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Most important, we understand that everyone's financing needs are unique. We are committed to providing you with specific schemes and personalized services that best meet your individual needs. As a customer, you will be able to take advantage of a number of schemes and incentives only offered by Ayala Land, Inc.
Payment schemes
Payment schemes vary on a per-project basis. Typical payment schemes include cash, near-cash, (with a certain % due for downpayment and the balance payable within 90 days), in-house financing (with a certain % due for downpayment and the balance payable within 1 to 10 years, subject to in-house approval), and bank financing (with a certain % due for downpayment from the buyer and the balance financed by the bank, payable up to a maximum of 25 years, subject to bank approval).
1. Cash
Cash 30 or Cash 60 - Full amount, less applicable discount, is paid 30 or 60 days after the reservation date.
Sample Computation
Cash 30 - Full amount, less applicable discount, is paid 30 days after the reservation date.
Sample Computation
Total Selling Price
| 15,040,000.00
| Less: Cash Discount (12%)
| 1,804,800.00
| Discounted Selling Price
| 13,235,200.00
| Value Added Tax (12%)
| 1,588,224.00
| Other Charges
| 434,365.20
| TOTAL
| 15,257,789.20
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Cash 60 - Full amount, less applicable discount, is paid 60 days after the reservation date. Sample Computation Total Selling Price
| 15,040,000.00
| Less: Cash Discount (11%)
| 1,654,400.00
| Discounted Selling Price
| 13,385,600.00
| Value Added Tax (12%)
| 1,606,272.00
| Other Charges
| 438,244.60
| TOTAL
| 15,430,116.60
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2. Deferred 30-70 schemes - 30% downpayment is given 30 days after reservation date, and the balance paid within 120 days. Sample Computation Total Selling Price
| 4,540,800.00
| Less: Cash Discount (5%)
| 227,040.00
| Discounted Selling Price
| 4,313,760.00
| 30% Downpayment
| 1,294,128.00
| Less: Reservation Fee
| 50,000.00
| Net Downpayment
| 1,244,128.00
| Monthly Downpayment (Net DP/4 mos.)
| 311,032.00
| Other Charges (119,053.60/4)
| 29,763.34
| Total Monthly Downpayment
| 340,795.34
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20-80 schemes - 20% downpayment is given 30 days after reservation date, and the balance equally spread over the construction period or a minimum of 2 years at 0% interest. Sample Computation Total Selling Price
| 12,188,000.00
| 20% Downpayment
| 2,437,600.00
| Less: Reservation Fee
| 50,000.00
| Net Downpayment
| 2,387,600.00
| Monthly Downpayment (Net DP/24 mos.)
| 99,483.33
| Other Charges (400,435/24 mos)
| 16,687.79
| Total Monthly Downpayment
| 116,168.12
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3. Installment 10-20-70 scheme - 10% downpayment is given 30 days after reservation date, 20% is equally spread over the construction period with applicable interest, and a lump-sum/balloon payment of 70% is paid on the last month. Sample Computation Total Selling Price
| 15,040,000.00
| 10% Downpayment
| 1,504,000.00
| Less: Reservation Fee
| 50,000.00
| Net Downpayment
| 1,454,000.00
| Monthly Downpayment (Net DP/37 mos.)
| 39,297.29
| Other Charges (519,934.20/37 mos)
| 14,052.28
| Total Monthly Downpayment
| 53,349.57
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10-10-80 scheme - 10% downpayment is given 30 days after reservation date, 10% is equally spread over a number of months (0% if within 10 months, but with an applicable interest if within 22 months), and a lump-sum/balloon payment of 80% is paid on the last month. Sample Computation Total Selling Price
| 15,040,000.00
| Less: Cash Discount (1%)
| 150,400.00
| Total Selling Price
| 14,889,600.00
| 10% Downpayment
| 1,488,960.00
| Less: Reservation Fee
| 50,000.00
| Net Downpayment
| 1,438,960.00
| Monthly Downpayment (Net DP/18 mos.)
| 79,942.22
| Other Charges (565,345.60/18 mos)
| 31,408.08
| Total Monthly Downpayment
| 111,350.30
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4. Bank financing20-80 scheme - 20% equity is paid 30 days after reservation date, with the balance 80% to be paid through bank financing in 60 days Sample Computation Total Selling Price
| 9,002,000.00
| Less: Cash Discount (7%)
| 630,140.00
| Total Selling Price
| 8,371,860.00
| 20% Downpayment
| 1,674,372.00
| Less: Reservation Fee
| 50,000.00
| Net Downpayment
| 1,624,372.00
| Monthly Downpayment (Net DP/2 mos.)
| 812,186.00
| Other Charges (286,536.16/2 mos)
| 143,268.08
| Total Monthly Downpayment
| 955,454.08
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5. Pag-Ibig FinancingApplicable for lot and house-and-lot only. Downpayment may be paid on the spot or in installment, with the balance spread over a maximum term of 240 months at 12% interest (rates subject to change please reconfirm with your sales agent). Options to ApplyApplying for an Ayala Land In-House Financing scheme is fast, easy and convenient. For your convenience, we provide you with two options for filling out and submitting your application. - Apply online - It's fast. Once we receive your application, our Customer Service Representative will contact you within one business day or less. Click here to apply online.
- Contact your Sales Agent - Your Property Specialist or Sales Agent can help you apply, fill up the form and assist you in preparation. If you don't have a Property Specialist or Sales Agent, contact us.
How much does a typical property (lot, house-and-lot, condo) cost?
The cost of the property is typically affected by the factors which buyers take into consideration when buying. A typical lot: Ayala Land Premier - minimum package price of P4 million
Alveo Land Corp. - minimum package price of P1.8 million (VAT exclusive)
Avida - minimum package price of P140,000 (VAT inclusive) A typical house-and-lot: Ayala Land Premier - minimum package price of P8 million
Alveo Land Corp. - minimum package price of P9 million (VAT exclusive)
Avida - minimum package price of P980,000 (VAT inclusive) A typical condo: Ayala Land Premier - minimum package price of P6 million
Alveo Land Corp. - minimum package price of P2.4 million (VAT exclusive)
Avida - minimum package price of P980,000 (VAT inclusive) What factors should I consider when choosing a payment scheme?
For cash or near-cash schemes (i.e. a portion of selling price is paid on the first 30 days and the remaining balance on the next 60 days), the following are the factors you should consider: 1. How much money you have saved (which will help you pay the entire price within the 30-day/60-day period)
2. Amount of discount offered by Ayala Land as compared to your foregone investment earnings.
For in-house financing, you need to consider:
1. How much money you have saved (which will help you pay for downpayment and closing costs)
2. How much net cash flow you have on a monthly or periodic basis (which will help you pay for monthly or periodic installment payments)
3. Interest cost attached to the payment scheme (if any)
4. Ease of transacting directly with Ayala Land as compared to a bank (i.e. less documentation requirements)
5. The advantage of not paying up a large one-time amount
For bank financing, the factors to consider are similar to in-house financing, except for lower interest rates, stricter bank requirements, and the benefit of having the Title transferred to your name sooner if you use a different property as your collateral. If you choose to use the property you purchased as your collateral, the Title will be transferred to your name; however, it will be kept by the bank until you complete your mortgage payments.
How do I know how much I can afford to purchase? How much can I borrow? How much downpayment and monthly amortization will I have to pay?
A Property Specialist will be able to give you an idea of the price of the property you're thinking of purchasing, how much downpayment is needed, and how much the monthly amortizations and/or the lump sum payments are, if applicable. The amount of financing a bank will extend varies with each bank and is affected by both the property's appraised value (as determined by the bank) and the capacity of the buyer to pay (as evaluated by the bank). Typical bank financing is normally up to 80% of the selling price (VAT included) but BPI Family Bank, a sister company of Ayala Land, has recently launched a program allowing buyers of Ayala Land Premier and Community Innovations properties to borrow up to 90%. How much do I have to pay for downpayment and closing costs?
Downpayment varies for each type of project. Typical amount of downpayment ranges from 10% to 30% of the package price. Most downpayment is due upfront. In some cases especially for Avida, it may be spread over a number of months. Typical closing costs include taxes, registration fees, insurance, etc. Please contact your Seller for the applicable closing costs particular to the property you are interested to purchase. What is the process for securing in-house financing? How will my application for in-house financing be evaluated?
For in-house financing, financing is extended by the company who is selling the property. Under this scheme, there is no transfer of ownership to the buyer until the property is fully paid. If you are interested in securing in-house financing, gather information about your savings and monthly cash resources and outflow profile. Typical factors affecting evaluation and approval of a request for in-house financing include the following: 1. Proof of monthly or periodic net cash inflow.
2. Size and quality of assets and investments currently owned
3. Credit track record (as verified with other bank dealings and the presence of any court cases)
4. Purchase of and good payment track record for other Ayala Land properties, etc.
5. Tenure with the employer or number of years in business, in case of a professional or an entrepreneur.
An application for in-house financing is typically evaluated within a period of two weeks to one month, assuming that the necessary supporting documents are complete.
What is the process for securing bank financing? Which banks can I consult and how do I get in touch with them? How will my application for bank financing be evaluated?
For bank or external financing, financing is extended by a bank or financial institution such as Pag-Ibig or NHMFC (National Home Mortgage and Finance Corp.). Under this scheme, ownership of the property is transferred to the buyer. The buyer in turn mortgages the property to the bank. This is typically covered by a Deed of Mortgage. If you are interested in securing bank financing, take these steps: 1. Gather information about your savings and monthly cash profile.
2. Secure a list of the documents required for bank financing.
3. Contact the bank representative or mortgage officer for clarification on the factors which will affect their evaluation of your in-house financing application.
4. Also gather information on applicable interest rate, term, and processing timetable.
5. Await feedback from the bank mortgage officer for any additional documents they may request or for a formal advice of approval for in-house financing.
6. Immediately advise your Seller once you have been informed by the bank of the approval of your financing application. Typically, loan proceeds will be released by the bank directly to Ayala Land as the Seller. In exchange, Ayala Land will release the proof of ownership (e.g. Transfer Certificate of Title) directly to the bank, upon your endorsement.
BPI Family Bank, Banco de Oro, Chinabank, EquitablePCI Savings, Metrobank, and Philippine National Bank offer financing for Ayala Land properties. For Avida, BPI Family Bank, PS Bank, and EquitablePCI Bank are preferred. A bank directory shall be provided to buyers upon request.
Typical factors affecting evaluation and approval of a request for bank financing include the following: 1. Proof of monthly or periodic net cash inflow.
2. Size and quality of assets and investments currently owned
3. Credit track record (as verified with other bank dealings and the presence of any court cases)
4. Purchase of and good payment track record for other Ayala Land properties, etc.
5. Tenure with the employer or number of years in business, in case of a professional or an entrepreneur.
An application for bank financing is typically evaluated within a period of two weeks to one month, assuming that the necessary supporting documents are complete.
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