PERSONAL

CORPORATE

ABOUT US/ INVESTOR RELATIONS/ CONTACT US CORPORATE GOVERNANCE                                

• Deposits and
  Investments
  • Branch Banking
    • Deposit Products
    • Interest Rates
    • Initial Deposit/Balance Requirement
  • Investment and Advisory Services
    • Government Securities
    • Trust Administration
    • Customized Portfolio
    • Investment Funds
• Loans
  • BDO Personal Loan
    • Personal Loan
    • Asenso Kabayan Personal Loan Secured
    • Asenso Kabayan Personal Loan Unsecured
  • BDO Auto Loan
    • Auto Loan
    • Asenso Kabayan Auto Loan
  • BDO Home Loan
    • Home Loan
    • Asenso Kabayan Home Loan
• Credit Cards
• Financial Services
  • Insurance
    • Non Life Products
    • Life Products
  • Remittance
    • BDO Remit Services
    • Asenso Kabayan Program
    • Value Added Services
    • BDO Remit Status Inquiry
    • BDO Remit Text Messaging Service
    • BDO Remit Network
    • View all
  • Wealth Management
    • Private Bank
    • Investment and Advisory Services
    • Personal Trust
    • Unit Investment Trust Funds
    • Easy Investment Plan
• Promos
• BDO Rewards

email page print page add to favorites

• Competitive Rates

  Budget and project your expenses, knowing your rate and payments will stay the same. You have an option to fix interest rates up to 20 years based on prevailing home loan rate.

  Fixed Rates (as of January 2, 2012):

  7.75% fixed for 1-3 years

  8% fixed for 4-5 years

  10% fixed for 6-10 years

  11.25% fixed for 11-15 years

  11.5% fixed for 16-20 years
  

  Yearly repricing after the fixing period

• Bank Charges

  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

• Fast and Efficient Processing

  Apply now and you get approval of your loan within 10 days

• Use the funds for any of these Loan Purposes

  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

• Security/Collateral

  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

• Loanable Amount

  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

• Mode of Release

  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

• Flexible Payment Terms

  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

• Various Payment Options

  Automatic Debit Arrangement

  Post-dated checks

• Earn Reward Points via BDO Rewards which can be redeemed at any SM Department Store for items of your choice
• Convenient Application Locations

  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

• Eligibility Criteria

  Filipinos, Filipino married to foreigners, Foreigners (if collateral is a condominium), or Filipino citizens with Dual Citizenship, of legal age (not exceeding 65 years 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.

• Pre-Approval Requirements

  Basic Requirements

        Signed application form

        Photocopy of 1valid government-issued ID with photo & signature

        Marriage Contract, if applicable

  Income Documents

          If locally employed

               Latest Income Tax Return OR BIR Form 2316 OR Payslip for at least three (3) months

               Certificate of Employment and Income (COEI)

          If employed abroad

               Latest Crew Contract & Employment History (for seamen)

               Employment Contract duly Authenticated by Phil. Consulate (for nurse & contract workers)

               Proof of remittance or allotment slips or payslips for the past three (3) months

          If self-employed or owns a business

               Photocopy of Audited Financial Statements (AFS) for the last two (2) years with latest ITR with BIR or Bank Stamp

               Single Proprietorship – Certificate of Business Registration with DTI

               Bank statements or photocopy of passbook for the past six (6) months

               Proof of other income, if any

          If with Dual Citizenship

               Philippine Passport or any valid ID showing citizenship

               Proof of income (3 months payslip, Certificate of Employment, 6 months bank statements, latest ITR or its equivalent)

  Collateral Documents

               Copy of TCT / CCT

          For Construction Loan

               Building Plan or Floor Plan

               Bill of Materials and Labor Cost

               Building specifications certified by Architect/Civil Engineer

          Others

               Owner's Collateral Appraisal Authorization

               For refinancing/loan take-out, statement of account and official receipts for the last three (3) months

               Copy of Lease Contracts and Title income from rented/leased properties ( if applicable)

               Appraisal Fee

• Post Approval Requirements

  Original copy of TCT/CCT

  Certified true copy of latest Tax Declaration on land and improvement

  Updated Real Estate Tax Receipt (RETR)

  Original Tax Clearance

  Master Deed of Declaration (for condominium only)

• Insurance Requirements

  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.

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: