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Apply for a GE Money Bank Home Loan at any of our Cebu branches from February 2 to April 30, 2009 and get the first 3 months of your amortization back plus interest.
Hurry! Visit any of our Cebu branches now! or call us at our Cebu Business Park branch at (032) 233 1540, Lapu-Lapu branch at (032) 340 8611 or Plaridel branch at (032) 256 1478
Promo Terms and Conditions: - Apply for a GE Money Bank Home Loan at any of our Cebu branches and GET THE FIRST THREE (3) MONTHS OF YOUR AMORTIZATION BACK plus INTEREST. (Standard Home Loan application, approval process and policies apply.)
- Promo period is from February 2, 2009 to April 30, 2009.
- The promo is open for the following home loan purposes:
- Purchase of a house and lot
- Purchase of a townhouse
- Purchase of a residential lot with construction
- Purchase of a condominium unit
- Construction of a house (qualified only after meeting the required minimum loan amount)
- Renovation, improvement, or expansion of a house
- Refinancing of an existing home loan
- Reimbursement of a home loan acquisition cost
- Home Equity Loan
- The loan amount should be at least P1,200,000.00 in order to qualify for the promo.
- Minimum loan tenor of 10 years and maximum of 20 years (10 years for lot only).
- The Home Loan should be applied within the promo period, subsequently approved, and availed no later than June 30, 2009 to qualify for the promo.
- Prevailing Bank’s Home Loan rate at the time of loan availment shall be applied. Documentary taxes shall also apply.
- Upon loan documents signing, the client will be required by the branch, where his/her Home Loan account was sourced, to fill out a complete set of Deposit Account Opening Forms for his/her Time Deposit account. The Time Deposit will be opened five (5) banking days from the date of the third monthly Home Loan amortization payment, and will have a maturity of 30 days from issue date. (Prevailing 30-day Time Deposit interest rate at the time of opening shall apply. Time Deposit approval and pre-termination policies shall also apply.)
Time Deposit is a peso-denominated bank product documented by a deposit certificate in which a depositor maintains a fixed amount at a fixed interest rate and term. (Minimum required Time Deposit opening balance is P10,000.00.) - A HOME LOAN PROMO TIME DEPOSIT CERTIFICATE CLAIM VOUCHER will be given to the client upon loan documents signing, which entitles him/her to receive a Time Deposit Certificate, where his/her first three (3) months Home Loan amortization payments will be reflected.
- Unavailed loan, or any default in payment of the first three (3) months Home Loan amortizations shall disqualify the client from the promo, and any HOME LOAN PROMO TIME DEPOSIT CERTIFICATE CLAIM VOUCHER issued shall be considered null and void by the Bank, and will not entitle the client with the issuance of the Time Deposit Certificate.
- Upon the Time Deposit maturity, client can withdraw or roll-over his/her deposit, and get back his/her first three (3) months Home Loan amortizations with interest.
- All Home Loan pre-payments will be subject to a P5,000.00 processing fee. If client pre-pays 30% or more of the outstanding loan amount on or before the third year, he/she will be required to pay the full amount of the first three (3) months Home Loan amortizations plus interest paid.
- Employees of GE Money Bank are eligible to join as long as the loan shall not fall under the employee’s financial plan.
- These terms and conditions are subject to any relevant law, government direction and regulation. The promotion will be void where prohibited or restricted by law.
*Construction Loan or any Home Loan, release in tranches are excluded from the promo. | | | | | |
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