Reservation Fee
You can pay for your home reservation through the following:
- Philippine Pesos for cash payment (online bank transfers, accepted)
- Credit Cards
- Personal, company or managers check
Downpayment
Make your payment as:
- Cash — accepted for the first 3 months only.
- Postdated check — accepted throughout the down payment.
Amortization
Postdated check is the only acceptable method.
Bank Financing
If you choose Bank Financing, this is what you should know:
- Down payment: You are to pay 12.5% within 8 months. No interests.
- Initiation of down payment: 30-45 days after completing your reservation.
- Balance to Bank loan: 87.5%
- Move-in date: 8 months after completing your DP.
- Bank Amortization: After 8 months.
- Who processes your loan: Developer.
- There are no Bank charges.
In-house Financing
If your preferred method is in-house, here is what you should know:
- Downpayment: you are to pay 30% within 12 months. No interests.
- Initiation of downpayment: 30-45 days after completing your reservation.
- Balance to Developer’s loan: 70%
- Move-in date: 12 months after completing your DP.
- Who processes your loan: Developer.
- In-house Amortization: after 12 months.
- There are no bank charges.
Deferred payment
If you choose this route, here is what you should know:
- The Total Contract Price (TCP) is divided by the numbers of agreed months. No interests.
- There is no down payment
- There is no amortization
- The move-in date is after 15 months.
- The Developer processes your loans.
- There are no bank charges.
Spot Downpayment
For Spot DP option, here is what you should know:
- You get 5-7.5% discount when you pay your downpayment in full. This depends on the DP amount and the date you paid.
- Balance to developer’s loan: 80%
- Who processes your loan: Developer.
- In-house Amortization: 15 months after DP payment is complete.
- Move-in date: after 15 months.
- There are no bank charges.
Total Contract Price (TCP) full payment
If you choose to pay your TCP in full, here is what you should know:
- You get a discount of 4-10%. This depends on the TCP amount and the date you paid.
- There is no developer loan balance.
- There is no In-house amortization.
- You can only move in after 15 months.
- There are no Bank charges.