Guide on BPI Housing Loan Requirements 2025 for Application
BPI HOUSING LOAN REQUIREMENTS 2025 – Locally-employed individuals who want to apply for the loan must submit the following documents.
One of the most trusted banking entities in the country is the Bank of the Philippine Islands or more popularly called BPI. It is operating in the country for several decades now since 1851. Through the years, it continues to multiple its offers and expand their features.
Aside from the variety of bank accounts, the bank also offers credit cards which include the BPI Amore Cashback Credit Card and the BPI Amore Platinum Credit Card, as well as loans. With regards to its loan offers, one of them is the BPI Housing Loan offer.
The BPI Housing Loan offer is open for several purposes including the financing of an acquisition of a residential property, a house construction, a home renovation, and an existing home loan refinancing. Through this, the bank wants to help turn countless dreams into realities. Are you interested to apply for the loan offer?
In applying for the loan offer, there are both qualifications as well as BPI Housing Loan requirements that you need to submit. To be eligible to apply for the loan offer, you should meet the following qualifications for application:
- either a Filipino citizens or foreigners married to a Filipino citizen
- at least 21 years at the time of the loan application for primary borrowers and not more than 70 years old upon the loan maturity
- with sufficient income
The Housing Loan offer is open for both salaried and non-salaried individuals. If you are a locally-employed individual, here are the BPI Housing Loan requirements you must prepare and submit to apply for the loan offer:
- duly-accomplished BPI Housing Loan Application Form
- 2 valid Identification Cards which may include the following:
- Philippine National ID (PhilID/ePhilID)
- Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
- Driver’s License issued by LTO
- GSIS ID
- MARINA ID
- OFW ID
- OWWA ID
- Pag-IBIG ID (with photo)
- Passport
- PWD ID issued by NCDA
- PhilHealth ID (with photo)
- Philippine Postal IDPRC ID
- Senior Citizen ID
- SSS ID
- TIN ID
- UMID
- Voter’s ID
- latest Certificate of Employment or COE
- latest 3 months pay slip
- latest Income Tax Return or ITR
- Authorization letter to verify employment
According to the bank, you may also submit bank statements of your payroll account with authorization letter for verification as a proof of income. In case your income is commission-based, the BPI Housing Loan requirements may include the following:
- Certificate of employment stating commissions received prior year/months/period and Commissions Receivable, if any
- Bank statement where commission is credited, with authorization letter to verify
In the case of employed foreigners who want to apply for the BPI Housing Loan offer, the applicant must have a Filipino spouse to act as primary borrower. The bank also requires the submission of the following collateral requirements:
- Photocopy of Owner’s Duplicate Copy of the Condominium Certificate of Title or Transfer Certificate of Title (as applicable)
- Photocopy of the updated Tax Declaration, Tax Clearance, Tax Receipt
- Photocopy of notarized Contract-to-Sell or Offer-to-Sell from registered owner of property (for private sellers)
- Signed Authorization Letter for Tax Mapping and Inspection of Property (for properties in secondary market)
- Photocopy of notarized Contract-to-Sell / Letter of Endorsement / Official Computation Sheet from developers (for accredited developer tie-up properties)
- Non-refundable appraisal fee of Php 5,000 (inclusive of title verification)
- Photocopy of latest Statement of Account with existing mortgagor (for refinancing)
- Complete set of Building Plan, Bill of Materials, Scope of Work/Cost Estimates (for construction loan)
If you are self-employed, there is a different set of BPI Housing Loan requirements that you need to prepare and submit to the bank. For a smooth application process, it is important to make sure you have all the documents needed before heading to a branch of the Bank of the Philippine Islands (BPI).
Aside from the Housing Loan offer, the Bank of the Philippine Islands also has the BPI Cash Loan.