List of Collateral Requirements & the BDO Home Loan Fees for Application
BDO HOME LOAN FEES – You can check here the fees and the collateral documents that BDO Unibank requires in applying for loan offer.
In the Philippines, one of the banks that you may turn to for a Home Loan is BDO Unibank. It has helped countless Filipinos in acquiring residential properties with others regarding house construction.
The bank boasts its loan offer with flexible loan options, affordable cash-out, light payment options, and flexible loan terms among others. In applying for the loan offer, there are collateral documents that must be submitted as well as BDO Home Loan fees that the client must be prepared of.
Here is a guide on the collateral documents required by BDO Unibank in applying for the loan offer:
For Properties from Individual Sellers
- 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 Properties from BDO-Accredited Developers
- Contract to Sell (CTS)
For Properties from Individual Sellers
- 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 House Construction
- Photocopy of TCT
- Photocopy of Tax Declaration
- Building Plan
- Building Specifications
- Copy of payment for Appraisal Fee
With regards to the BDO Home Loan fees, the lists include the application processing fee which are as follows based on the location of the collateral:
- If collateral is within 30km radius from any BDO branch – Php 5,000
- If collateral is outside 30km radius from any BDO branch – Php 5,500
For approved loan applications, there are BDO Home Loan fees that are bound to be shouldered by the borrower. Here are the charges:
- Handling fee — Php 3,000
- Notarial fee — Php 200 per document
- Registration fee — Variable
- Doc Stamp Tax — Php 1.50 for every ₱200 of the loan amount
- Credit Life Insurance (CLI) Premium:
- For borrowers up to 49 years old — Php 4.75 for every ₱1,000 of the loan amount
- For borrowers ages 50 to 69 years old — Php 6.50 for every ₱1,000 of the loan amount
- Fire Insurance (FI) Premium
In the case of house construction, here are the fees that the loan applicant must be aware of:
- Inspection Fee – Php 1,500 per inspection
- Contractor’s All-Risk Insurance (CARI) — based on the amount of building materials and occupancy
