Build Now Pay Later or Building with no cash or equity (lot should be fully paid)
Build Now Pay Later Home Value and Floor Area Calculator
Build Now, Pay Later
With the "Build Now, Pay Later" scheme, construction may proceed without upfront cash or equity, provided the lot is fully paid and of significant value compared to the house.
How Does It Work?
Banks require adequate collateral before releasing funds. For instance, if your lot is worth PhP1M and your house construction loan is PhP5M, banks won’t release the entire amount upfront. Instead, funds are disbursed in tranches. Typically, the first tranche depends on the lot’s value, requiring additional cash or equity to start construction.
However, through "Build Now, Pay Later," it’s possible to proceed without upfront cash if the lot value sufficiently offsets the project cost. Use our "Build Now, Pay Later" calculator to estimate the maximum house value or floor area you can build.
Steps to Use the Calculator:
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Input the lot area.
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Enter the lot’s market value per square meter.
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Tap the green box to view results.
This tool provides an estimate of the house size and value that can be financed through the "Build Now, Pay Later" scheme.
Note when using our Build Now Pay Later Home Loan Calculator:
If you are using a smart phone, lightly touch the yellow box to edit "Lot Area" until keyboard appears (about 3 tries). Upon entering the "Lot Area", lightly touch and edit "Lot per square meter Lot Market Value". After this, lightly touch "Monthly Bank Payments" for results to appear. If changing the interest rate, don't forget to add % sign.