OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
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  Equicom Savings BankCorporate Offices
Equicom Savings Bank Corporate Offices, 215 Salcedo Street, Legaspi Village Makati City

Equicom 24/7 Customer Service
(632) 2415952 or 1-800-10-EQUICOM (3784266)
     

About Us

Equicom Savings Bank, Inc. is a duly licensed thrift bank majority owned and controlled by Equicom Group and Mr. Antonio L. Go. Mr. Go has an extensive banking track record, having been the former Chairman of Equitable PCI Bank. Mr. Go was also Founder and President of Equitable Card Network, which was established in 1989. It was the Philippines' leading credit card company and also had the distinction of being the only card issuer which carried the four major global credit card brands – VISA, MasterCard, American Express and JCB. Mr. Go was a member of the Executive Committee of VISA International Worldwide, Chairman of VISA International Asia-Pacific from 1998-2005 and was a director since 1980.

Mr. Go is the Chairman of the Equicom Savings Bank Board, while Mr. Rene J. Buenaventura, the former President & CEO of Equitable PCI Bank, is the Vice Chairman.

Currently, Equicom Savings Bank (EqB) has its main office branch in Makati and thirteen (13) other branches in Luzon, Visayas, and Mindanao. Within one (1) year from acquisition by the Equicom Group, the bank has achieved phenomenal growth from three (3) to fourteen (14) branches and is still growing. It has deployed ATMs in all its branches and selected offsite locations and has deployed a total of twenty-eight (28) ATMs within two (2) years from its acquisition. EqB cardholders can access over 9,000 ATMs nationwide through its network affiliation with BancNet, Megalink and Expressnet, and over one (1) million VISAPlus ATMs worldwide. EqB is continuously upgrading its logistics and support systems as it continues to widen its multi-service delivery channels, which now include E-Banking Services (Mobile and Internet banking), Cash Management Services (Deposit Pick-up Service, Payroll Service, and Check-writing Facility), Remittance Services, and acceptance of Bills Payment. The Bank sees rapid growth in the next five years, eventually becoming the preferred bank of SMEs (small and medium-sized enterprises) and consumers.

   

Credit Policy

 
Terms/Conditions Housing Loan
Purpose
  • Acquisition of lots, house and lot, townhouse or condominium units;
  • House construction;
  • House renovation/expansion; and
  • Refinancing/Take-out.
Borrowers’ eligibility

The following are eligible for loans:

  • Permanently employed with a minimum household or family income of P30,000 per month;
  • Businessmen who have been operating profitability for at least 2 years with a minimum disposable monthly income of at least P30,000;
  • Practicing professionals for at least two consecutive years prior to filing of loan application with a minimum disposable monthly income of P30,000;
  • Depositors of the bank;
  • Corporate borrowers; and
All borrowers must be at least 21 years of age and not more than 65 years upon maturity of the loan.
Credit Ratio Monthly amortization of the loan must be within thirty percent (30%) of the borrower’s net take-home pay/net disposable income
Loan amount
  • Minimum: P500,000
  • Maximum:
    - 80% of Appraised Value of the collateral/security if loan is not more than P5.0 Million.
    - 70% of Appraised Value of the collateral/security if loan is over P5.0 Million
Loan Security 1st party mortgage on property to be financed
Loan-to-Collateral Ratio
  • Up to 70% of appraised value for lot purchase
  • Up to 80% of appraised value for house & lot/condominium/townhouse
Loan Term

7 to 20 years

Interest rate based on the prevailing housing loan rates in the market
 
View the above data in the Equicom Savings Bank websiteicon
Pertinent details information of housing loans (FAQS)icon
     
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creba   CREBA
Chamber of Real Estate and Builders' Associations
oshdp   OSHDP
Organization of Socialized Housing Developers of the Philippines
shda   SHDA
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