PROMO MECHANICS

 

I.      Qualifications

The promo is open to all approved HomePlus loan clients during the Promo Period.

 

II.     Program Details

1.     Newly approved HomePlus Loan clients with minimum loan amount of ₽1 million and maximum loan amount of ₽10 million may avail of the Bank’s special interest rate of 6.75% p.a. fixed for five (5) years and waiver of bank fees and charges up to ₱50,000.00 only, provided that they also avail all of the following products and services as a bundle:

 

a.   Chinabank Credit Card;

b.   Mortgage Redemption Insurance (MRI) through Chinabank Insurance Brokers, Inc. (CIBI); and

c.   Property Insurance through CIBI (the “HomePlus Bundle”).

 

2.     Promo Period - All applications for HomePlus Bundle with complete requirements received from February 1 to June 30, 2025.

 

3.     Disbursement / Booking Period - All HomePlus Bundle applications received during the Promo Period must be subsequently booked until July 31, 2025 only.

 

III.   Terms and Conditions

1.   To qualify for the Promo, the HomePlus Bundle applicant must meet the following conditions:

 

a.   The Borrower/Co-Borrower must be both a Filipino Citizen and Philippine resident during the Promo Period and Disbursement/Booking Period.

b.   The Borrower/Co-Borrower must submit complete application requirements to Chinabank during the Promo Period and the HomePlus Loan must be disbursed no later than July 31, 2025.

c.   The purpose of the HomePlus Loan application must be for:

                                          i.    Acquisition of residential house and lot, townhouse, condominium unit (with or w/o parking slot);

                                         ii.    Refinancing or Loan take-out of residential property from other banks or financial institutions; or

                                        iii.    Reimbursement (for newly purchased residential property within 1 year).

 

2.     The HomePlus Loan and Credit Card applications shall be evaluated based on the Bank’s credit policies and standards.

 

3.     The HomePlus Loan shall have a minimum loan term of 5 years.

 

4.     Upon fulfillment of the terms and conditions stated above, the special HomePlus Loan rate of 6.75% p.a. fixed for 5 years will be applied at the time of loan disbursement. Thereafter, interest rate shall be subject to review at the Bank’s prevailing rate as of the time of loan repricing.

 

5.     Maximum amount of bank fees and charges to be waived will depend on actual cost but not to exceed ₱50,000.00.  The waiver of bank fees and charges* shall only cover the following:

                                          i.    Filing Fees

                                         ii.    Processing Fees

                                        iii.    Miscellaneous Fees

                                        iv.    Notarial Fees

                                         v.    Mortgage Registration Fees

 

*Documentary Stamps Tax on Real Estate Mortgage (REM) and Promissory Note (PN) and Insurance Premiums such as Mortgage Redemption Insurance (MRI) and Fire/Mortgage Property Protection Insurance (MPPI) and other loan-related fees are not included and should be paid separately by the Borrower/s.

 

6.     This Promo is not applicable to the following:

• New loan to pay off existing HomePlus loan with Chinabank; and/or
• Borrowers with past due account status for any of the following Consumer Banking Products: HomePlus Loan, AutoPlus Loan, or Chinabank Credit Card.

 

7.     All post approval documents and requirements must be complied with prior to loan disbursement to be eligible to avail the Promo.

 

8.     HomePlus Loans availed under this Promo are subject to a lock-in period of 60 months (5 years) from date of loan disbursement.

 

9.     If the Borrower requests for a partial or full payment of his/her HomePlus Loan account during the lock-in period, Chinabank shall pro-rate the waived bank fees and charges which shall be charged to the Borrower’s loan account.

 

10.  If the Borrower is found to be in violation of any of the terms of the Promo within the lock-in period, the Borrower shall fully and completely reimburse the Bank for all waived bank fees and charges.

 

11.  This Promo is non-transferrable and cannot be exchanged for cash or other items or used in conjunction with other promotions or discounts or other special accommodations unless otherwise specified in the Promo mechanics.

 

12.  Standard Chinabank HomePlus Loan and Credit Card Terms and Conditions shall apply. Applicable terms and conditions of MRI and Property Insurance obtained from CIBI shall apply.

 

13.  In case of any dispute related to the Promo, Chinabank's decision, in concurrence with the DTI, will be deemed final and non-negotiable.

 

14.  By joining this Promo, the Borrower confirms that he/she has read, understood, and agrees to be bound by the mechanics of the Promo.

 

For any concerns, inquiries and requests in relation to this Promo, Borrowers may make use of the contact channels provided below. Upon receipt thereof, Chinabank shall then conduct a comprehensive investigation in accordance with its established procedures and Borrowers shall be notified of its findings, if applicable, which findings shall be final and conclusive.

 

Per DTI Fair Trade Permit No. FTEB-212732 Series of 2025