Ready, Set, Loan: What to Expect in Lumina Homes’ First-Ever Bankathon Event

The journey toward homeownership can be marked by roadblocks that keep aspiring property owners from becoming actual homeowners. One of them is financial incapacity. After all, a house and lot Philippines purchase is rarely acquired by paying full price, especially if the homebuyer is of modest economic background.

Thankfully, housing loans are available even for minimum-wage earners to take advantage of. And one of the best financing types is through banks where prospective borrowers can enjoy lower interest rates and flexible terms, among other essential perks.

With that being said, Lumina Homes is set to conduct its first-ever Bankathon event for all hopeful homebuyers like you! In this event, we will bring you closer to bank loan officers and get a chance to be pre-approved within a day!

If you’re interested, you definitely need more details to help you determine what to expect during the event. So here, we’ll discuss everything you need to know for the launching of Lumina Homes’ Bankathon program on July 15, 2023.

Participating Lumina Projects in Luzon

In total, there are three (3) Lumina housing projects that will participate in Bankathon 2023. These are as follows:

• Lumina Tuguegarao x BDO - Hotel Lorita, Rizal Street, Centro 10, Tuguegarao City, Cagayan
• Lumina Cabanatuan x RCBC - OQuadro Cafe, Doña Adela Subd., Cabanatuan City, Nueva Ecija
• Lumina Baliuag x RCBC - Jollibee Baliuag Junction, Jr. Ave, Along Doña Remedios Trinidad H-way, cor Benigno S. Aquino Ave, Baliuag, Bulacan

Program Highlight: One-Day Bank Pre-Approval

The primary aim of Lumina Homes’ Bankathon 2023 is to make it less hassle for aspiring property owners to attain their dream house and lot in the Philippines through bank housing loans. During this pivotal event, participants will have the chance to speak directly with bank representatives to be educated about the do’s and don’ts of bank housing loan application and other frequent concerns that lenders receive from home loan borrowers.

To get the chance of having your home loan application approved and become closer to acquiring an affordable house and lot through Lumina Homes, bring the following documentary requirements:

• Two (2) Valid IDs
• Birth or Marriage Certificate
• Proof of Billing
• At least one (1) Proof of Income, preferably certificate of employment contract or latest payslip

Another highlight of the event is the bank financing seminar which will be presided over by a bank representative. This is an opportunity for every prospective homeowner who has questions regarding bank financing in the Philippines to be more informed.

Why You Should Choose Bank Financing and Join Bankathon 2023?

Besides bank loans, there are two other financing types that aspiring homeowners resort to for their affordable house and lot purchase: the government-run Pag-IBIG and the developer-run in-house financing. But in this feature, we’ll tell you why bank financing reigns the best for the following key reasons:

Favorable interest rates

Who wouldn’t want to save as much money for a major purchase such as an affordable house and lot for sale? You can definitely save more if you opted for bank financing to fund your dream property. Banks are popular for offering lower interest rates that many aspiring buyers prefer for all the right reasons.

Higher loanable amounts

You have a higher chance of securing a property that you want instead of settling for the one that’s available based on the limited loanable amount offered by Pag-IBIG or in-house financing. With bank housing loans, you can avail of a higher loanable amount to attain your dream home.

Faster pre-approval process

If you join Lumina Homes’ first-ever Bankathon event, you get the chance to be pre-approved in just a day and get closer to acquiring your property in the location of your choice! Banks are known to have strict criteria for the pre-approval process, so joining the Bankathon event is important if you want your loan application sped up.

Flexible repayment terms

Banks also offer flexible repayment terms that will best suit your current financial capabilities. You can choose your loan tenure from five years up to 20 years or higher, depending on the bank. For BDO and RCBC, for example, both banks offer a maximum repayment term of up to 20 years.

Professional assistance

Representatives from banks are bona fide professionals who can provide you with expert advice and industry tips about how you can get your loan application pre-approved. You can get the chance to talk directly with bank representatives if you attend the seminar on July 15 during our Bankathon event.

Financial security

Your money is safe with banks. Banks in the Philippines are regulated by the Bangko Sentral ng Pilipinas. For example, in the event of bankruptcy, your deposited money in banks won’t be lost and can still be claimed back. This is because the government itself presides over unfortunate incidents like this via the Philippine Deposit Insurance Corporation (PDIC).

At Lumina Homes, we constantly aspire to provide excellent customer service by helping Filipino families achieve homeownership under less stringent processes. The launching of our Bankathon event is a testament to our continued commitment to be of service to all Filipinos who hope and dream of having their house and lot that they can call their very own.

We have over 50 key housing projects from Luzon, Visayas, and Mindanao, all of which are conveniently situated in neighborhoods that are near essential establishments and basic services such as schools, hospitals, places of worship, supermarkets, leisure and local tourist spots, and mass transportation.

Mark your physical calendars, set a reminder on your phone, and become steps closer to acquiring your dream Lumina home by joining Bankathon 2023! We’re excited to see and help you become a bona fide homeowner in our ever-growing community!