2.7 M million personal loan for 5 years

[chasingod]

Hello fellow redditors, ask lang for help and suggestions, im planning to loan 2.7 M, and currently ang credit history na meron lang ako is UB since nov 2023 lang and mababa siya, 15 K (kakasimula ko lang)

So ang naiisip ko is magpersonal loan sa bank gamit collateral is title ng bahay.

Ano po pinakalowest rate at best banks na pwede sa ganitong setup?

Thanks in advance sa mga advice/suggestions!

 

[youcanjustcallmedory]

@chasingod I recently asked around banks near me for 5-year fixed term eto nakuha kong rates. Yung PNB ilang beses ko inulit pero ewan ko ba kung legit yung 6.88 haha

RCBC - 7.5,
BDO - 8,
PNB - 6.88,
Eastwest - 7.99

 

[rlheart]

@youcanjustcallmedory Yes mababa ang rate ng PNB, offer nila sakin 6.40 for refinancing. Japan branch ung PNB.

 

[ajdlga]

@chasingod Hey there!
The rates at moment are a little steep.
But let me share what I have sourced from BPI housing loan.

1 yr 7.00%
2 yrs 7.25%
3 yrs 7.75%
4 yrs 8.00%
5 yrs 8.25%

 

[chasingod]

@ajdlga Thanks for the info! Any idea po ba gaano katagal ang approval ng loan from BPI?

 

[ajdlga]

@chasingod It’s just 2 months in total!
Approval and negotiation for better rates.
As well as surveying the mortgage to assess the value of whatever u submit!