Guide on BDO Home Loan Interest Rates & Fees under the Offer
BDO HOME LOAN INTEREST RATES – Here is a guide on the interest rates and fees charged by BDO Unibank under the loan offer.
Are you looking for a bank where you may apply for a home loan? If you want a trusted entity, one of those that you may turn to is BDO Unibank. It is a giant in the Philippine banking industry.
BDO is in the service of the Filipino people for decades now. It is one of the biggest banks in terms of assets and its offers encompass both personal and business categories.
Under the personal offers, one of the loans that you might like to apply for is the BDO Home Loan. It is open to finance a residential property acquisition, house construction, and using the residential property as the collateral to obtain funds.
The bank can finance up to 80% of the selling price of the property. However, before filing your loan application, it is best to know the BDO Home Loan interest rates as well as the fees.
The loan is payable for up to 20 years. The client has an option to choose the fixing period. There are different BDO Home Loan interest rates among the clients who are new to the bank and those who have existing accounts.
| 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. |
With regards to the fees under the BDO Home Loan offer, there are charges upon the loan application as well as those that are charged after the approval of the loan application. The fee that clients must be prepared of upon the application is the Appraisal fee which are as follows:
- If collateral is within 30km radius from any BDO branch – ₱5,000
- If collateral is outside 30km radius from any BDO branch – ₱5,500
Once the BDO Home Loan application was approved, here are the fees charged by the bank:
- Handling fee – ₱3,000
- Notarial fee – ₱200 per document
- Registration fee – Variable
- Doc Stamp Tax
- ₱1.50 for every ₱200 of the loan amount
- Credit Life Insurance (CLI) Premium
- ₱4.75 for every ₱1,000 of the loan amount (assuming standard rate for borrowers up to 49 years old)
- ₱6.50 for every ₱1,000 of the loan amount (assuming standard rate for borrowers ages 50 to 69 years old)
- Fire Insurance (FI) Premium
In the case of loans for construction or renovation loan, here are the charges implemented by the BDO Unibank:
- Inspection Fee – ₱1,500 per inspection
- Contractor’s All-Risk Insurance (CARI)
