Guide on the Appraisal Fee Under the BDO Housing Loan
BDO HOUSING LOAN – Here is a guide on the appraisal fee under this BDO Unibank loan offer based on the property’s location.
In the Philippines and in several other countries, there are ways to obtain a residential property without a one-time full payment of the said property. It is through loans.
Loans may be offered by bank, lending companies, or even government agencies. Although it will give you monthly dues, it is undeniably far better than paying for the rent.
At the end of paying for a loan, the property is yours. On the other side, if you are paying for the rent, no matter how many decades you will stay in a house, the property will never be yours unless you and the owner agreed on a rent-to-own scheme.
One of the banks you can turn to for housing loans is BDO Unibank. It is open for several purposes:
- house and lot purchase
- townhouse unit acquisition
- vacant lot purchase
- house construction
- home renovation
- reimbursement of house acquisition
- loan take-out
To be eligible to apply for the said loan offer, the applicant must be:
- at least 21 years old but not more than 70 years old upon the maturity of the loan
- Filipino citizen / foreign citizen
- earning at least Php 50,000.00 monthly
- employed or self-employed with a stable source of income
The appraisal fee set by the bank under the BDO Housing Loan depends on the location of the property. Here are the fees:
- Php 5,000.00 – if within 30 kilometers from any BDO branch
- Php 5,500.00 – if not within 30 kilometers from any BDO branch
To apply, you may visit – BDO HOME LOAN: How To Apply for House Loan to Banco de Oro.
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