BPI Home Loan Information
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Along with LOW INTEREST RATES, BPI Family leads you to the best options for your housing needs by offering:
• Customized payment terms
• Expert housing advice
• Extensive tie-ups with developers and brokers
Housing Loan options that fit your needs
Whether you’re eyeing a new condo unit or you need a multi-purpose loan with your house as collateral, BPI Family has something for you.
Housing Loan:
• Acquisition of vacant lot, house and lot, a townhouse and
residential condominium
• House construction
• Home improvement
Property Equity Loan:
• Avail of a multi purpose cash loan using your property as collateral.
1. Who are eligible to apply for a BPI Family Housing Loan?
• Filipino citizens, of legal age but not more than 65 years old upon maturity of the loan.
• Foreign nationals are allowed for condominium purchases only.
• If you are a foreign national and married to a Filipino citizen, you may acquire a house and lot
provided you first execute an Affidavit of Support and Waiver of Rights over the collateral property.
2. How much can I borrow?
• Minimum of P400,000
• Maximum of 70% of appraised value of house and lot
• Maximum of 60% of appraised value of vacant lot or residential condominium
• Up to 80% of appraised value of house & lot not to exceed P5M
(provided applicant is employed and purpose is for owner occupancy)
3. How much should my minimum total household income be to qualify for a loan?
• Minimum of P40,000
4. What are the loan terms available?
• Maximum of 25 years for house and lot
• Maximum of 10 years for vacant lot, residential condominium, business loan, refinancing,
or multi-purpose loans
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Documents Required Upon Loan Application
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PRE-PROCESSING REQUIREMENTS
A. Housing Loan Application Form
• Duly accomplished Application Form
• 2 valid Identitifcation Cards
• If married, both spouses to sign on the application form
• If with co-borrower or co-mortgagor, separate application form is needed
B. Income Documents
If locally employed (working within the Philippines)
• Certificate of Employment (COE) indicating salary, position and length of service
• Latest Income Tax Return (ITR) for the last 2 years
If Expat Pinoy (Overseas Filipino Worker)
• Contract / Certificate of Employment (COE) authenticated by Philippine Consulate
• Crew Contract and Exit Pass validated by POEA (seaman)
• Proof of monthly remittances
• Notarized or authenticated Special Power of Attorney (BPI FSB Format)
If Self-employed
• Articles of Incorporation and By-Laws with SEC Registration Certificate
• Audited Financial Statements for the last 2 years
• DTI Registration
• Income Tax Return w/ Statement of Assets and Liabilities (SAL) for last 2 yrs
• List of Trade References (at least 3 names with telephone nos. of major
suppliers/customers)
• Bank Statements for the past 6 months
If Practicing Doctor
• Clinic address/es and schedule
If from Commission
• Vouchers or Bank Statements (last 6 months reflecting commission income)
If from Rental of Properties
• Rental/Lease Contract (indicating name of tenants and rental amounts with complete
addresses of properties being rented)
• Photocopy of Title (TCT/CCT)
C. Collateral Documents
• Clear copy of Owner’s Duplicate Copy of TCT/CCT
• Lot Plan with Location/Vicinity Map certified by licensed Geodetic Engineer
• Photocopy of Tax declaration / Tax receipts / Tax clearance
• Endorsement Letter / computation sheet / Contract to Sell from developer stating the
contract price (for accredited developer/project)
