Stability in times of uncertainty

Today’s global financial turmoil brings a lot of uncertainty to the financial and consumer markets. Stock markets crash, capital values plummet, and banks tend to preserve their liquidity to protect themselves from further uncertainty. Hence, credit gets tighter and tighter, and lending interest rates keep on increasing to give banks an additional safety margin for credit losses during tough times.

“Indeed, difficult and uncertain times call for extreme prudence in handling one’s hard earned money. This is the underlying principle behind Robinsons Land Corporation’s newest Super Easy Home Fixed Installment payment plan. It is the first installment payment plan in the industry today that revolves around only one fixed installment amount, whether for building up equity, or amortizing the pre-bundled bank loan for the remaining balance thereafter. The single fixed installment amount is key ingredient to providing our buyers with peace of mind when purchasing a property”, says Joaqui Ng, RLC head for mortgage & buyer finance.

For example, for every P1 million condo (net of reservation fee), a buyer would be quoted a P10,300 per month fixed installment amount. The buyer would be required to pay this P10,300 for 20 months, interest free, for a total of P206,000 worth of equity at the end of 20 months. The contract balance amounting to P794,000 will be automatically taken cared of by a pre-bundled Robinsons Bank mortgage loan for 15 years. The monthly amortization required for the mortgage loan is the same P10,300/ mo. fixed installment amount. Hence, the buyer is only required to pay P10,300/ mo. from start to finish. “This gives our buyers protection from uncertainties and ease of budgeting. One only needs to compare the fixed installment amount to his budget for monthly installments, and if it fits, then you can make a ‘worry free’ purchase”, Ng added.

To date, there are 23 shopping malls, 26 residential condominiums, 6 office buildings, 31 housing & land developments, and 4 hotels. Visit our website at: www.robinsonsproperties.com.ph.