FAQ
Fast Cash
You could be approved within hours after submitting your application.
To apply for a Fast Cash loan, you will need to provide proof Clean Title of your real estate, other proof of income/assets, as well as other requirements. Contact us for more information.
No, you do not need a good credit score in order to get approved for Fast Cash. We focus more on your ability to repay the loan, which is why we base our decision on proof of income/assets and other requirements.
You can get approved for up to 300,000 in cash with Transphil's Fast Cash.
Real Estate Mortgage
A real estate mortgage is a long-term loan that helps you purchase or refinance a property, allowing you to pay off the loan in smaller installments over time.
The terms of a real estate mortgage depend on the type of loan and lender. Generally speaking, mortgages are long-term loans that require regular monthly payments for the entire length of the loan. Terms can include the interest rate, repayment period, down payment amount, and more. It’s important to do your research and consult a mortgage expert to ensure you’re getting the best terms for your situation.
At Trans-Phil Credit, we offer as low as a 2% monthly interest rate and repayment periods of up to 5 years. We also allow the flexibility of long-term, interest-only payment requirements in some cases. With our top-notch customer service and competitive rates, you can be sure to get the best terms for your real estate mortgage loan!
When looking for a real estate mortgage, it’s important to look at more than just the interest rate. You should also consider the loan terms, any fees associated with the loan, and whether or not you need additional insurance. It’s also important to compare different lenders to ensure you’re getting the best deal for your needs.
The best way to learn more about real estate mortgages is to consult an experienced loan broker in the Philippines. They can answer any questions you have and provide useful advice on which loan option is best for your particular situation.
Ready to take the plunge and purchase a home? Contact us today for more information about getting started with a real estate mortgage! We’re ready to help you tackle the process and get you into your dream home.
Pamana Loan
You will need to provide proof of inheritance such as the last will and testament, death certificate or other legal paperwork verifying your right to the inheritance. Additional documents may be needed depending on the type of loan you are applying for.
Once your application is approved, the funds can be released within 10-14 days.
The interest rate for this type of loan is 3% per month.
With a Pamana Loan or Extrajudicial Settlement of Estate Loan from Trans Phil Credit, you can get the funds you need quickly and easily. With access to your inheritance without having to go through the lengthy process of probate, you will be able to use your inheritance for whatever purpose you choose - whether it’s renovations on the inherited Real Estate property or other investments - without having to worry about the costs and time involved.
You will need to provide proof of inheritance such as the last will and testament, death certificate or other legal paperwork verifying your right to the inheritance. Additional documents may be needed depending on the type of loan you are applying for.
Once your application is approved, the funds can be released within 10-14 days.
The interest rate for this type of loan is 3% per month.
With a Pamana Loan or Extrajudicial Settlement of Estate Loan from Trans Phil Credit, you can get the funds you need quickly and easily. With access to your inheritance without having to go through the lengthy process of probate, you will be able to use your inheritance for whatever purpose you choose - whether it’s renovations on the inherited Real Estate property or other investments - without having to worry about the costs and time involved.
Death Certificate of deceased owner/s, Marriage Cert of CENOMAR of deceased owner/s, Birth Cert of ALL living heir/s, Valid IDs of deceased owner/s and ALL living heir/s
Apostille Special Power of Attorney
Death Certificate of deceased owner/s, Marriage Cert of CENOMAR of deceased owner/s, Birth Cert of ALL living heir/s, Valid IDs of deceased owner/s and ALL living heir/s
Yes, it will fall under the EJSE loan transaction.
We will follow what is in the last will and testament and the new owner is the one who can use the property as collateral.
Bridge Loan
To apply for a bridge loan, you will need to provide proof of income, an ID, and proof of collateral and assets.
The amount you can borrow with a bridge loan will depend on your circumstances and the type of loan.
At Transphil Credit, we make sure to process your loan quickly and efficiently. On average, you can expect to receive your funds within 24-48 hours once approved.
The repayment terms of your bridge loan will depend on the type of loan you take out and its terms and conditions. Generally, these loans are paid back within 6 months or less.
Revolving Credit Line
Generally, you will need to provide financial documents such as bank statements, tax returns and/or business plan.
The approval process typically takes 48-72 hours.
This depends on your specific loan terms, but it is usually up to the approved credit limit.
This depends on your loan terms, but typically repayment terms can take upto 12 months.
Using a revolving credit line is an effective way to access funds whenever you need them. With quick access and flexible repayment plans, this type of financing option is the perfect solution for businesses looking for extra capital.
It is also a great way to build credit and manage cash flow. If you are looking for an efficient and cost-effective financing option, then a revolving credit line is the perfect solution for you.
Contact us today to learn more about Revolving Credit Line!
Transfer of Title Loan
The first step is to fill out our online application. After we receive your information, one of our representatives will contact you and go over the details and answer any questions you may have.
Once all the documents are received, we will review them and then make a decision on your loan. This process usually takes about 10-14 days from start to finish.
Once your loan is approved, you will receive the funds via check or direct deposit into your bank account. We make it easy and fast for you to get the money you need when you need it.
If you’re ready to make your dreams come true, contact us today and let us help you get the money you need with our transfer of title loan. With our quick and easy process, you can get the extra cash needed to make your dreams become a reality.
Don’t wait – apply today!
Refinancing Loan
Yes, depending on the type of loan you are hoping to refinance, there may be options available for individuals with poor credit.
Determining if refinancing your loan is a good idea for you depends on your individual financial situation. It’s important to weigh the pros and cons carefully before making any decisions. Some of the benefits include lower interest rates, shorter loan terms, and potential tax savings.
The documents you need to provide when refinancing a loan will vary depending on the type of loan. Generally, you will need proof of income and a bank account statement.
Repayment can take up to 5 years, with 2% interest per month.
General Questions
Generally residential or commercial area in an accessible road atleast 3m wide.
Metro Manila, Cavite, Tagaytay, Laguna, Nearby Batangas, Nearby Rizal, Nearby Bulacan, Nearby Pampanga.
Min of 1M and Max of 15M. Any larger than 15M will be subject for CRECOM approval
Common post-approval
- Transfer Certificate of Title (Original)
- Certified True Copy of Title (Latest 1 month)
- Certified True Copy of Traceback (Latest 1 month)
- Certified True Copy of Tax Declaration H&L (Latest 3mos)
- Tax Receipt H&L (Current year)
- Tax Clearance H&L (Current year)
- Tax Mapping or Approved Subdivision Plan
- Barangay Clearance
- Marriage Certificate or Cert of No Marriage (w/c ever is applicable)
- HOA clearance
- Post dated checks ( at least 36 pcs + 1 lumpsum amount) Bank Certificate if newly opened PDC
1 day max of 2 days
2% add on interest per month until date of maturity
Max of 5 years only
Yes, if you've missed consecutive mortgage payments. As much as possible, we try to exhaust all of the options first in order for the borrow to remain current in payments.
Yes, 0.1% of the total amount unpaid multiply by number of days delayed
Amortization is paid thru post-dated checks (PDC). If you don’t have a checking account, we will help you to open one by endorsing you to one of our partner banks.
Character problem, Unacceptable collaterals, Poor repayment capacity
- Latest Transfer Certificate of Title /Condominium Certificate of Title
- Latest Tax Declaration (Land & Bldg.)
- Photos of the Property (interior & exterior)
- 2 government issued IDs’ of the registered owner &/or borrower
- Proof of Billing of the registered owner &/or borrower
- Signed Application form
- Contact details of the registered owner & borrower
- Submit complete requirements to Ms. Jen Sabado/ Ms. Mitch via email, viber or facebook messenger.
- If the requirements are complete, our Tele CI will conduct an initial interview to the Borrower via video call/call (viber, whatsapp,messenger) within the day.This is the pre-evaluation stage.
- If the account is passed on the pre-evaluation, we will schedule the ocular (physical visit to the property).
- Ocular Day, borrower & registered owner must assist our CI. He must present all the original documents.
- CI will evaluate the collateral, documents and Borrower's/Registered Owner’s profile. They will do a report to be submitted to the TCC management.
- Approval of Loan and Signing of Contract in TCC Office. Registered owner or co-borrower must also sign the contract.
- Submission of original documents.
- Release of Loan.
FOR REGULAR TRANSFER OF TCT
We accept TCT not yet registered under the new owner provided that it already has notarized DOAS and seller can be verified.
The transaction will fall under EJSE loan
Yes, but only for DOAS prepared and notarized 5years or more. Then the Notarized DOAS 5 years and above shall be the working document to be used for loan application. (Note: This may impose HUGE penalties already in BIR Tax for transfer)
No cash out is required except the CI/Appraisal fee collected before CI/Appraisal. All fees after loan approval that are related to loan such as; insurances, mortgage fees and taxes shall be deducted from the gross loan approval.
Yes, but we will require a co-borrower that blood related to the borrower/registered owner.
No, only for registered owner/borrower that is above 60 years old requires a blood-related co-borrower..
Yes, we have 6 months interest payment only. You will start paying the amortization of which contains principal and interest on the 7th month until maturity of loan.
No, he/she should be accompanied by a legal guardian supported by court order
For landed properties, not necessary. But for condominiums, yes.
If existing loan has lower interest & already past due, not anymore
A2 : If existing loan has higher interest & past due, maybe yes
