaterals that can be accepted by Chinatrust are both residential and commercial properties. The property/ies must be marketable and preferably located within the city or town where a Chinatrust branch is located for easier administration. Acceptability of the collateral is dependent on the bank's existing policies.
Initial requirements must be submitted in order to get a loan. For individuals who are employed, they must fill up and sign the application form and present important documents such as a certificate of employment and/or payslips, bank statements for the last 3 months, latest income tax return or a photocopy of W-2 form, a marriage contract (if applicable), a photocopy of TCT/CCT, a lot plan/vicinity plan/subdivision plan, a photocopy of tax declaration, real estate tax receipts and tax clearance, building plans (if applicable) and the specifications and estimate of bills of materials (applicable for house construction or renovation loan).
For individuals who are self-employed the requirements for individuals apply except for the presentation of the certificate of employment and/or payslips, and financial statements for the last three (3) years.
SME's initial requirements are the submission of the duly filled up and signed application form and the passing of important documents such as bank statements for the last 3 months, financial statements (in-house/audited) and income tax return for the last 3 years, a photocopy of TCT/CCT, a lot plan/vicinity plan/subdivision plan, a photocopy of tax declaration, real estate tax receipts and tax clearance, building plans (if available) and business registration papers (Securities and Exchange Commission/Department of Trade and Industry certificates.
Apply now! For inquiries, visit any Chinatrust branch or call (632) 811 8901, 811 8912 or 811 8917.
Download Application
July 23, 2008
Chinatrust Salary Stretch
Salary Stretch Loan
Need cash fast? Get Salary Stretch, the all-purpose, no-collateral personal loan that comes with flexible terms of 12, 18, 24, and 36 months, at very competitive rates.
Basta Kumpleto Sa Requirements, One Day Lang Kuha Mo Na Ang Salary Stretch Loan Mo!
Chinatrust Salary Stretch, the leader in the personal loans business in the Philippines, introduced a campaign that now provides faster processing for its borrowers. The multi-purpose loan product is open to all regular employees earning a minimum monthly gross salary of P15,000 and working in Metro Manila, Cavite, Laguna, Rizal, Bulacan, Subic, and Cebu.
Borrowers in need of quick, extra cash for the travel, education, purchase of furniture and appliances, home improvement, and credit card balance transfer, among others, simply need to fill out the application and submit the required documents. Basta
kumpleto ang requirements, One Day lang, makukuha mo na ang perang ni-loan mo. Chinatrust Salary Stretch can also be made available to employees of accredited companies. By agreeing to facilitate collection and remittance of loan payments to Chinatrust, employers provide their employees with better benefits, particularly lower interest rate and processing fee.
Apply now! For inquiries, visit any Chinatrust branch or call (632) 8118999.
Download application
Need cash fast? Get Salary Stretch, the all-purpose, no-collateral personal loan that comes with flexible terms of 12, 18, 24, and 36 months, at very competitive rates.
Basta Kumpleto Sa Requirements, One Day Lang Kuha Mo Na Ang Salary Stretch Loan Mo!
Chinatrust Salary Stretch, the leader in the personal loans business in the Philippines, introduced a campaign that now provides faster processing for its borrowers. The multi-purpose loan product is open to all regular employees earning a minimum monthly gross salary of P15,000 and working in Metro Manila, Cavite, Laguna, Rizal, Bulacan, Subic, and Cebu.
Borrowers in need of quick, extra cash for the travel, education, purchase of furniture and appliances, home improvement, and credit card balance transfer, among others, simply need to fill out the application and submit the required documents. Basta
kumpleto ang requirements, One Day lang, makukuha mo na ang perang ni-loan mo. Chinatrust Salary Stretch can also be made available to employees of accredited companies. By agreeing to facilitate collection and remittance of loan payments to Chinatrust, employers provide their employees with better benefits, particularly lower interest rate and processing fee.
Apply now! For inquiries, visit any Chinatrust branch or call (632) 8118999.
Download application
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