Robinsons Bank Housing Loan | Nook

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Robinsons Bank, the financial services arm of the JG Summit Group of Companies, is one of the fastest growing commercial banks in the Philippines in terms of capitalization and asset size. The bank is 60.0% owned by JG Summit Capital Services Corp. and 40.0% owned by Robinsons Retail Holdings, Inc., a listed company since November 2013.

Product Features
Term
- Up to 20 years for locally employed - Up to 15 years for OFW and self-employed

Maximum Loan Amount
- Up to 90% of total contract price (Accredited Developers)
- Up to 80% of appraised value (Non-Accredited Developers)

Minimum Loan Amount
- 12 to 60 months

Why apply for Home Loan?
- Purchase of the following:
   - House & Lot
   - Vacant Lot
   - Condominium Unit
   - Townhouse
- House Construction / Renovation
- Refinancing / Loan Take-out
- Home Equity Loan

Eligibility
- At least 21 years old but not more than 65 y/o upon loan maturity
- Foreigner with appropriate Alien Certificate of Registration

BEGINNER’S GUIDE

Applying for a home loan in the Philippines can be quite overwhelming given the number of options available for borrowers. It’s no surprise that most borrowers don’t know where to start or even which home loans they should apply for.

But don’t worry because Nook has your back! In this article, we’ll discuss some of the most important things to remember when applying for a Robinsons Bank home loan.

What is the Robinsons Bank Home Loan?

Borrowers can buy a house and lot, a condo, a vacant lot, or a townhouse with the Robinsons Bank home loan. It is also possible to construct or renovate your home.

What Makes the Robinsons Bank Home Loan Unique?

Robinsons Bank offers a maximum loan amount of up to 90% of the total contract price if borrowers buy property from any of its accredited developers.

What Are the Robinsons Bank Home Loan Terms?

To avail of the Robinsons Bank home loan, you need to borrow a minimum amount of P500,000. But, borrowers will be relieved to learn that locally employed individuals have 20 years to pay off.

On the other hand, OFWs and self-employed borrowers have 15 years. If borrowers are interested in purchasing a property from a non-accredited developer, the maximum loan amount is 80% of its appraised value.

How Much is the Interest Rate?

Robinsons Bank offers the following interest rates as follows:
1 year - 6.25%
2-3 years - 6.75%
4-5 years - 7.50%
6-10 years - NAQ
11-15 years - NAQ

Schedule a free consultation with Nook’s home loan experts to discover whether the Robinsons Bank home loan is for you.

Am I Eligible for the Robinsons Bank Home Loan?

To apply for the Robinsons Bank home loan, borrowers must meet the criteria below:
At least 21 years old but not more than 65 y/o upon loan maturity
Filipino citizen or foreigner with an Alien Certificate of Registration

If you want to learn more, book a free consultation with our friendly home loan experts.

What Are the Requirements of the Robinsons Bank Home Loan?

All borrowers must submit the following general documents:

General Documents:

These are the following
Duly filled-out and signed application form
At least 1 government Issued ID
Marriage contract (if applicable)

Income Documents:

Depending on your employment classification, these documents may be requested:

If Locally Employed
Latest Copy of Certificate of Employment indicating salary, position, and length of employment
Latest Payslips

If OFW
Latest employment contract of employment
Latest working Visa
Latest payslips or remittance slips
Special Power of Attorney (SPA) in bank format

If Self Employed
Income Tax Return (ITR) for the last three (3) years
Audited financial statements for the past three (3) years
Business Registration Documents (DTI, Mayor’s permit, etc)
PRC ID (For Professionals)

Collateral Documents:

Robinsons Bank also requires collateral documents:

For accredited developers
Latest Statement of Account
Reservation Agreement or Contract to Sell

For non-accredited developers
Photocopy of the Title
Tax Declaration on land and improvement
Lot Plan Vicinity Map certified by a Geodetic Engineer
Appraisal Fee

How Do I Apply for a Robinsons Bank Home Loan?

Borrowers may apply directly to Robinsons Bank and go through the complicated and stressful process of applying for a home loan by themselves or get in touch with Nook for assistance! As a mortgage broker, Nook handles home loan applications every single day and takes charge of the application process for you. With Nook’s help, you won’t have to go through the hassle of constantly visiting the bank for updates because Nook can do this virtually. Additionally, Nook’s services are completely free!

Home loans may seem intimidating at first, but with Nook, we can help you purchase the dream home you’ve always wanted. Check if you qualify for a Robinsons Bank home loan in just 3 minutes using Nook’s pre-qualification tool from the button below!

3-Minute Pre-Qualification Tool

BEGINNER’S GUIDE

What is the Robinsons Bank Home Loan?

Borrowers can buy a house and lot, a condo, a vacant lot, or a townhouse with the Robinsons Bank home loan. It is also possible to construct or renovate your home.

What Makes the Robinsons Bank Home Loan Unique?

Robinsons Bank offers a maximum loan amount of up to 90% of the total contract price if borrowers buy property from any of its accredited developers.

What Are the Robinsons Bank Home Loan Terms?

To avail of the Robinsons Bank home loan, you need to borrow a minimum amount of P500,000. But, borrowers will be relieved to learn that locally employed individuals have 20 years to pay off. On the other hand, OFWs and self-employed borrowers have 15 years. If borrowers are interested in purchasing a property from a non-accredited developer, the maximum loan amount is 80% of its appraised value.

Am I Eligible for the Robinsons Bank Home Loan?

To apply for the Robinsons Bank home loan, borrowers must meet the criteria below:
● At least 21 years old but not more than 65 y/o upon loan maturity
● Filipino citizen or foreigner with an Alien Certificate of Registration

What Are the Requirements of the Robinsons Bank Home Loan?

All borrowers must submit the following general documents:

General Documents:
● Duly filled-out and signed application form
● At least 1 government Issued ID
● Marriage contract (if applicable)

Income Documents (Depending on your employment classification, these documents may be requested)
If Locally Employed
● Latest Copy of Certificate of Employment indicating salary, position, and length of employment
● Latest Payslips

Self-Employed
● Income Tax Return (ITR) for the last three (3) years
● Audited financial statements for the past three (3) years
● Business Registration Documents (DTI, Mayor’s permit, etc)
● PRC ID (For Professionals)

If OFW
● Latest employment contract of employment
● Latest working visa
● Latest payslips or remittance slips
● Special Power of Attorney (SPA) in bank format

Collateral documents (Robinsons Bank also requires collateral documents)
For accredited developers
● Latest Statement of Account
● Reservation Agreement or Contract to Sell

For non-accredited developers
● Photocopy of title
● Tax Declaration on land and improvement
● Lot Plan Vicinity Map certified by a Geodetic Engineer
● Appraisal Fee

How Much is the Interest Rate?

How Do I Apply for a Robinsons Bank Home Loan?

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Robinsons Bank

Robinsons Bank

Robinsons Bank Home Loans

What is the Robinsons Bank Home Loan?

What Makes the Robinsons Bank Home Loan Unique?

What Are the Robinsons Bank Home Loan Terms?

How Much is the Interest Rate?

Am I Eligible for the Robinsons Bank Home Loan?

What Are the Requirements of the Robinsons Bank Home Loan?

General Documents:

Income Documents:

Collateral Documents:

How Do I Apply for a Robinsons Bank Home Loan?

Robinsons Bank Home Loans

What is the Robinsons Bank Home Loan?

What Makes the Robinsons Bank Home Loan Unique?

What Are the Robinsons Bank Home Loan Terms?

Am I Eligible for the Robinsons Bank Home Loan?

What Are the Requirements of the Robinsons Bank Home Loan?

How Much is the Interest Rate?

How Do I Apply for a Robinsons Bank Home Loan?

Need help deciding which is right for you? Talk to an expert

Need help deciding which is right for you? Talk to an expert

Welcome to the future of loans

Welcome to the future of loans

Need help deciding which is right for you?
Talk to an expert