Land Acquisition Loan

Land Acquisition Loan is a term loan with interest payable in fixed monthly installments, secured by a real-estate collateral owned by the member borrower.

Improve your future financial security by investing into something that does not expire. Turn your investment plans into reality! Apply for an AGDAO COOP Land Acquisition Loan today.

This loan product is specifically designed for the purchase of real-estate land/lot.

• Who are eligible to borrow?
  • Members in good standing
  • With stable source of income (from employment or business) for at least 2 years
  • Not more than 65 y.o. at the time of loan maturity
• How much can be borrowed?
  • Up to 80% of the total appraised value of the land
• What are the payment terms?
  
  • Up to 10 years
  • Up to 15 years for residential purpose only
• How much is the interest?
  • 7.5% (10 years)
  • 8.5% (15 years)

Other fees also apply such as service fee, loan insurance, notarial fee.