RLC Offers Super Easy Home Fixed Installment Scheme
Philippine Star
February 20, 2008

Robinsons Land Corporation (RLC) recently launched its Super Easy Home Fixed Installment scheme which allows prospective buyers with “no more worries on lump sum down payments or lump sum balloon payments at the end of the payment term.”  According to Joaquin Ng IV, RLC assistant vice president, Mortgage & Buyer Finance, Robinsons Land developed this unique financial package to provide ease and convenience for its condominium buyers.  “It’s the first financing tie-up that has made the transition from developer to the bank super easy.  Much like an auto loan, the prospective buyer is subject to pre-approval by an RLC accredited bank like Robinsons Bank to be able to qualify under this scheme.  “There will only be a single amortization payment from equity build-up stage to bank loan.  Thus, the effect to the buyer is that he will be paying for the unit applying exactly the same monthly installment from start till the end of the payment term” adds Ng.

RLC’s Super Easy Home Fixed Installment scheme includes equity built-up for the first year at 0% interest spread in 12 monthly installments.  The balance is automatically taken out by the Robinsons Bank with a choice of 10- or 15-year loan terms.  “For those buyers who want to provide up-front equity, the lump sum payment will automatically be deducted from the balance to be paid and therefore lowers the monthly installment obligations,” notes Ng.

Check out RLC’s residential projects AmiSa in Cebu, The Trion Towers and Fifth Avenue Place located in Fort Bonifacio, and One Gateway Place and Gateway Garden Ridge in Pioneer, Mandaluyong which this scheme is applicable

Publicly-listed Robinsons Land Corporation is a major real estate player in the Philippines.  RLC’s growing portfolio covers various operations involving shopping centers, high-rise residential condominiums and town houses, housing and land with residential subdivisions (projects and properties), with office buildings as well as hotels.  To date, there are 20 shopping malls, 23 residential condominiums, 5 office buildings, 27 housing and land developments, and three hotels.  Visit website at www.robinsonsproperties.com.ph or contact 6360888, 0922-8380888.

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