BPI Family Housing Loan: How Much You May Borrow Under It

Guide on BPI Family Housing Loan Loanable Amounts

BPI FAMILY HOUSING LOAN – Here is a guide on how much you may borrow under this loan offer of the Bank of the Philippine Islands (BPI).

One of the best personal investments you can make is to purchase a residential property. It is widely known that the price of lot only goes an upward trend that there is really no loss to it most especially if you have chosen a good location. The years have proven that even areas that seem to be inaccessible before have the chance to develop and drive a lot of interest.

However, in most cases, there is a common thing that stops a person from purchasing a residential property – financial unpreparedness, Many people do not have huge savings in the bank and they cannot purchase a property in cash.

Meanwhile, there are actually several options that you can turn to – among these are loans. In fact, even individuals who have huge savings in the bank would prefer getting a residential property through a loan than withdrawing all their money for a one-time purchase.

In most cases, one would prefer to get a house and loan under a loan and use his or her money to invest it where it has the chance to grow. If with grace it grows, your earnings can freely pay the monthly amortization of your residential property.

For housing loans, you can turn to banks. One of the trusted banks with an excellent offer is the Bank of the Philippine Islands. Have you heard about the BPI Family Housing Loan?

The BPI Family Housing Loan offer is open for several purposes. You may apply for it to purchase a vacant lot, a house and lot, or a residential condominium unit. With regards to how much you may borrow under it, here are the minimum and the maximum loanable amounts:

• Minimum Loanable Amount – Php 400,000.00
• Maximum Loanable Amounts
  • 70% of appraised value of house and lot
  • 60% of appraised value of vacant lot or residential condominium
  • Up to 80% of appraised value of house & lot not to exceed P5M

If you want an affordable loan for residential property acquisition, you may visit – BPI Step Up Housing Loan Vs. Regular Loan Monthly Dues.