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BPI Home Loan

Bank of Philippine Islands (BPI)

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Living your dreams has never been this easy and affordable. With BPI Family Housing Loan, we provide you with the best products and services to help you purchase that dream home.

Affordable
Get expert housing advice and loan packages suited for your financial needs. Enjoy low rates, down payment options as low as 10%* and flexible payment terms of up to 20 years.

Fast
Get a loan decision in as fast as 5 days*.

Easy to Pay
Your BPI or BPI Family Savings Bank account will automatically be enrolled via an automatic debit arrangement to make sure that even your monthly payment is easier.

You can finance any of the following property types under BPI Family Home Acquisition Loan:

Residential Lot
House and Lot
Residential Condominium
Townhouse
Apartment
Residential Building

*subject to submission of complete requirements

Specializing in:
Auto Loans
Home Loans

Head Office
BPI Family Savings Bank
Head Office
109 Paseo De Roxas Avenue cor Dela Rosa St., Makati City 1229

BPI Home Loan

Bank of Philippine Islands​

Living your dreams has never been this easy and affordable. With BPI Family Housing Loan, we provide you with the best products and services to help you purchase that dream home.

Affordable
Get expert housing advice and loan packages suited for your financial needs. Enjoy low rates, down payment options as low as 10%* and flexible payment terms of up to 20 years.

Fast
Get a loan decision in as fast as 5 days*.

Easy to Pay
Your BPI or BPI Family Savings Bank account will automatically be enrolled via an automatic debit arrangement to make sure that even your monthly payment is easier.

You can finance any of the following property types under BPI Family Home Acquisition Loan:

Residential Lot
House and Lot
Residential Condominium
Townhouse
Apartment
Residential Building

*subject to submission of complete requirements

Specializing in:
Auto Loans
Home Loans

Head Office
BPI Family Savings Bank
Head Office
109 Paseo De Roxas Avenue cor Dela Rosa St., Makati City 1229

BEGINNER’S GUIDE

BPI Home Loans

Applying for a home loan can be a tricky process. That’s why most Filipinos hesitate to avail of a home loan because of the complicated and overwhelming steps. But, home loans can actually help you get a step closer to owning and living in your dream home.

In here, we’ll show you that home loans aren’t as intimidating as they seem by giving you an overview of the BPI home loan and how Nook can help you apply for it!

What is the BPI Home Loan?

With a BPI home loan, borrowers may purchase a house and lot, a condo, or a townhouse. Additionally, borrowers may also purchase a vacant lot and even construct or renovate a home.

What Makes the BPI Home Loan Unique?

All-in Home Financing

BPI understands that paying large sums of fees upfront can be intimidating for most borrowers. With BPI’s all-in home financing, these fees will be included in the borrower’s monthly amortization. Borrowers don’t have to feel worried because fees will be spread out throughout their loan term.

Fast Processing Times

BPI guarantees that your home loan will be approved in 2-5 days as long as borrowers submit all the necessary documents. Loan processing will start from the time the bank receive your complete documentary requirements. Ensure everything is complete and up to date.

What Are the BPI Home Loan Terms?

The BPI home loan requires a minimum loan amount of P500,000. While this amount may seem overwhelming, borrowers purchasing a house and lot have 25 years to pay this off. On the other hand, those looking to purchase a vacant lot or condominium unit are given a maximum of 10 years. Plus, you can borrow up to 80% of a property’s appraised value.

How Much is the Interest Rate?

For new borrowers, the following interest rates apply as of July 19, 2022.
  1 year - 6.75%
  2 years - 7.00%
  3 years - 7.50%
  4 years - 7.75%
  5 years - 7.98%
  10 years - 10.25%
  15 years - 10.50%
  20 years - 12.00%

Am I Eligible for the BPI Home Loan?

Borrowers who satisfy the following criteria are eligible for the BPI home loan:
Filipino citizens
A foreigner married to a Filipino citizen
Those who are of legal age but not more than 65 years old upon maturity of the loan
Combined household income of at least PHP 40,000

If you want to learn more, book a free consultation with our friendly home loan experts.

What Are the Requirements of the BPI Home Loan?

Borrowers must submit 3 types of documents:

General Documents:

These are the following
Duly accomplished application form
2 valid IDs
If married, both spouses to sign on the application form
If with co-borrower or co-mortgagor, a separate application form is needed

Income Documents:

If Locally Employed
Certificate of Employment (COE) indicating salary, position and length of service
Latest Income Tax Return (ITR) for the last 2 years
If OFW
Contract or Certificate of Employment (COE) authenticated by the Philippine Consulate
Crew contract and exit pass validated by POEA (seaman)
Proof of monthly remittances
Notarized or authenticated Special Power of Attorney (SPA) in BPI FSB format
If Self Employed
Articles of incorporation and by-laws with SEC registration certificate
Audited financial statements for the last 2 years
DTI registration
ITR w/ Statement of Assets and Liabilities (SAL) for the last 2 yrs
List of trade references (at least 3 names with telephone nos. of major suppliers/customers)
Bank statements for the past 6 months
If Practicing Doctor
Clinic address/es and schedule

Collateral Documents:

These are the following
Photocopy of title
Lot plan with vicinity map
Photocopy of tax declaration

How Do I Apply for a BPI Home Loan?

While borrowers have the option to apply directly to BPI, this often involves multiple stressful and complicated trips to the bank. But, by getting help from Nook, you can avoid this time-consuming process! As a mortgage broker, Nook takes over the entire home loan application process for you. This means all you have to do is submit the necessary documents to our home loan experts while they handle all the follow-ups with the bank. With Nook, our home loan experts will guide you every step of the way and make sure you get the home loan that best fits your needs. Nook’s services are also 100% free of charge!

With the right home loan, purchasing the dream home that you deserve doesn’t have to be a tiring experience. Check whether you qualify for the BPI home loan by clicking the button below.

BEGINNER’S GUIDE

BPI Home Loans

Applying for a home loan can be a tricky process. That’s why most Filipinos hesitate to avail of a home loan because of the complicated and overwhelming steps. But, home loans can actually help you get a step closer to owning and living in your dream home.

In this article, we’ll show you that home loans aren’t as intimidating as they seem by giving you an overview of the BPI home loan and how Nook can help you apply for it!

What is the BPI Home Loan?

BPI understands that paying large sums of fees upfront can be intimidating for most borrowers. With BPI’s all-in home financing, these fees will be included in the borrower’s monthly amortization. Borrowers don’t have to feel worried because fees will be spread out throughout their loan term.

What Makes the BPI Home Loan Unique?

#1 All-in Financing

BPI understands that paying large sums of fees upfront can be intimidating for most borrowers. With BPI’s all-in home financing, these fees will be included in the borrower’s monthly amortization. Borrowers don’t have to feel worried because fees will be spread out throughout their loan term.

#2 Fast Processing Times

BPI guarantees that your home loan will be approved in 2-5 days as long as borrowers submit all the necessary documents. Loan processing will start from the time the bank receive your complete documentary requirements. Ensure everything is complete and up to date.

What Are the BPI Home Loan Terms?

The BPI home loan requires a minimum loan amount of P500,000. While this amount may seem overwhelming, borrowers purchasing a house and lot have 25 years to pay this off. On the other hand, those looking to purchase a vacant lot or condominium unit are given a maximum of 10 years. Plus, you can borrow up to 80% of a property’s appraised value.

Am I Eligible for the BPI Home Loan?

Borrowers who satisfy the following criteria are eligible for the BPI home loan:
● Filipino citizens
● A foreigner married to a Filipino citizen
● Those who are of legal age but not more than 65 years old upon maturity of the loan
● Combined household income of at least PHP 40,000

What Are the Requirements of the BPI Home Loan?

Borrowers must submit 3 types of documents:

General Documents:
● Duly accomplished application form
● 2 Valid IDs
● If married, both spouses to sign on the application form
● If with co-borrower or co-mortgagor, a separate application form is needed

Income Documents:
If Locally Employed
● Certificate of Employment (COE) indicating salary, position and length of service
● Latest Income Tax Return (ITR) for the last 2 years

Self-Employed
● Articles of incorporation and by-laws with SEC registration certificate
● Audited financial statements for the last 2 years
● DTI or SEC Registration
● ITR w/ Statement of Assets and Liabilities (SAL) for the last 2 yrs
● List of trade references (at least 3 names with telephone nos. of major suppliers/customers)
● Bank statements for the past 6 months

If OFW
● Contract or Certificate of Employment (COE) authenticated by the Philippine Consulate
● Crew contract and exit pass validated by POEA (seaman)
● Proof of monthly remittances
● Notarized or authenticated Special Power of Attorney (SPA) in BPI FSB format

If Practicing Doctor
● Clinic address/es and schedule

Collateral documents:
● Photocopy of title
● Lot plan with vicinity map
● Photocopy of tax declaration

How Much is the Interest Rate?

For new borrowers, the following interest rates apply as of July 19, 2022.
 1 year - 6.75%
 2 years - 7.00%
 3 years - 7.50%
 4 years - 7.75%
 5 years - 7.98%
 10 years - 10.25%
 15 years - 10.50%
 20 years - 12.00%

If you want to learn more, book a free consultation with our friendly home loan experts.

How Do I Apply for a BPI Home Loan?

While borrowers have the option to apply directly to BPI, this often involves multiple stressful and complicated trips to the bank. But, by getting help from Nook, you can avoid this time-consuming process! As a mortgage broker, Nook takes over the entire home loan application process for you. This means all you have to do is submit the necessary documents to our home loan experts while they handle all the follow-ups with the bank. With Nook, our home loan experts will guide you every step of the way and make sure you get the home loan that best fits your needs. Nook’s services are also 100% free of charge!

With the right home loan, purchasing the dream home that you deserve doesn’t have to be a tiring experience. Check whether you qualify for the BPI home loan by using Nook’s reliable pre-qualification software!

Nook - Contact Us

Need help deciding which is right for you?
Talk to an expert

Book a 30-minute session and we can discuss your home loan needs and help you decide. Or chat to an expert right now.

Need help deciding which is right for you? Talk to an expert

Book a 30-minute session and we can discuss your home loan needs and help you decide. Or chat to an expert right now.

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