Guide on BPI Housing Loan Requirements 2025 for Application
BPI HOUSING LOAN REQUIREMENTS 2025 – Pensioner individuals who want to apply for the loan must submit the following documents.
Nowadays, there are several entities that provide housing loans. Aside from government institutions like the Pag-IBIG Fund, there are also several banks that offer this type of loan. However, not all are open for pensioner applicants. One of the few that caters pensioner applicants is the Bank of the Philippine Islands.
The Bank of the Philippine Islands or more popularly called BPI is one of the most reputable banks in the country. It is operating in the country for decades now offering different types of bank accounts including the one that provides the BPI Debit Mastercard, credit cards, and loans among others. One of the loans of the bank is the Housing Loan.
The Housing Loan offer of the Bank of the Philippine Islands is open not only for salaried and non-salaried individuals but as well as pensioners. It can provide the fund that you need in purchasing a vacant residential lot or a house and lot or in funding a house construction or a home renovation. You can check the BPI Housing Loan requirements below.
Whether you are a locally-employed or self-employed individual, an overseas Filipino worker , or a pensioner, here is the eligibility criteria that you should meet apart from the BPI Housing Loan requirements that you need to submit:
- 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 Bank of the Philippine Islands has set a unique list of BPI Housing Loan requirements for pensioner applicants of the offer. Here are the documents that pensioners must submit in applying for the loan:
- 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
- Certificate of Pension, with authorization letter to verify
- Bank statements of pension account, with authorization letter to verify
- SSN
Just like in other housing loan offers, the BPI Housing Loan requirements also include collateral documents. Here are the documents that should be part of those that you need to submit to the bank for the application process:
- 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)
As mentioned, the Bank of the Philippine Islands has set different lists of requirements depending on the nature of the source of income of the loan applicants. Here is a guide:
Have you also heard about the BPI Cash Loan?