Having your dream house is a big decision to make but searching for a developer that has a project suited on your budget is a big help. When you decide to purchase in a developer, the property that you’re going to purchase will be the collateral if you do bank financing or pag-ibig financing. You don’t need to use your own property to be the collateral.

Aside from that, another advantage of purchasing a property in a developer is that it is less hassle for you. You just need to comply the requirements needed and the developer will do the rest. You will just sit and relax and wait for the approval of your loan.

So we have different banks here in Cagayan de Oro City that you can choose to avail a Housing or Home Loan.

UCPB(United Coconut Planters Bank)

In year 1963, UCPB was born. It is the first private Philippine bank that became a universal bank securing its expanded commercial banking license in 1981. UCPB is an outstanding provider of financial services and products to private and government institutions, corporations, middle market companies, medium-small- sized businesses and individuals in the country.

You can visit the official Website of UCPB bank for the Housing Loan information: click here

BPI (Bank of the Philippine Islands)

BPI was established on August 1, 1851, under Spanish colonial rule, BPI was originally known as El Banco Espanol Filipino de Isabel II, named after the Queen of Spain, Isabel II.

It is the first bank that was established here in Philippines, and was responsible for starting the country’s banking and finance industry. Playing a unique role in the early economic history of the country, the bank performed many functions that in effect made it the country’s Central Bank, including proving credit to the National Treasury and printing and issuing currency in its own name.

Today, BPI is acknowledged as a leading provider of financial services in the Philippines.

You can visit the official Website of UCPB bank for the Housing Loan information, click here

For the loan Rates, you can visit here

BDO (Banco de Oro)
Date Established: January 2, 1968.

It started off as a thrift bank (Acme Savings bank). It is commonly known as Banco de oro and BDO the largest bank here in Philippines. BDO is a member of SM Group of Companies owned by tycoon Henry Sy.

Banco de Oro is a full-service universal bank. It provides products and services to the retail and corporate markets including lending (corporate, middle market, SME, and consumer), deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management and remittances. Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage and Stock Brokerage services.

You can visit the official Website of UCPB bank for the Housing Loan information, click here

PS Bank (Philippine Savings Bank)
Date Established: September 26, 1960

PS Bank is a subsidiary of Metrobank. It is affiliated with Toyota Financial Services Philippines Corporation. It is a savings bank based here in the Philippines and is the second-largest savings bank of the country.

For housing loan information, click here

Metrobank
Date Established: year 1962

Metrobank is a multi-awarded bank with a solid track record spanning over 50 years. It is a leading financial conglomerate with diversified business portfolio. It offers full range banking serives to large local and multinational corporations, SMEs, middle market, high net-worth individuals and retails segment.
Metrobank is majority owned by the TY Family whose major business interests include real estate, financial services, power and manufacturing.
For housing loan information, click here

RCBC bank(Rizal Commercial Banking Corporation)
Date Incorporated: August 4, 1960

RCBC is incorporated as the Rizal Development Bank and received approval to operate as a commercial bank in December 1962. The Rizal Commercial Banking Corporation (RCBC) is one of the largest universal bank in the Philippines with total consolidated resources of Php 422 billion as of end-2013. As a diversified financial services institution, RCBC serves corporate and individual banking needs through the most appropriate vehicles to serve its chosen markets with innovative products and services.

For Housing Loan information, click here

There are still other banks that you can choose with, it’s up to you which you relies the most.