PAYMENT TERMS: EAST GATE RESIDENCES (LAPU-LAPU) OPTION 1: CASH OR IN-HOUSE FINANCING ( 1 year to pay for the TCP , zero (0%) interest RESERVATION FEE: 20,000 ( NON-TRANSFERRABLE / NON- REFUNDABLE ) DOWNPAYMENT : 20% payable in 3 monthly installments BALANCE : 80% payable in 9 monthly installments SAMPLE COMPUTATION: IN-HOUSE FINANCING (0% interest) TOTAL CONTRACT PRICE: Php 1,950,000.00 20% DP / EQUITY : Php 390,000.00 LESS RESERVATION:Php 20,000.00 NET EQUITY :Php 370,000.00 Net equity payable in 3 Months: Php 123,333.33 BALANCE 80% :Php 1,560,000.00 Net 80% balance payable in 9 months: Php 173,333.33 OPTION 2: BANK FINANCING RESERVATION FEE: 20,000 ( NON-TRANSFERRABLE / NON-REFUNDABLE ) DOWNPAYMENT : 20% payable in 3 monthly installments BALANCE : 80% payable thru bank- financing SAMPLE COMPUTATION: BANK FINANCING TOTAL CONTRACT PRICE: Php 1,950,000.00 20% DP / EQUITY : Php 390,000.00 LESS RESERVATION FEE : Php 20,000.00 NET EQUITY : Php 370,000.00 Net equity payable in 12 months: Php 30,833.33 BALANCE 80% (LOANABLE AMOUNT): Php 1,560,000.00 ESTIMATED COMPUTATION FOR BANK FINANCING: 5YEARS TO PAY:Php 32,953.82 10 YEARS TO PAY: Php 20,615.51 15 YEARS TO PAY: Php 16,763.84 20 YEARS TO PAY: Php 15,054.34
Posted on: Fri, 06 Sep 2013 11:21:35 +0000
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