Guide on BPI Housing Loan Requirements 2025 for Application
BPI HOUSING LOAN REQUIREMENTS 2025 – Self-employed individuals who want to apply for the loan must submit the following documents.
Are you a self-employed individual who is looking for an entity that can turn you turn your dream house into a reality? In the country, one of the trusted entities that you may turn to is the Bank of the Philippine Islands or more popularly called BPI.
The Bank of the Philippine Islands is not only one of the reputable banks in the country but also one of the biggest banking entities. It has a wide range of offers including varieties of bank accounts, loans, credit cards, and even investment products. Are you excited to have your own home soon?
For those who wish to turn their dream house into a reality, the Bank of the Philippine Islands has the BPI Housing Loan offer — one of the BPI loans that is packed with excellent features. It is ready to finance the purchase of residential properties whether it is a vacant residential lot, a house and lot, a condominium unit, or a townhouse.
The BPI Housing Loan is also ready to finance house constructions and home renovations. You may also apply for it to refinance an existing home loan with another entity.
Who are qualified to apply for the loan offer? Before checking on the BPI Housing Loan requirements, it is important to first check the eligibility requirements under the loan offer. To qualify, here are the eligibility criteria that the loan applicant should meet:
- 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 not only for employed individuals but as well as self-employed individuals. In the case of self-employed individuals, here are the BPI Housing Loan requirements for application:
- 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
- valid DTI Registration or Mayor’s Permit
- latest ITR with audited financial statements
- working account (6mos) with authorization letter to verify
- trade references with complete contact information (business name, complete address, contact person, business phone number) * Major suppliers (at least 3) * Major clients (at least 3)
- authorization letter to conduct trade verification
According to the Bank of the Philippine Islands, self-employed individuals who are party owners of a partnership or corporation should include the following in their list of BPI Housing Loan requirements for application:
- individual ITR
- Payroll account where claimed salaries are credit, with authorization letter to verify
BPI requires specific documents pertaining to the property or collateral under the loan offer. The following must be submitted as part of the BPI Housing Loan 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)
Aside from the Housing Loan offer, the Bank of the Philippine Islands also has the BPI Cash Loan.