Guide on BPI Home Acquisition Loan Qualifications for Application
BPI HOME ACQUISITION LOAN – Here are the qualifications set by the Bank of the Philippine Islands (BPI) for its home acquisition loan offer.
Nowadays, there are a lot of options that you can turn to for assistance in achieving your target residential property. Among these are loans that serve the purpose of acquisition may it be a vacant residential lot, a house and lot, a condominium unit, or a townhouse.
One of these loan offers is from the Bank of the Philippine Islands. More commonly called BPI, the bank actually offers home loans that serve different purposes such as the financing of the following:
- residential property acquisition
- house construction
- home renovation
- home equity loan
In this article, we will discuss about the home loan offer of the Bank of the Philippine Islands for the purpose of residential property acquisition. The bank has set qualifications in the application for its BPI Home Acquisition Loan offer.
Who are qualified to apply for BPI Home Acquisition Loan? To be eligible to apply for this loan offer of the Bank of the Philippine Islands, the applicant-borrower must be:
- at least 21 years old upon the loan application but not more than 65 years old upon the loan maturity
- having a minimum household income of Php 40,000
According to BPI, the loan can be repaid in a minimum of one (1) year term to a maximum of twenty (20) years. How about the interest rate? To check on the interest rates under this home loan offer for the purpose of residential property acquisition, you may visit – BPI Home Loan Rates.
BPI is one of the biggest banks and the most trusted banking institutions in the Philippines. It has a lot of branches across the nation. It has several loan offers which you can apply for online. You may visit – APPLY BPI LOAN – Guide On Easy Online Application For BPI Loans.
