BPI Housing Loan for Construction: Minimum & Maximum Amounts You May Borrow

Guide on BPI Housing Loan Details and Application Requirements

BPI HOUSING LOAN – Here is a guide on the minimum and maximum loanable amounts under the Home Loan offer of the Bank of the Philippine Islands (BPI) for house construction.

Are you planning to construct a house and you are looking for a bank where you can apply for a loan to finance the construction? You may turn to the Bank of the Philippine Islands or more commonly called BPI.

BPI Housing Loan
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The home loans offered by the Bank of the Philippine Islands (BPI) serves four (4) main purposes – the financing of house acquisition, construction, renovation, and property equity loan. In this article, let us focus on the BPI Housing Loan for house construction purpose.

Whar are the properties eligibled under BPI Housing Loan?

  • construction of house on a vacant residential lot
  • construction of house after demolishing an existing structure
  • combined house construction and lot purchase

Interest Rates under the Home Loan offer:

You can repay your loan from one (1) year up to 20 years. You can have the interest rate fixed on a certain period based on the following fixing period and rates:

Fixing Period (Years)Rate
17.00%
27.25%
37.75%
48.00%
58.25%
1010.25%
1510.50%
2012.00%

Who are qualified to apply for this BPI Housing Loan for acquisition purpose? To be eligible, the borrower-applicant must be:

  • at least 21 years old upon the loan application
  • not more than 65 years old upon the loan maturity
  • earning a household income of at least Php 40,000.00 per month

How much you may borrow under the BPI Housing Loan for acquisition purpose? Here are the minimum and maximum loanable amounts under the offer:

  • Minimum Loanable Amount – Php 400,000.00
  • Maximum Loanable Amount – up to 90% of the value of the property

To apply for the BPI home loan offer, there are documents that you must submit in applying. Feel free to visit – BPI Bank Loan Requirements for Housing Loan – List of Documents to Submit.

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