The home Guaranty Agency are required not as much as R.An excellent. 8763 to give promises into the construction money or any other credit business to help you remind funders and you can financial institutions to provide capital to possess house buy and bulk construction development. The new HGC guaranty provides the following positive points to their customers:
Chance Defense – In the event the a guarantee phone call is eligible, HGC will pay 100% of the outstanding dominant balance and secured notice as high as 11%.
- Sovereign Warranty – The HGC guaranty sells new unconditional guarantee of one’s Republic.
- Zero-Exposure Classification – HGC-protected finance keeps zero chance lbs. Banking companies is excused out of bringing risk financing supplies to your HGC-secured funds.
- Highest Mortgage Philosophy – The newest Bangko Sentral ng Pilipinas allows increased mortgage really worth, particularly doing ninety% from appraised property value the new collateral to possess funds around P3.0 million and you can protected by a keen HGC warranty.