Guide on How Much You May Borrow Under the BPI Housing Loan
BPI HOUSING LOAN – Here is a guide on how much you may borrow under the Bank of the Philippine Island‘s housing loan offer.
Nowadays, you can purchase a house although you do not have at least a million savings. Several banking companies and lending firms now are on the move to provide assistance to the people.
These entities usually provide financial assistance for big purchases through loan offers. Let us take for example the offer of the Bank of the Philippine Islands (BPI) in buying a house.
You may apply for the housing loan offer of the bank. It is open for a Filipino, a foreigner married to a Filipino citizen, or a foreigner with a resident visa or an issued immigrant visa.
The loan offer of the bank is open not only for the purchase of buying a house and lot. You may also apply for it for constructing a house.
How much can you borrow under the BPI Housing Loan offer?
According to BPI, the minimum loanable amount under the said loan offer is Php 400,000.00. For the purchase of a house and lot, you may borrow up to 70% of the property’s appraised value. For the purchase of a vacant residential lot or condominium unit, up to 60% of the property’s appraised value can be borrowed from the bank.
Do you want to apply for the said BPI loan offer? You may check for your eligibility to apply for it and get the results in as fast as 60 seconds. You may visit – BPI Housing Loan – Check If You’re Qualified To Apply for It in 60 Seconds.
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Maintenance for may house and lot