Details on How Much Is BDO Home Loan Loanable Amount Based on Application Purpose
HOW MUCH IS BDO HOME LOAN – Here is a guide on the loanable amounts under the BDO Unibank loan offer based on the purpose of the application.
Nowadays, the people have a lot of options in making big purchases. Even if you don’t have millions in your bank accounts or wallet, you may get to own a residential property or a car. This is possible because of loan offers that are made available by different entities.
One of the popular and trusted loan providers in the Philippines is BDO Unibank. In fact, it has a Home Loan offer that can finance residential property acquisition and construction. It is open not only for Filipinos living within the country as well as Pinoys working abroad.
How much is the BDO Home Loan loanable amount? It depends on the residential property involved under the loan offer.
House & Lot or Townhouse Acquisition and House Construction
- Minimum Loanable Amount — Php 500,000.00
- Maximum Loanable Amount — Up to 80% of the value of the appraised value of the property
- Maximum Loan Term — 20 years
Vacant Lot Acquisition
- Minimum Loanable Amount — Php 300,000.00
- Maximum Loanable Amount — Up to 70% of the value of the appraised value of the property
- Maximum Loan Term — 10 years
Condo Unit Acquisition
- Minimum Loanable Amount — Php 500,000.00
- Maximum Loanable Amount — Up to 70% of the value of the appraised value of the property
- Maximum Loan Term — 15 years
The bank can also finance the loan-related fees and have it paid up to the term of your Home Loan. The Insurance Premium for 1 year coverage can be paid in 12 equal monthly installments without interest.
Are you interested to apply for the BDO Home Loan offer? There are requirements that you must prepare and the list depends if you have a BDO account or none.