Philippine Finance
Banks Loans Mortgages

• Philippines Real Estate Mortgage Loans

Typical Philippine real estate mortgage loan annual interest rates are 9% to 11% with the Philippine banks currently, and 10% to 15% with the Philippine real estate developers and their projects. We know this is a higher rate compared with the lower 15 and 30 year fixed rates available in other parts of the world. Check with the Philippine Central Bank for more indications of lowering or raising interest rates.

• Philippines Central Bank Interest Rates

Philippine interest rates have recently been lowered by the Philippine Central Bank and we expect them to go lower near term. Currently there is solid steady growth and low inflation in the Philippine economy, and with the Philippine Central Bank just lowering the central bank interest rate providing Philippine banks to provide lower interest rate real estate loans. More liquidity and loans into the economy which should spur more and continued economic growth.

• Philippines Mortgage Loan Terms

Typical financing term period on mortgage loans is 2 to 15 years. When applying for a loan from a Philippine lender, provide copies of your asset, debt, income statements and two years tax returns. Options to avoid the higher Philippine mortgage interest rates would be to take out a second mortgage on your existing properties or get a personal loan from any source.

• Philippine Real Estate Sales Transaction & Closing Costs

Buyers transaction or closing costs include the following. Documentary Tax - P5.00 per P1,000 of contract price, or zonal value or fair market value, which ever is higher. Transfer Tax - P5.00 per P1,000 of contract price, or zonal value or fair market value, which ever is higher. Registration Fee - P1.50 per P1,000 of contract price, or zonal value or fair market value, which ever is higher. The seller is responsible for transaction closing cost of capital gains tax.

Philippines Real Estate Guide
The Ultimate Guide to buying, Investing and managing property in the Philippines that answers your questions. Can A Foreigner Own Property? Can A Foreigner Sell Property? How to go about Renting a property? What are the advantages of a Lease?

• Philippine International Banks

Citibank Philippines. 24 hour ATM machines for cash advances from international Visa & Mastercharge credit debit cards.

HBSC Hong Kong Shanghai Bank Philippines. 24 hour ATM machines for cash advances from international Visa & Mastercharge credit debit cards.

Keppel Bank Philippines

Standard Chartered Bank Philippines. 24 hour ATM machines for cash advances from international Visa & Mastercharge credit debit cards.

• Philippines Local Banks

BPI Bank of the Philippine Islands

Metrobank Philippines

Union Bank Philippines

• Philippine Economy Investments & Business

Business World Philippines

Makati Business Club - Philippine Business Listing Member Directory

PhilippineBusiness.com.ph - Philippine Business Listing Directory

Philippine Inquirer Financial Report

Philippine Stock Exchange

• Global Investment Market Resources

Bloomberg stock and industry news charts analysis.

Bigcharts Marketwatch stock and industry charts technical analysis.

Easy-Forex - Making Foreign Exchange Trading Easy

Elliot Wave International Stock Market Cycles

Yahoo Finance. Stocks Bonds Currencies Charts Quotes and More.

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