This variant allows you to bring down your interest payment by linking your savings or checking account with your housing loan. Every month, the average daily balance on your deposit account is deducted from your net loan balance, which then becomes the basis for your monthly interest. You get cashback by up to 40% of your monthly interest credited to your deposit account.


How does the cashback feature work?

Computing for your cashback savings is easy and simple. Just deduct your deposit's previous month's Average Daily Balance (ADB) from the availed loan amount and apply the interest to the difference.


Here's how our rates compare with others:

INTEREST COMPUTATION		With Chinatrust's cashback feature	With Other Banks
Loan Amount		₱1,200,000.00	₱1,200,000.00
Annual Interest Rate*	X	8.00%	8.00%
No. of months	/	12	12
Monthly Amortization	=	₱8,000.00	₱8,000.00
CASHBACK COMPUTATION
Loan Amount	-	₱1,200,000.00	₱1,200,000.00
Previous Month's ADB	-	₱480,000.00	₱480,000.00
Net Loan	=	₱720,000.00	₱720,000.00
Interest Rate	X	8.00%	-
	/	12	-
Effective Interest	=	₱4,800.00	-
Monthly Amortization	-	₱8,000.00	₱8,000.00
Effective Interest	-	₱4,800.00	-
CASHBACK (to be credited to account)	=	₱3,200.00	No cashback
Effective Interest Rate*	-	4.80%	8.00%
*Rate is indicative only and may change without prior notice.

This variant is a straightforward facility that gives you low interest fixed for one, two, three or five years.


How does this work?

Computing for your monthly amortization is easy. Just multiply the loan amount and annual interest rate over the number of months.


Here's how our rates compare with others:

Year	Chinatrust	Bank A	Bank B	Bank C
2011	7.75%	8.75%	7.88%	8.50%
2010	8.25%	9.20%	9.20%	8.80%
Based on actual historical competitive checking.

Sample Computation:

INTEREST COMPUTATION	With Fixed Rate
Loan Amount	-	₱1,200,000.00
Annual Interest Rate*	X	5.75%
No. of Months	/	12
Monthly Amortization	=	₱5,750.00
*Rate is indicative only and may change without prior notice.

      with cashback  |  with fixed rate