Guide on BPI Housing Loan “Step Up PayPlan” Features
BPI HOUSING LOAN – Here is a guide on the features of the “Step Up PayPlan” loan offer of the Bank of the Philippine Islands (BPI).
Acquiring a residential property you can call your own is one of the biggest yet most challenging thing you can ever make. Undeniably, it requires financial preparedness.
Truths be told that a lot of people reached their 40s and still renting a house and lot. It is because not everyone is financially prepared or eligible to apply for a loan.
Meanwhile, the good thing now is that the Bank of the Philippine Islands (BPI) has an offer that can help one become prepared for a home loan. It is through the “Step Up” PayPlan.
The “Step Up PayPlan” is a BPI Housing Loan offer which is open for individual applicants for the purpose of home acquisition. The minimum loan term under it is ten (10) years.
According to BPI, under the said loan offer, the monthly amortization will increase by only five (5) to ten (10) percent annually and will start with the lowest loan amortization on your first year.
Do you want to know how much you can borrow under this loan offer? Feel free to visit – BPI Step Up Housing Loan – How Much You Can Borrow Under It.
According to the bank, the interest rate can also be locked in under the BPI Housing Loan “Step Up PayPlan”. It can be locked in for three (3) years; five (5) years; or ten (10) years.
Do you want to apply for this loan offer? You may do it online through the official website of BPI or visit the nearest BPI branch to you.
Thank you for visiting our website. We hope we have helped you with regard to this matter. You may keep coming back for more informative guides.
READ ALSO: BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)