Deferred Cash Payment

Deferred Cash Payment in Buying Properties

Are you planning to avail of property at the shortest term and without interest?
The Deferred Cash Payment might be the best deal for you, lets discuss the difference over paying Spot Cash Payment.

Alveo Land Properties
Deferred payment might be 24 months up to 36 months of payment without interest. For some developers 24 months is the only applicable, to others both the 24 months up to 36 months, depending on the properties or projects.

For a newly launched condominium projects mostly apply the 36 months payable and usually the monthly payments also decreases as it nears to its turnover date.

Some housing at mid and high-end classification applies the 36 months at o % interest but rare to economic and socialized housing projects.
Here's how to compute:

1. For Selling Price of Php. 1Million, 36 months to pay at 0% Interest.

Selling Price .............................Php. 1,000,000.00
Divided .........................36 months @ 0% Interest
Monthly Amortization ..............Php. 27,777.78 per month


2. If, standard Down Payment(DP) of developer is 10% with 10% discount based on DP

Selling Price .............................Php. 1,000,000.00
*Less: 10% Discount.............................10,000.00
Net Selling Price .................................990,000.00
Net Selling Price .................................990,000.00
x 10% Dow Payment ...........................99,000.00 Spot DP payable in a week
Balance Payable ..................................891,000.00

Balance Payable ..................................891,000.00
Divided..........................................35 Months @ 0% Interest
Monthly Amortization .......................25,457.14 per month

*Other option to avail of discount.

Requirements: 2 valid Identification, TIN Number

With the above sample computation, it's better to avail of number 2 option, by paying 10% DP in a week of reservation date you can avail as much as Php. 10,000.00 - that is equal to a month of budget for a household.


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About the Author

Jerome Morada

Realtor & Webmaster

Good day! I'm Jerome, your friendly Real Estate Broker with PRC License 0012399 and HLURB registration. Just sharing simple tips, please share if you find it useful! Thanks!

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