RLC Offers Payment Package For Condo Buyers

Posted on Aug 03 2008 | Filed in: Loans and Financing

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Robinsons Land Corporation launches its Super Easy Home Fixed Installment Scheme, a package that does not require you to pay a lump-sum downpayment or turnover payment. This is initially being offered for interested buyers of these seven residential properites…

And those 7 properties are:

  • The Trion Towers
  • Sonata Private Residences
  • Woodsville Viverde Mansions
  • Amisa
  • Three Adriatico Place
  • East of Galleria
  • Gateway Regency

This payment scheme allows you to build up equity in installments over a period of time, at zero percent interest. The balance is later automatically taken out through a pre-bundled bank loan via Robinsons Savings Bank (RSBank), according to Joaqui Ng, the RLC head for Mortgage and Buyer Finance.

In other words, you will be required to pay a single fixed installment amount from equity buildup to paying the prebundled bank loan, for as long as 15 years. Simply set your budget for monthly amortization, and match it to the fixed installment amount of the unit of your choice.

There is no lump-sum downpayment involved.

This payment plan is perfect for buyers who are salaried, OFW families who receive fixed monthly remittances, or you who enjoy a recurring monthly income.

How To Apply

1. Visit any of RLC’s booths in Robinsons Malls, or visit any of the model units. You may also call 636-0888 to inquire and pick the unit and corresponding fixed installment amount more suited for your requirements.

2. After making your choice, please accomplish an Application Form and submit the usual credit requirements to your Robinsons Land account manager.

3. You will have the option to pay a minimal reservation fee to exclusively hold the unit for 30 days, while your application is being evaluated by RSBank.

4. You can expect the results of the evaluation in as short as 7 days.

5. Upon approval, the sale is booked and the buyers begins to pay the fixed installment amount 30 days after reservation.

Robinsons Land Corporation is a publicly-listed major real estate company with 23 shopping malls, 26 residential condos, 6 office buildings, 31 housing and land developments, and 4 hotels.

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