Megaworld Corp. brings you One Uptown Residence, a residential condominium located at 8th Avenue cor. 36th Street, Bonifacio Drive, Bonifacio Global City, Taguig. At this condominium, urban living is
Megaworld Corp. brings you One Uptown Residence, a residential condominium located at 8th Avenue cor. 36th Street, Bonifacio Drive, Bonifacio Global City, Taguig. At this condominium, urban living is combined with elements of nature. Enjoy different amenities include swimming pools, a zen garden, a gym/aerobics room, a yoga/pilates room, an outdoor and indoor play area, a game room, multi-purpose rooms, basketball courts, and function rooms.
Notable landmarks: 1. Uptown Mall-BGC Mall 2. The British School Manila 3. S&R Membership Shopping 4. St. Luke’s Medical Center-Global City 5. MA Montessori School 6. University of Makati
Affordable Housing Loans You Can Get To Buy a New Condominium
There are a lot of affordable housing loans that you can consider to help you buy the new Condominium you’ve been dreaming of.
PAG IBIG Housing Loan (HDMF)
One of the most popular ones is the PAG-IBIG Housing Loan or the Home Development Mutual Fund (HDMF for short), a fund dedicated to the creation and establishment of a national savings program and an affordable shelter financing scheme for Filipinos.
The PAG-IBIG Housing Loan allow members to borrow money from the fund for the purchase of property or for the renovation or improvement of existing properties.
Most of the employed Filipinos have PAG-IBIG accounts because the government requires this to all employers.
Pag-IBIG Fund members can pay off their housing loan for as long as 30 years.
Commercial Bank Housing Loans
There are tons of major banks in the Philippines that offers housing loan with much affordable interest rates than PAG-IBIG.
Housing loan interest rates charged by major commercial banks range from 4.99% to 7.5% for one-year fixed loan period and 7.5% to 9.75% for a ten-year fixed period mortgage. Banko Sentral ng Pilipinas (BSP) has now kept its policy rate at 4.57% for overnight borrowing.
Commercial banks offer loan terms of up to 20 to 25 years, but in some cases, the term might depend on the purpose of the loan.
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