Check here the BPI Housing Loan for New Home 2024 Features
BPI HOUSING LOAN FOR NEW HOME 2024 – You can check here the amazing features of the Bank of the Philippine Islands loan offer.
Are you excited to be living in your own house soon? If you are into looking for a loan offer that can finance the purchase of your dream house or your target residential property, one of the trusted entities that you may turn to is the Bank of the Philippine Islands.
More popularly called BPI, the Bank of the Philippine Islands actually has multiple home loan offers. One of them is the BPI Housing Loan for new home purchase financing. It is open to finance the purchase of any of the following:
- House and Lot
- Townhouse
- Condominium Unit
- Vacant Lot
How much is loanable under the BPI Housing Loan for new home? According to the bank, at least Php 400,000 may be borrowed under the loan offer. The maximum loanable amount under it is up to 90% of the value of the property.
The loan is payable for up to 20 years. The interest rate depends on the chosen fixing period. Here is a guide on the interest rates set by the bank under the loan offer:
| Fixing period (years) | Rate |
| 1 | 7.00% |
| 2 | 7.25% |
| 3 | 7.75% |
| 4 | 8.00% |
| 5 | 8.25% |
| 10 | 10.25% |
| 15 | 10.50% |
| 20 | 12.00% |
The Bank of the Philippine Islands boasts its housing loan offer with low downpayment — as low as 10% of the value of the property. The bank has several branches across the nation thus the loan offer is really accessible to the public.
The loan is open not only for the salaried and non-salaried individuals but as well as overseas Filipino workers (OFWs). The bank also allows pensioners who qualify to the eligibility requirements it has set.
To apply for the loan offer, you must comply with the qualifications set by the Bank of the Philippine Islands under the BPI Housing Loan for a new home. You must also prepare and submit the documents required by the bank for application.