Camella Homes Payment Terms

Are you planning to buy a house? Camella Homes is a popular option. Before contacting a realty agent, you must be aware of the payment terms. In this blog, I will share you my experience in Camella Homes.

It's been 5 years since I decided to buy my own house. Camella homes is one of the cheapest option compared to other house developers.

Camella Homes Payment Options

1. Bank Financing

If you are qualified to get a home load to a bank go for it. A salary range is required by banks. Usually if you earn atleast 30,000 to 50,000 a month, you're qualified. But it will all depends on the bank and the amount of you loan. You can also check the home load section of your preferred bank. 

Not all banks have partnerships with Camella. Some banks that are affiliated with them are BDO, Chinabank, RCBC, and Unionbank. 

2. In-house Financing

In some cases banks will decline your home application. If this is the case you will have the worst payment option. The interest rate is the highest of all.

3. Pag-ibig Fund

If you're an active member of Pag-ibig even if you don't have a love life, you can apply for a housing loan. They may offer the cheapest monthly amortization but it will take forever. The good thing is the value of money diminishes through the years.

4. Pay Cash

This is probably the best option if you can afford it. No questions asked.

There you go. In my case, I was a victim of in-house financing because I was declined by the bank several times. I've been paying 12,950 pesos a month for a house with a value of almost a million pesos for 15 years.