What are the fees I need to pay?

Hi there, luv! The applicable fees to be deducted from the proceeds of your approved Big Loan are as follows:

One-time fees:

  • Processing Fee of Php 5,000.
  • Document Stamp Tax of Php 1.50 for every Php 200 of the Loan Amount.

Upon release, and Annually thereafter:

  • Mortgage Redemption Insurance Premium Php 4.00 for every Php 1,000 of the Loan Amount.
  • Property Insurance Premium 0.095% of the loan amount + applicable taxes
  • Registration fee of 1.5% of the Loan Amount
  • Pre- Termination Fee 5% of the Outstanding Loan Amount (if applicable)

A late payment fee of Php 2,500 will also be charged as applicable, luv! XOXO