Guide on BPI Family Housing Loan Qualifications for Application
BPI FAMILY HOUSING LOAN – Here is a guide on who are qualified to apply for this loan offer of the Bank of the Philippine Islands (BPI).
Many people acquired their biggest purchases through loan offers. Truth be told that while other individuals have huge savings in the bank, they cannot afford to withdraw it all and pay it for a one-time purchase. They would rather apply for a loan and place their money where there is a chance for it to grow.
When it comes to huge purchases, among these are buying a car and a house and lot. Many individuals most especially those who have huge families would prefer to get a residential property before a vehicle first.
Are you one of those who want to get a residential property this year or anytime soon? What do you plan to get?
If you are also decided to apply for a loan to get your target house and lot, you may turn to banks for offers. One of the trusted banks in the country with a housing loan offer is the Bank of the Philippine Islands or more commonly called BPI.
You may turn to BPI Family Housing Loan. In this way, your qualification won’t have to stand alone as your partner’s qualification like his or her income can help you get that loan approval.
Back to your own qualification in applying for BPI Family Housing Loan, it is open for Filipino citizens who are of legal age but not more than 65 years old upon the loan maturity.
With regards to the loanable amounts under this loan offer, feel free to visit – BPI Family Housing Loan: How Much You May Borrow Under It. The loan repayment depends on which type of residential property you wanted to acquire. The Bank of the Philippine Islands has set the following:
- up to 25 years for house and lot
- up to 10 years for vacant lot, residential condominium unit, business loan, refinancing and multi-purpose loans
You may also visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)