Guide on the BPI House Loan Interest Rates Implemented by Bank Based on Application Purpose
BPI HOUSE LOAN INTEREST RATES – Here is a list of the interest rates implemented by Bank of the Philippine Islands under its housing loan offers based on application purpose.
Do you want to start taking a move to acquire your dream house now? You may seek the help of certain banks just like the Bank of the Philippine Islands. More commonly known as BPI, it can provide you with a cash assistance.
The BPI Housing / House / Home loan is open for several purposes. You may apply for it to buy a residential property, to construct a house, to renovate your home, or to pay for the property equity. It features affordable interest rates and fast and easy application processing.
Under the BPI House Loan, you may borrow a minimum of Php 400,000.00. The maximum loanable amount depends on your application purpose.
- Minimum Loanable Amount – Php 400,000.00
- Maximum Loanable Amount
- Purchasing a house and lot – Up to 70% of the appraised value
- Purchasing a vacant lot or condominium unit – Up to 60% of the appraised value
- Purchase of a house and lot not exceeding Php 5-million – Up to 80% of the appraised value
The housing loan offer of BPI features easy payment options. You can pay for it through an automatic debit arrangement for your convenience.
With regards to the BPI House Loan interest rates, it will depend on the application purpose. The bank sets different rates for home acquisition, home construction and renovation, and property equity.
Aside from the application purposes, the rates will also vary depending on the fixing periods. Here is a list of the BPI House Loan interest rates implemented by the bank:
Home Acquisition
- 1-Year Fixing Period – 6.50%
- 3-Year Fixing Period – 7.00%
- 5-Year Fixing Period – 7.88%
- 10-Year Fixing Period – 9.50%
- 15-Year Fixing Period – 10.50%
- 20-Year Fixing Period – 12.00%
Home Construction & Renovation
- 1-Year Fixing Period – 6.50%
- 3-Year Fixing Period – 7.00%
- 5-Year Fixing Period – 7.88%
- 10-Year Fixing Period – 9.50%
- 15-Year Fixing Period – 10.50%
- 20-Year Fixing Period – 12.00%
Property Equity
- 1-Year Fixing Period – 7.00%
- 3-Year Fixing Period – 7.50%
- 5-Year Fixing Period – 8.50%
- 10-Year Fixing Period – 10.00%
- 15-Year Fixing Period – 11.00%
- 20-Year Fixing Period – 12.50%
Planning to apply for the home loan offer of the Bank of the Philippine Islands? You might like a guide, feel free to visit – BPI HOUSING LOAN: How To Apply For Housing Loan Through BPI Online.
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READ ALSO: BPI LOANS – List of Loan Offers by Bank of the Philippine Islands (BPI)