Guide on BPI Home Loan “Step Up PayPlan” Monthly Payments for P3-Million Loan
BPI HOME LOAN – Here is a guide on how much is the monthly due for a P3-million loan under the “Step Up PayPlan” offer of the Bank of the Philippine Islands (BPI).
The Bank of the Philippine Islands or more commonly called as BPI has an excellent offer now for those who wanted to purchase a house or a car. Your loan can be under the “Step Up PayPlan”.
The Step Up PayPlan aims to assist the borrower in paying for the loan. The thing about this offer is that you can start with low monthly amortizations so you have ample time to adjust your budget.
The monthly payments increase annually. Under the Home Loan, a five (5) to ten (10) percent increase in the monthly due may take place every year.
The BPI Home Loan “Step Up PayPlan” is open for individual applicants. It is solely for the purpose of home acquisition and the minimum loan term is ten (10) years.
Do you want to know how much you can borrow under this home loan plan offer? You may visit – BPI Step Up Housing Loan – How Much You Can Borrow Under It.
According to BPI, you can have the interest rate of your loan locked in three (3) years, five (5) years, or ten (10) years. If you wanted to borrow Php 3-million under the BPI Home Loan “Step Up PayPlan”, here is a guide on the monthly due depending on the lock-in period.
3-Year Lock-In Period at 7.25% Interest Rate for 10 Years
- Year 1 – Php 28,469.00
- Year 2 – Php 31,316.00
- Year 3 – Php 34,447.00
- Year 4 (assumed at a renewed rate of 8.88%) – Php 39,668.00
5-Year Lock-In Period at 7.25% Interest Rate for 10 Years
- Year 1 – Php 24,056.00
- Year 2 – Php 26,462.00
- Year 3 – Php 29,108.00
- Year 4 – Php 32,018.00
- Year 5 – Php 35,220.00
- Year 6 (assumed at renewed rate of 8.88%) – Php 45,922.00
10-Year Lock-In Period at 8.50% Interest Rate for 10 Years
- Year 1 – Php 30,601.00
- Year 2 – Php 32,131.00
- Year 3 – Php 33,738.00
- Year 4 – Php 35,424.00
- Year 5 – Php 37,196.00
- Year 6 – Php 39,055.00
- Year 7 – Php 41,008.00
- Year 8 – Php 43,059.00
- Year 9 – Php 45,212.00
- Year 10 – Php 47,308.00
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