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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. |
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HBSC
Hong Kong Shanghai Bank Philippines. 24
hour ATM machines for cash advances from
international Visa & Mastercharge credit
debit cards. |
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Keppel Bank Philippines |
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Standard
Chartered Bank Philippines. 24 hour ATM
machines for cash advances from international
Visa & Mastercharge credit debit cards. |
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• Philippines Local Banks
BPI Bank of the Philippine Islands
Metrobank Philippines
Union Bank Philippines
• Philippine Economy Investments & Business
Business World Philippines
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Makati Business Club - Philippine Business Listing Member Directory
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PhilippineBusiness.com.ph - Philippine Business Listing Directory
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Philippine Inquirer Financial Report
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Philippine Stock Exchange
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• 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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