Basic eligibility requirements: Any individual with a capacity for civil conduct and a permanent abode; legally employed with a stable income source; and who is able to repay loan principal and pay interests; and to meet other conditions as stipulated by the bank.
Required documentation presented for loan application: loan application form; property purchase contract; documentary proof of down payment; personal identity document; documentary proof of personal income; Pacific Card; third-party guarantee acknowledged by the bank and other documents as required by the bank.
Flexible loan period: 30 years maximum.
Flexible mode of mortgage repayment: equal installment for repayment of principal and interest; equal installment for repayment of principal; upfront repayment of principal with interest; interest repayment by installment with upfront repayment of principal.
Simple mortgage procedures: signing of residential property purchase contract --- down payment ---- submission of loan application ---- application review and approval by bank ---signing of mortgage contract ---completion of loan-issue procedures ---issue of loan by the bank --- loan repayment by borrower according to the mortgage contract.
Inquiry telephone number: 95559