Author Topic: sanggla to the bank  (Read 949 times)

0 Members and 1 Guest are viewing this topic.

Offline bayan

  • Newbie
  • *
  • Posts: 4
  • Thanks Received: 0
sanggla to the bank
« on: Mar 19, 2017, 11:33 AM »
Advertisement
HI fellows,

Good day,ask ko lang po I Have a lot in our province and I wanted to borrow money in the bank making my land as a collateral to erect a building to be rented out and yung kita is to pay amortization and passive income but when I approached one of the bank in our province it says that they stop financing now.My questions is ,Is it difficult to borrow money to bank to finance my planned  building and do you know some bank whom I can approached ..?thank you po.... :cool2:

Offline Thomas

  • PMT Jedi
  • *
  • Posts: 1,326
  • Thanks Received: 6
Re: sanggla to the bank
« Reply #1 on: Mar 19, 2017, 07:22 PM »
They look at your paying capacity too, because they don't like to end up with Foreclosed properties.

Banks:
Depend much of what contacts you have with them before.
REGULAR income.
Recomendations!!! from people the bank know.
Some banks are harder than other. Ask more banks.

Pag-Ibig:
If it is a town/city
and if you have qualified,
then you have good chance there, I believe.
TELL them you are building a house - but don't tell for rent out if they don't ask - because their purpouse is to make it possible for Filipinos to get a home.

Offline Derfnick

  • Newbie
  • *
  • Posts: 4
  • Thanks Received: 0
Re: sanggla to the bank
« Reply #2 on: Mar 20, 2017, 10:06 AM »
you can try yung Housing Loan
sa PAGIBIG -
or sa SSS -https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=dhwomdetails
or kung OFW ka pwede din mag loan sa OWWA 7.5% lang per annum

Offline angeljme

  • Posting Specialist
  • *
  • Posts: 315
  • Thanks Received: 1
Re: sanggla to the bank
« Reply #3 on: Mar 20, 2017, 11:47 AM »
BPI, they call it Equity Loan, where you'll use land title as collateral.  Minimum loan is 500K.  Last time I checked (2yrs ago), nasa 6.5% to 7% per annum ang rate nila for this type of loan, payable in 5yrs.
Sila ang pinakamababang nakita ko offering this type of loan.  I asked BDO and they didn't take the title as collateral.  Gagamitin ko sana ang proceeds for house finishing.  What they wanted me to do was a home loan; which I can't do since the house is already on loan with a different bank.  What I have was a title of a different lot.

Offline bayan

  • Newbie
  • *
  • Posts: 4
  • Thanks Received: 0
Re: sanggla to the bank
« Reply #4 on: Mar 20, 2017, 05:45 PM »
Hi maraming salamat sa mga nagreply
Pero hindi po house ang ipapatayu ko two storey building po (commercial building) to be rented by office..My apologies po di malinaw pag kaexplain ko..i think yung pag iibig o sss di tumatangga ng ganitong loan...? Tama po ba ako..? Is there any institution po ba na pwedeng mkaloan sa ganitong investment..?
« Last Edit: Mar 20, 2017, 05:47 PM by bayan »

Offline nightwatch

  • Posting Specialist
  • *
  • Posts: 361
  • Thanks Received: 0
Re: sanggla to the bank
« Reply #5 on: Mar 20, 2017, 06:52 PM »
I think regardless kung house or building  ipatayo mo, i collateral mo  naman ung  land.  Ang issue ko lang dito is sobrang baba ng loanable amount if land lang ung collateral.  I think 60% lang ng appraised value ng land.   E yung appraise value na bibigay nila is probably 80% lang ng "true" appraised value ng land.

Offline Thomas

  • PMT Jedi
  • *
  • Posts: 1,326
  • Thanks Received: 6
Re: sanggla to the bank
« Reply #6 on: Mar 21, 2017, 12:10 AM »
Hi maraming salamat sa mga nagreply
Pero hindi po house ang ipapatayu ko two storey building po (commercial building) to be rented by office..My apologies po di malinaw pag kaexplain ko..i think yung pag iibig o sss di tumatangga ng ganitong loan...? Tama po ba ako..? Is there any institution po ba na pwedeng mkaloan sa ganitong investment..?
I don't know of any institution.
I belive Pag-Ibig DON'T lend to commersial, because their purpouse is to add possibility to get own LIVING house.
But there are others, who lend to commersial too.
Different are big in different regions.
You wrote "province". Perhaps Landbank work there. My Saving Grace have in some regions at least farmland loans, which are kind of "commersial" because they are for earning   :)

Offline angeljme

  • Posting Specialist
  • *
  • Posts: 315
  • Thanks Received: 1
Re: sanggla to the bank
« Reply #7 on: Mar 21, 2017, 10:47 AM »
You can try approaching a contractor.  They usually have ways on how you can finance with them in building a commercial building.  They have tie-up banks as well.  This way, you're not only using the land as collateral but the building that would be built there as well.
Just make sure that the land where the building would be built, is also the same land title you'll use as collateral.

Offline bayan

  • Newbie
  • *
  • Posts: 4
  • Thanks Received: 0
Re: sanggla to the bank
« Reply #8 on: Mar 26, 2017, 11:29 AM »
ThNks you sa mga nagreply..🙃🙃

Offline TulogSaPancitan

  • PMT Jedi
  • *
  • Posts: 1,317
  • Thanks Received: 15
Re: sanggla to the bank
« Reply #9 on: Mar 26, 2017, 02:07 PM »
HI fellows,

Good day,ask ko lang po I Have a lot in our province and I wanted to borrow money in the bank making my land as a collateral to erect a building to be rented out and yung kita is to pay amortization and passive income but when I approached one of the bank in our province it says that they stop financing now.My questions is ,Is it difficult to borrow money to bank to finance my planned  building and do you know some bank whom I can approached ..?thank you po.... :cool2:

depends on how much do u need. if ur lot value far exceed the cost of ur planned building, i believe many banks will be interested. but if not then u have to find loan somewhere else. say if u have lots in other places, u may sell it and invest in ur planned construction.
never underestimate the power of stupidity

Offline wilch23

  • VIP 5500
  • *
  • Posts: 5,527
  • Thanks Received: 5
Re: sanggla to the bank
« Reply #10 on: Mar 26, 2017, 03:10 PM »
Contractors don't finance your projects.
Ikaw nga financier nila ...
Downpayment before they start working ...
Progress billing pag meron nagawa ...

 


PMT Shoutbox

Refresh History
  • batang641: hi newbie po ....for sale po lot only 106 sqm sa may SPRING VILL CAMELLA HOMES BACOOR for info call or tx 09102174807
    Jun 21, 2017, 01:53 PM
  • Baby Best: Hello po, newbie lang po, baka po may mga gusto dyan na bumili ng taxi, binebenta ko na po kc ung taxi ko, tnx, pm nyo lang po ako or text or call sa no. ko, 09225957101
    Jun 20, 2017, 09:46 PM
  • Always_listening: SAAN PO UNG CLASSIFIED ADS SECTION?
    Jun 20, 2017, 03:31 AM
  • OSONG: greeting bigas bigas kayo dyan  baka gusto nyo
    Jun 12, 2017, 10:01 PM
  • mark_Lee: hi im back
    May 22, 2017, 01:51 AM
  • aleishamae: hello everyone! newbie here.
    May 17, 2017, 05:25 PM
  • abdulmuiz141911: can someone help me register sa PSE?
    May 16, 2017, 01:36 PM
  • abdulmuiz141911: greetings of peace mga igan...
    May 16, 2017, 01:35 PM
  • supermom88: Hi there. I'm new in this forum. Good day to all of you.
    May 16, 2017, 07:04 AM
  • Tonisj: May nakakaalam ba dito supplier ng mga gadgets? Balak ko Kasi mag online selling. Thanks
    May 10, 2017, 11:24 AM
  • junedarellhausa: bago lang ako.. how to funds my paypal?
    May 09, 2017, 04:29 PM
  • docg: The position has been filled
    May 08, 2017, 12:52 PM
  • docg: Hello all, am looking for guest speakers for a personal finance event, organized by a student organization, please pm me for more info.
    May 07, 2017, 08:16 PM
  • icycool: So ano po online business nyo ngayon?
    May 05, 2017, 08:19 PM
  • LailanaeSu: New bee pano mag advertise dito?
    May 01, 2017, 03:48 PM
  • iamhilton: hello to all : ) If any question regarding online business i'll do my best para masagot yan : )
    Apr 30, 2017, 03:23 PM
  • allydelacruz: Hi newbie here, baka po may gusto magpasupply sa inyo ng bigas at seafoods dyan, from Obnado, Bulacan po ako.
    Apr 23, 2017, 03:07 PM
  • marison: Hello ..newbie here baka may alam kayo buyer ng lobster madami po kami stock
    Apr 20, 2017, 11:07 PM
  • chloe: hello po ask ko lng if ano proseso n dapat gwin pag transfer ng name sa pag ibig if si 1st owner ay ayaw n i continue ang monthly amprtization nya at si 2nd owner n ang mag cocontiniue need p po b ipa change name agad.?
    Apr 20, 2017, 04:20 AM
  • SiPoorMan: i suggest go to proper forum with regards on your concern Mperalejo
    Apr 19, 2017, 07:21 PM
  • MPeralejo: Is there regulatory body i can contact to complain about SMDC turn over after the company received my full payment
    Apr 18, 2017, 03:09 AM
  • MPeralejo: Very bad management service. I purchase unit in the 18th floor with expected turn over on 4/2016 which was delayed until 2017. I was told that the balance has to be paid off before turn over in January 2017 and paid the balance in full 3/9/17 with request to expedite. The same with my mother in-law's unit at 15th floor which was paid 2 weeks before mine. Until now, they will not turn over the unit and can only provide excuses that the engineering dept. is working on it. My aunt who is our representative/interior designer only has till May 14th to stay in the Philippines to get the units ready for my vacation in Jun 1st but they are now telling me that the turn over will be May 22, 2017 plus 1 week. They have receive our money since 3/9 and my mother in-laws in February, yet they want more than 3 months to turn over. By then, i am out of representative/interior designer that I would have to hire another and not only that, my family and I will not have a place to stay on our vacation therefore, i would need to rent elsewhere. SMDC is not willing to cover my losses nor do they know the meaning of "EXPEDITE". This company is a scam! They want your money and not willing to deliver on time. Is the government not regulating this kind of SCAM! I would rather receive a full refund than deal with this company. Don't buy from SMDC. It will be a nightmare for you!
    Apr 18, 2017, 03:08 AM
  • MPeralejo: Is there a complaint dept for SMDC?
    Apr 18, 2017, 03:07 AM
  • jfitz: Hi everyone! Newbie lang ako pero looking forward to learn personal finance :)
    Apr 17, 2017, 07:14 PM
  • mmel: :hello:
    Apr 13, 2017, 05:15 PM
  • edjr.foro: hi everyone! magshare din ako experience sa small business.
    Apr 10, 2017, 05:16 PM
  • mmel: :hello: :hello: :hello:
    Apr 05, 2017, 05:46 PM
  • anicaxia: Newbie here ‚úč
    Apr 02, 2017, 09:26 AM
  • jerinaciline: Hahalo
    Mar 30, 2017, 04:37 PM
  • geysanchezp: hi po. sino po kaya may alam ng patahian ng maramihang blouse yung mura lang po ang singil. salamat
    Mar 30, 2017, 10:32 AM
  • freakyserious: hi anyone who knows a supplier of c2s paper in rolls (hindi by ream). thanks!
    Mar 28, 2017, 05:45 AM
  • linmark16: hello po tanong ko lng kung anong magadang pagkakitaan online..
    Mar 25, 2017, 12:07 AM
  • Speedrace2380: Hi,,,isa po ako ofw dito sa saudi arabia,,,sino po may alam sa import export,,,
    Mar 22, 2017, 01:17 AM
  • xpp9392: hi im looking to borrow money please message me
    Mar 18, 2017, 07:32 PM
  • miembrolang: good day po... pahingi po ng link kung saan makikita step by step ng Pag-Ibig housing Loan lalo na ung tungkol sa Notice of Approval. tnx
    Mar 17, 2017, 04:44 PM
  • aiaicamps: hello po..im new user here.,,looking for an ukay ukay supplier,..thanks po..
    Mar 16, 2017, 01:05 PM
  • Markreen: HOw mgstart dto
    Mar 16, 2017, 11:44 AM
  • trepur10: wala rin akong alam :)
    Mar 16, 2017, 06:51 AM
  • Delna: hi im new
    Mar 12, 2017, 07:26 PM
  • Moniika: Paano  ba to  ? Haha
    Mar 12, 2017, 02:05 PM
  • Moniika: Hi guys
    Mar 12, 2017, 02:01 PM
  • Nhedz: Hi po. Newbie here
    Mar 12, 2017, 07:07 AM
  • dylanreggie: hi newbie here
    Mar 11, 2017, 05:58 PM
  • dhondiex27: Morning
    Mar 10, 2017, 08:55 AM
  • dodido1: good morning
    Mar 09, 2017, 06:21 AM
  • johnren110190: hi any tnt ofw in japan? nandito ako ngaun sa japan pero gusto ko mag tnt ang liit kc ng sahod ko legal ako pumasok pero mliit sahod pero ang trabho halos patayan kc construction.baka may pede jn makausap na tnt dto sa japan. salamat
    Mar 06, 2017, 10:25 AM
  • vicentecarandang: Hello everyone,, newbie for some business involvement...Hope to meet lots of investors..
    Mar 05, 2017, 06:10 PM
  • JustChris: hello everyone.. newbie here.  hope to get tips po for investing salamat
    Mar 05, 2017, 05:01 PM
  • Aldrine22: may alam kayo foreclosed house around laguna?super thanks sa sasagot
    Mar 03, 2017, 11:51 AM
  • magpayo.mattew: San po pala pwede iligay ang paypal ko dito? Di ko po makita
    Mar 01, 2017, 08:33 PM