Building
Paying for construction
Options for funding a new build, from savings to construction loans.
Options
Common options are savings, Pag-IBIG loans for house construction, and bank construction loans that release money in stages as the build progresses. Check the current requirements with each lender.
Plan for extras
Set aside a contingency for price increases and changes during the build. ravelo does not provide loans or financial advice.
This guide is general information, not legal or financial advice. Rules and rates change, so check with the relevant agency or a licensed professional.