Buying and owning a home are two different things. BDO Home Loan All-in Financing brings together everything you need at all stages of owning a home including financing charges such as Transfer Cost, Title Registration Fees, Insurances and Incidental Expenses.
Now, you can finally call your home your own!
What's more, you also enjoy low interest rates with longer payment terms. Now that's worry-free home financing solutions only from BDO Home Loan.
Apply Now! Call 631-8000 or 1-800-10-6318000 (Domestic Toll-Free) or visit the nearest BDO branch or BDO On-site
There's more in store when you sign up for a BDO Home Loan:
Budget and project your expenses, knowing your rate and payments will stay the same. You have an option to fix interest rates up to 10 years based on prevailing home loan rate.
Fixed Rates:
9.75% fixed for 1 year
10.00% fixed for 2-3 years
10.25% fixed for 4-5 years
11.00% fixed for 6-10 years
11.25% fixed for 11-15 years
11.50% fixed for 16-25 years
Yearly repricing after the fixing period
| Appraisal Fee | P3,500 |
| Appraisal Fee outside Meto Manila | P4,000 |
| Processing Fee | P3,000.00 |
| Mortgage Redemption Insurance | P4,430.00 for every million, assuming standard rating |
| Fire Insurance | Depends on the appraised value of the Improvement |
| Mortgage Registration Expense (based on loan amount) | Depends on the loan amount |
Apply now and you get approval of your loan within 10 days
Acquisition of vacant lot, house and lot, townhouse, condominium unit
House construction
House renovation/Home Improvement
Refinancing of existing house loan
Reimbursement of acquisition cost or construction cost
Acquisition with refinancing
Refinancing and equity loan
Equity Loan
Must be residential
May or may not be owner-occupied
Any of the following:
Single detached
Townhouse
Duplex
Condominium units
Vacant lots
Mixed-used
Apartment (up to 4-doors)
Must be free from liens & encumbrances
Located within BDO serviceable areas
Minimum: P500,000.00
Maximum: Based on appraised value of property
Up to 80% of appraised value for house & lot
Up to 80% of appraised value for townhouse
Up to 70% of appraised value for vacant lot
Up to 70% of appraised value for condominium
For Acquisition: One-time release
For Construction: Staggered releases as follows:
First Release - 70% of Appraised value of lot
Second Release - upon 30% completion
Third Release - upon 60% completion
Fourth Release - upon 90% completion
20 years for house & lot, townhouse
15 years for condominium
10 years for vacant lot
The age of the borrower should not exceed 65 years old at loan maturity and the term of loan should not exceed the remaining economic life of the property
We do not collect pre-payment penalties but we charge PhP 2,000 as a processing fee for full payment of loan before maturity
Automatic Debit Arrangement
Post-dated checks
With more than a hundred branches in Metro Manila alone, you're sure to find a BDO branch waiting to serve you wherever you are. Fill out a BDO Home Loan application form and submit it to any BDO branch or BDO On-Site nearest you.
Application Requirements
Filipinos, Filipinos married to foreigners, Foreigners (if collateral is a condominium), or former Filipinos with or without Dual Citizenship, of legal age (not exceeding
65 yrs old upon loan maturity)
Individuals with minimum gross family income of P50,000.00/monthly.
For sole proprietorships or family corporations, the business must be profitably operating for the last two (2) years.
If locally employed
Latest Income Tax return (ITR)
Certificate of Employment with Compensation OR latest full month payslip
If employed abroad
For seamen: latest crew contract and employment history
For nurses, contract workers and immigrants: employment contract or Certification of employment & salary (to be authenticated by the Phil. Consulate upon loan approval)
Proof of monthly remittances OR payslips for the past three (3) months
If self-employed
Income Tax Return (ITR) for the last 2 years
Financial statements for the last 2 years (Audited and In-house, if applicable)
Certificate of Business Registration with DTI or SEC Business Registration & By-Laws, whichever is applicable
Top three (3) major suppliers and customers with contact persons and numbers
Photocopy of the Statement of bank accounts for the last six (6) months OR photocopy of passbook for the past six (6) months
For Rental Income: Copy of TCT/CCT and lease contract from rented/leased properties
Documentary Requirements
Collateral Papers
Copy of TCT / CCT
Lot plan and vicinity map certified by a Geodetic Engineer
Master Deed of Declaration of Restrictions (for condominiums)
For construction/renovation
Building plan or floor plan
Bill of materials
Building specifications (certified by a Civil Engineer)
For refinancing
Statement of account or latest three (3) months official receipts
Others
Marriage contract
Valid ID (primary IDs eg. Driver's License, passport, SSS, etc)
Owner's Collateral Appraisal Authorization
Appraisal fee
Mortgage Redemption Insurance (MRI) - equal to loan amount
Fire Insurance - equal to the appraised value of the improvement
Contractor's All Risk Insurance - for construction loan only (to be converted into Fire Insurance upon project completion)
Master Fire Policy - for condominiums only
All insurances to be endorsed to the Bank.
Original Owner's Duplicate Copy of Title (TCT or CCT) registered under the name of the borrowers
Original Copy of Tax Declaration (for Land & Improvement) registered under the name of the borrowers
Original Copy of Tax Clearance for the Current Year (for Land and Improvement)
Original Copy of Current Year's Real Estate Tax Receipts (for Land and Improvement)
Apply Now!
Click here to view and download the Home Loan application form (for Non-OFWs).
For our Kabayans working abroad, please use the Asenso Kabayan Home Loan application forms by clicking on the following links:
For Brokers:
Click here to view and download the Home Loan Brokers' League application form.
For Mortgage Redemption Insurance, click on the following links:
For inquiries, please call:
Call Center 631-8000
Hot Lines 688-1220, 688-1223, 688-1232
Provincial Business Center Contact Numbers:
| PROVINCIAL BUSINESS CENTERS | UNIT HEAD | CONTACT # |
|---|---|---|
| PAMPANGA | Celia Liwanag | (045) 963-2076; (045) 963-9478 |
| BAGUIO | Enrico Manansala | (074) 442-3052; Fax: (074) 442-1978 |
| BATANGAS | Lorybel Katigbak | (043) 723-0401; (043) 723-5151; (043) 984-1927 |
| DAGUPAN | Elisa Cheng | (075) 522-7424; Telefax: (075)523-3606 |
| SAN PABLO | Christian Buenaseda | (049) 561-1046; (049) 561-1040; (049) 561-1047 |
| BACOLOD | Dennis Piccio | (034) 433-2764; (034) 434-4943 |
| CEBU | Domingo Dela Pena | (032) 231-4318; (032) 232-1500 |
| ILOILO | Jan Acanto | (033) 337-8892; Telefax: (033) 3378883; (033) 335-8194; (033) 338-3449 |
| CAGAYAN DE ORO | Dale Gomez | (088 231-5440; (088) 857-2627 |
| DAVAO | Marivic Chi-Parian | (082) 224-0223; (082) 222-3150; Fax: (082) 221-7920 |
