Guide on BPI Home Loan Rates for Interest for Home Construction
BPI HOME LOAN RATES – Here is a list of the interest rates for the purpose of house construction under the Bank of the Philippine Islands.
When it comes to banks in the country, one of the most popular is the Bank of the Philippine Islands. More commonly called BPI, it is not only one of the giants in the field but as well as one of the most trusted entities.
BPI has several offers. It has savings and deposit accounts, loans, credit cards, and investment products. The bank has helped a lot of people obtain huge and beneficial possessions like residential properties and cars though its loan offers.
One of the loans offered by the Bank of the Philippine Islands is the BPI Home Loan. It serves several purposes – the acquisition of a residential property; financing of home construction or house renovation; and home equity loan.
With regards to the home loan offer for the purpose of home construction, it is open to finance a house construction on a vacant lot; after demolishing an existing structure; and a house construction and lot purchasing combined.
Who are qualified to apply for a home loan offer? To see if you are eligible to apply for it, you may visit – BPI Home Construction Loan: Who Are Qualified To Apply For It.
You might also like to check the loanable amounts before getting into the BPI Home Loan rates. To check how much you may borrow under the said offer, feel free to visit – BPI House Construction Loan: Minimum & Maximum Loanable Amounts.
Fixing Period and Rate:
- 1 Year – 6.75%
- 2 Years – 7.00%
- 3 Years – 7.50%
- 4 Years – 7.75%
- 5 Years – 7.98%
- 10 Years – 10.25%
- 15 Years – 10.50%
- 20 Years – 12.00%
To apply for this loan offer, you may head to a branch of BPI nearest to you for the requirements. The list of documents that need to be submitted vary depending on the applicant’s source of income.
You may also visit – BPI Loan Status: How To Monitor Your Loan Application Status