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BPI Housing Loan

Interest Rate
-%
Monthly Repayment
₱-
1. I want to borrow
₱
2. For how long
year
3. Fixed Term
Terms & Conditions
  • Minimum Age: 21 - 65 years old
  • Loan Tenure: up to 25 years
  • Margin of Finance: up to 80%
  • Suitable for: Purchase of House & Lot / Condominium, House Construction, Purchase of Lot, Refinancing, House Renovation / Expansion, Reimbursement.
HSBC Housing Loan Highlights

How Much Can I Borrow With A BPI Housing Loan?

  • 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)

Am I Eligible for a BPI Home Loan?

Yes, if you are:

  • Filipino citizens, of legal age but not more than 65 years old upon maturity of the loan.
  • Foreign nationals are allowed 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.

What Documents Will I Need to Prepare?

If you have applied for a BPI Family Housing Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

  1. Housing Loan Application Form
    • Duly accomplished Application Form
    • 2 valid Identification Cards
    • If married, both spouses to sign on the application form
    • If with co-borrower or co-mortgagor, separate application form is needed
  2. 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 the 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)
    • 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)
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