OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
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The Real Bank (A Thrift Bank) Inc. Address
Loans Management Group
7/F President Tower #81
Timog Ave., Quezon City 1100

     

 

Brief Background

Established in 1976, Real Savings and Loan Association Inc. (RSLAI) started as a single-branch bank in Cainta, Rizal. It remained as such for more than fifteen years with minimal growth until the current group of owners led by Realty Developer Jose L. Acuzar took over in 1994. A new management came in headed by Jose G. Araullo as Chairman of the Board in 2003 and Alfredo S. Barretto as President in 2004. Further, the new management improved operations effecting significant growth in terms of the following:

  • Approved capitalization increased to P1 Billion and paid-up capital as of July 31, 2012 is P1.8 Billion.
  • Branch Network grew from four branches – in Cainta and Masinag of Rizal and in Malolos and Guiguinto of Bulacan - to twenty-four (24) branches including the transfer of its Head Office to Timog Avenue, Quezon City. The additional branches were distributed throughout the major growth municipalities of Bulacan, Laguna, Cavite, Rizal, Batangas and Metro Manila.
  • Products and Services expanded to include demand deposits, special savings, foreign currency deposit operations, conduit lending, computerized CASA operations, ATM as well as Consumer, Auto Loans and Real Estate Loan.
  • Resources continue to grow from P9.27 Billion in 2009 to P11.86 Billion in 2010.
 

Credit Policy

Terms/Conditions Housing Loan
Purpose Purchase of lot, house & lot, condominium unit, townhouse
Borrowers’ eligibility
  • Filipino citizen, whether residing domestically or staying abroad
  • The borrower should not be more than 65 years old at the time of loan maturity
Credit Ratio 30% of gross verifiable monthly income
Loan Amount Total Outstanding Balance or 80% of the Total Contract Price, whichever is lower
Loan Security Registered REM under the name of the borrower
Loan Term Up to 15 years
Interest Rate Based on prevailing market rate; Repricing reviewable annually
Repayment
  • Principal and interest payable in equal monthly instalments
  • Payments shall be done through issuance of post dated checks or Auto Debit Agreement (ADA)
Approving Authority Loans Committee

 

     
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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
Subdivision and Housing Developers Association
     

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