Guide on BPI Housing Loan Requirements 2025 for Application
BPI HOUSING LOAN REQUIREMENTS 2025 – Overseas Filipino Worker or OFW applicants who want to apply for the loan must submit the following documents.
Are you working abroad for several years now but has yet to achieve that dream house for your family? You might no longer need to wait for more years. Now may be the perfect time to take a huge step closer towards the dream of having a roof of your own for your family.
Nowadays, there are several banks with loan offers that are ready to help overseas Filipino workers achieve their long-time dream for their loved ones. The Bank of the Philippine Islands is one of the trusted banking entities with excellent loan offers. This is aside from the fact that there are several BPI branches that are open even on Saturday, thus, you can still apply for a loan even on a weekend.
The Bank of the Philippine Islands do not only offer a variety of bank accounts and credit cards but as well as loans. One of them is the BPI Housing Loan that is ready to finance the purchase of a residential property, a house construction, and a home renovation. It is open not only for locally-salaried and non-salaried individuals but as well as OFWs.
Before checking the BPI Housing Loan requirements for OFWs, it is best to check the qualifications first to ensure your eligibility to the loan offer. To qualify for the loan, her are the eligibility requirements you should meet:
- either a Filipino citizens or foreigners married to a Filipino citizen
- at least 21 years at the time of the loan application for primary borrowers and not more than 70 years old upon the loan maturity
- with sufficient income
The bank has set different lists of BPI Housing Loan requirements depending on the source of income of the loan applicant. For OFW applicants, here are the documents that you will need to prepare and submit to the bank:
- duly-accomplished BPI Housing Loan Application Form
- 2 valid Identification Cards which may include the following:
- Philippine National ID (PhilID/ePhilID)
- Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
- Driver’s License issued by LTO
- GSIS ID
- MARINA ID
- OFW ID
- OWWA ID
- Pag-IBIG ID (with photo)
- Passport
- PWD ID issued by NCDA
- PhilHealth ID (with photo)
- Philippine Postal IDPRC ID
- Senior Citizen ID
- SSS ID
- TIN ID
- UMID
- Voter’s ID
- Latest Contract, with authorization letter to verify
- Proof of bank remittance, with authorization letter to verify
- Details of crewing manager for seafarers
- Attorney-in-Fact / loan administrator (preferably a next of kin); full name, contact details, mailing address and valid government IDs
The BPI Housing Loan requirements include collateral documents or those that pertain to the residential property involved in the loan transaction. Here are the documents that are among those that you should submit to the bank for application:
- Photocopy of Owner’s Duplicate Copy of the Condominium Certificate of Title or Transfer Certificate of Title (as applicable)
- Photocopy of the updated Tax Declaration, Tax Clearance, Tax Receipt
- Photocopy of notarized Contract-to-Sell or Offer-to-Sell from registered owner of property (for private sellers)
- Signed Authorization Letter for Tax Mapping and Inspection of Property (for properties in secondary market)
- Photocopy of notarized Contract-to-Sell / Letter of Endorsement / Official Computation Sheet from developers (for accredited developer tie-up properties)
- Non-refundable appraisal fee of Php 5,000 (inclusive of title verification)
- Photocopy of latest Statement of Account with existing mortgagor (for refinancing)
- Complete set of Building Plan, Bill of Materials, Scope of Work/Cost Estimates (for construction loan)
The Bank of the Philippine Islands has set a different list of BPI Housing Loan requirements for locally-employed applicants as well as self-employed ones. It is important to submit all the documents required by the bank for a bigger chance of approval.
Aside from the Housing Loan, the bank also offers the BPI Cash Loan.