Guide in Checking Your Qualification for the BPI Housing Loan
BPI HOUSING LOAN – Here is a guide on how to check if you are qualified for the housing loan offer of the Bank of the Philippine Islands in 60 seconds.
Nowadays, getting a new house and lot is more within the reach considering the offers of banks, lending companies, and government agencies. They have house loans that can assist you in your residential property purchase.
One of the banks with the said loan offer is the Bank of the Philippine Islands (BPI). Its offer is open for the following purposes:
- purchase of a vacant residential lot
- purchase of a house and lot
- purchase of a condominium unit
- purchase of a townhouse
- house construction
- home renovation
Do you want to know the main eligibility qualifications in applying for the said BPI loan offer? To be eligible, the applicant must be:
- a Filipino / foreigner married to a Filipino / foreigner with issued immigrant or resident visa
- earning at least Php 40,000.00 total household income monthly
With regards to the loan term, the maximum term for the purchase of a house and lot is 25 years. For other purposes in applying for the loan like the purchase of a vacant lot, the maximum loan term is 10 years.
Do you want to know how much you can borrow under the said offer? You may visit – BPI HOME LOAN – Minimum & Maximum Loanable Amounts Under the BPI Home Loan.
Aside from passing the main eligibility qualifications, there is way for you to check your qualification for the BPI Housing Loan. You can do it in 60 seconds through the tool provided by the bank on its official website – https://bit.ly/35xJ36E.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: BPI HOUSING LOAN – How To Apply For Housing Loan Through BPI Online