DMCI Homes offers bank financing to make your home purchase possible at your chosen terms.
For a smooth process, DMCI Homes encourages you to start preparing you Letter of Guarantee (LOG) from your chosen bank at least 5 months before your last month of down payment.
You will receive a reminder letter from the Bank Financing group six (6) months before the end of the down payment period. This letter includes instructions and requirements for the bank financing process. You will be assisted by our Bank Financing group in processing the bank application.
Submit the Letter of Guarantee (LOG) to the Bank Financing group at least 45 days before at he end of the down payment period. In the LOG, indicate whether the closing fees will be covered by the bank or by the client.
You will be notified regarding the receipt of the LOG, which will be then routed among various departments for processing.
The Credit and Collection Department will prepare the Statement of Account and Real Estate Property Tax (RPT) billing.*
You will receive a call and/or email about the amount due for collection, such as loan difference and closing fees
You will also be notified regarding the RPT billing for collection. It can be settled via cash post-dated check, or auto-debit arrangement.
Note: Drawdown will not proceed if there is no payment of RPT
DMCI Homes will submit the loan documents to your preferred bank.
Loan proceeds will be released by your preferred bank.
* In case the account is under another financing term, it will be subject to a restructuring of computation. This will require your conformity, as the restructured computation will be an addendum to your Contract to Sell (CTS).
Interest rates may vary from 5% up to 11% depending on the bank and payment terms. Please inquire with your preferred bank/s for the updated interest rates.
With our wide array of bank partners, you can apply for a home loan at your preferred bank within the flexible terms that suit your lifestyle.