Guide on BDO Home Loan Interest Rates 2023 for Interested Clients
BDO HOME LOAN INTEREST RATES 2023 – Detailed below are the interest rate per loan term implemented by the BDO Unibank under the offer.
Are you looking for an entity that can provide you with a loan to finance your financial needs in pushing through with a residential property purchase? You might like to consider the offer of BDO Unibank, one of the biggest and most trusted banks in the Philippines.
The BDO Home Loan 2023 offer is open for several purposes. You may apply for it to finance the acquisition of a real estate property, a house construction, or a home equity loan if you want to use your residential property as the collateral for access to funds to be used in multiple ways.
The BDO Home Loan offer is open for both employed and self-employed applicants. It is also open for individuals who are employed abroad. The eligibility requirements differ such as the following:
Locally Employed
- at least 21 years old at the time of the loan application but not more than 70 years old upon the loan maturity
- a Filipino citizen or a qualified foreign national
- earning a minimum monthly gross family income of P50,000 per month
- employed for at least two (2) years with the current company/employer
Self-Employed
- at least 21 years old at the time of the loan application but not more than 70 years old upon the loan maturity
- a Filipino citizen or a qualified foreign national
- earning a minimum monthly gross family income of P50,000 per month
- running a business that is profitable for at least two (2) consecutive years already
Employed Abroad
- at least 21 years old at the time of the loan application but not more than 70 years old upon the loan maturity
- a Filipino citizen or a qualified foreign national
- earning a minimum monthly gross family income of P50,000 per month
- on a 2-3 consecutive employment
With regards to the loanable amounts under the BDO Home Loan 2023 offer, both the minimum and maximum borrowing amounts allowed under the offer depend on the purpose of the loan application. The BDO Home Loan Interest Rates 2023 depend on the fixing period as well as whether the client is new to the bank or not.
| Fixing Period | New to BDO | Existing BDO Clients |
| 1 year | 7.00% p.a. | 6.75% p.a. |
| 2 years | 7.25% p.a. | 7.00% p.a. |
| 3 years | 7.75% p.a. | 7.50% p.a. |
| 4 years | 8.00% p.a. | 7.75% p.a. |
| 5 years | 8.25% p.a. | 8.00% p.a. |
The BDO Home Loan Interest Rates 2023 applies until the end of the loan term. In applying for the loan offer, there are collateral documents that need to be submitted to apply for the loan offer.
If the developer of the property is accredit with BDO
- Contract to Sell (CTS)
If the developer of the property is not accredited with BDO or a sole seller
- Photocopy of TCT/CCT and/or Contract to Sell (CTS)
- Photocopy of Tax Declaration
- Authorization of Tax Mapping signed by present owner
- Copy of payment for Appraisal Fee
For the purpose of house construction
- Photocopy of TCT
- Photocopy of Tax Declaration
- Building Plan
- Building Specifications
- Copy of payment for Appraisal Fee
Aside from the collateral documents, there are income requirements for BDO Home Loan 2023 that the loan applicant must submit for the application. The loan processing may take a few working days.
Wait for an update from BDO regarding the result of your loan application.