BDO HOME LOAN LOANABLE AMOUNTS – How Much You Can Borrow

Guide on the BDO Home Loan Loanable Amounts

BDO HOME LOAN LOANABLE AMOUNTS – Here is a guide on how much you can borrow under the BDO Unibank home loan offer.

Nowadays, one of the options to acquire a house without releasing a huge amount of money from your account is by applying a bank home loan offer. The BDO Unibank or formerly known as Banco de Oro is one of the banks in the Philippines that have the said offer.

The home loan offer of BDO is open for a lot of purposes aside from the acquisition of a residential property. Here is a list of the purposes that this loan offer serves:

• acquisition of house and lot / townhouse
• acquisition of condominium unit
• acquisition of vacant lot
• house construction
• house renovation / improvement
• refinancing or loan take-out
• residential property acquisition reimbursement

Based on the official website of BDO Unibank, under its home loan offer, it is an “all-in financing” meaning you can spread out all the fees and charges related to your mortgage. Also, it features a built-in insurance that offers one(1) year coverage.

To be eligible for the said loan offer, the applicant must be:

• a Filipino citizen or a foreign national
• at least 21 years old but not more than 70 years old on the day that the loan matures
• earning at least Php 50,000.00 per month
• having a stable source of income

With regards to the BDO Home Loan loanable amounts, here is a guide on how much you can borrow under this bank offer:

• House and Lot Acquisition
  • Minimum Loanable Amount – Php 500,000.00
  • Maximum Loanable Amount – Up to 80% of the appraised value of the property
• Condo Unit Acquisition
  • Minimum Loanable Amount – Php 500,000.00
  • Maximum Loanable Amount – Up to 70% of the appraised value of the property
• Vacant Lot
  • Minimum Loanable Amount – Php 300,000.00
  • Maximum Loanable Amount – Up to 70% of the appraised value of the property

Aside from the BDO Home Loan loanable amounts, the bank also posted the maximum loan terms under the offer. For the acquisition of a house and lot, the maximim term is up to twenty(20) years. For condo unit acquisition, it is up to fifteen(15) years. For the purchase of a vacant lot, you may pay for it for up to ten(10) years.

For a guide on how to apply, you may visit – BDO HOME LOAN: How To Apply for House Loan to Banco de Oro.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: BDO HOUSE LOAN INTEREST RATES – List of Rates Under BDO Home Loan