Industrial Bank of Korea in the Philippines

Industrial Bank of Korea received the 2018 Financial Innovation of the Republic of Korea Award organized by Moneytoday Received a comprehensive grand prize from the 2018 Global Financial Expo. The asset management service is launched using Robo-Advisor, “ONE ROBO”. The “Big Data Portal and Platform” has been launched, supporting customer management based on Big Data […]

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Industrial Bank of Korea (IBK) https://upfinance.com/app/uploads/2020/03/ogimage.jpg
8th Floor One World Place Building, 32nd St, Taguig, 1630 Kalakhang Manila
Local | 1566-2566, 1588-2588 Overseas | 82-31-888-8000, ibkethics@ibk.co.kr
Interest rate 0.5% - 2%
Loan tenure from 1 to 420 months
Approval duration Up to 120 hours
Min. monthly income

Product Features

Min. financing amount ₱ 500000
Max.financing amount ₱ 5000000
Min. loan tenure 1 months
Max. loan tenure 420 months

Credit

IBK Real Estate Loan

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For customers who provide common property as a mortgage
Interest rates: From 0.8% per month
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: Up to 40% of assessed value
Payment terms: Up to 5 years
Approval time: 5- 21 banking days

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IBK Mortgage Loan

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For individuals who want to provide a full mortgage on a home (including residential homes) or purchase (including auction funds)
Interest rates: From 1.2% per month
Maximum loan amount: Up to 70% of assessed value
Payment terms: Up to 35 years
Approval time: 5- 21 banking days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

FAQ

The longest loan period is 35 years.

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Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

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There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

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Yes, you can take out an IBK Real Estate Loan against the security of your existing real estate.

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Contacts

Full company name Industrial Bank of Korea (IBK)
Address 8th Floor One World Place Building, 32nd St, Taguig, 1630 Kalakhang Manila
Phone number Local | 1566-2566, 1588-2588 Overseas | 82-31-888-8000
E-mail ibkethics@ibk.co.kr
Social networks

Industrial Bank of Korea received the 2018 Financial Innovation of the Republic of Korea Award organized by Moneytoday
Received a comprehensive grand prize from the 2018 Global Financial Expo. The asset management service is launched using Robo-Advisor, “ONE ROBO”. The “Big Data Portal and Platform” has been launched, supporting customer management based on Big Data Analytics. Launched 「Smart-movable mortgages secured by OR OR based on movable loans」 Based on the Internet of Things (IoT).
Launched “Only one collateral loan”, a medium-term loan with a very low interest rate in the range of 1%.

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