Guide on BPI Solar Mortgage 2025 Offer
BPI SOLAR MORTGAGE 2025 – There is an option to get away from huge electric bills and here is a guide for you on how to do it.
Nowadays, more and more people are seeing the advantages of having your home powered by solar panels. It is the fastest way to ditch huge electric bills so you can achieve your other goals in life and not spend a huge chunk of your monthly income on your electricity bill.
Are you interested about the possibility of getting your home powered by solar panels? Truth be told that it may cost you a huge amount of money at first. Meanwhile, there is nothing to fret about — you can have it financed by one of the most reputable banks in the country.
The Bank of the Philippine Islands, more popularly called BPI, offers a BPI Solar Mortgage that is ready to provide funds for the installation of solar panels in your home. There are several ways on how you may avail it.
The bank boasts its loan offer not just with an access to additional funds but as well as an option to consolidate your loans if you have an existing home loan with the bank. You may also use your existing collateral to fund the installation of solar panels at your home.
As mentioned, there are several ways on how you can avail the BPI Solar Mortgage offer. Here is a guide for you:
Top-up Equity Loan
Through this, you can have an additional housing loan for the purpose of financing the installation of the solar panels in your home. You may also have it consolidated under a single new housing loan account along with the existing housing loan instead of having separate accounts.
Property Equity Loan
If you don’t have an existing housing loan with BPI but you own a real estate property, you can use your property as the collateral to secure a loan for the purchase of solar panels for your home.
Multi-Purpose Loan
To avail the BPI Solar Mortgage, the option is not just for individuals who have a BPI Housing Loan account or an existing real estate property that can be used as collateral. You may also use your car to secure a financing of your solar panel acquisition.
Mortgage Switch
If you have an existing housing loan account with other banks, you can transfer it under the Bank of the Philippine Islands with the option to avail the All-In Financing payment option offer of the bank. It will give you zero upfront fees as well as many other housing loan promotions.
With regards to the amount that the BPI Solar Mortgage offer can provide, it varies, thus, it is important to check it so you can compare it with the quotation for the cost of the solar panel installation in your home.
BPI stated that a quotation is required in applying for the solar panel loan, thus, it is important to have it.