Home Loan
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WHAT WE OFFER
Various Home Loan Options
BDO offers financing assistance for the following loan purpose:
- Purchase of House and Lot / Townhouse Unit
- Purchase of Condominium Unit
- Purchase of Vacant Lot
- Construction of House
- House Renovation / Home Improvement
- Reimbursement of Acquisition Cost
- Refinancing / Loan Take-out
Affordable Cash Out
All-in Financing
Spread out payments of your mortgage fees and
loan-related charges up to the term of your Home
Loan.
Built-In Insurance
Insurance Premiums for 1-year coverage can be paid
in 12 equal monthly installments, without interest and
billed together with your monthly amortization. Your
insurance coverage will automatically renew annually
for the entire term of your loan.
Light Payment Options
Choose from the following options:
• 60-day Grace Period
First payment to start sixty (60) days after the release
of your loan, subject to applicable interest.
• Interest Only for the first six (6) months
Principal and interest payments to start right after.
More
Flexible Loan Terms
| House & Lot/ Townhouse/ Construction | Condo Unit | Vacant Lot | |
| Min. Loan Amount | P500,000 | P300,000 | |
|
Max. Loan vs. Appraised Value of Property |
80% | 70% | 70% |
| Max. Loan Term | 20 years | 15 years | 10 years |
Low Interest Rates
Enjoy low rates with options for longer fixing period to help you manage your monthly payments.
Fast Processing Time
Get loan approval within five (5) working days for Metro Manila and ten (10) working days for provincial areas upon submission of complete application documents.
HOW TO APPLY
Step 1: Check Your Qualifications
- At least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino Citizens or Foreign Nationals
- Minimum gross income of P50,000/month or its equivalent in US Dollars
- With stable source of income from employment or business
| Locally Employed | Self-Employed | Employed Abroad |
|
At least 2 years with current company |
At least 2 consecutive profitable years of operation |
• 2 to 3 years • Assignment of |
Step 2: Prepare The Requirements
• Basic Documents
- Completely filled-out application form
-
Photocopy of one (1) valid ID matching application details
Acceptable IDs: Passport, Driver’s License, SSS, PRC,
OWWA ID, OFW ID, Seaman’s Book - Marriage contract, if applicable
• Income Documents
| Locally Employed | Self-Employed | Employed Abroad |
|
|
Any of the following:
|
|
If with Additional Source of Income from Rental of Property/ies
|
||
• List of acceptable Visas for Foreign Nationals
(for submission, whichever is applicable). Click here.
• Collateral Documents
• Photocopy of Title
• Lot Plan with Vicinity Map
• Photocopy of Tax Declaration
Additional Documents
For Construction Loan*
• Building / Floor Plan of proposed improvement
• Bill of materials
• Building Specification of proposed finishes
*All documents must be certified by an Architect or Civil Engineer
For Refinancing / Loan Take Out
• Statement of Account from current bank and official
receipts for the last three (3) months
Step 3: Submit Application Form and Requirements
Submit through any of the following channels:
• More than 1,000 BDO Branches Nationwide
TOOLS TO HELP YOU
Home Loan Calculators
Compute for a loan package that suits your budget
Home Loan Steps & Tips
Let BDO Home Loan guide you with your home-buying decisions.
New Home Loan Applications
Note: Quoted rate is subject to change without prior notice.
Existing Home Loan Borrowers
Home Loan Calculator
Step 1: Check Your Qualifications
• At least 21 years old but not exceeding 70 years old at the end of
the loan term
• Filipino Citizens or Foreign Nationals
• Minimum gross income of P50,000/month or its equivalent in
US Dollars
• With stable source of income from employment or business
| Locally Employed | Self-Employed | Employed Abroad |
|
At least 2 years with current company |
At least 2 consecutive profitable years of operation |
• 2 to 3 years • Assignment of |
Step 2: Prepare The Requirements
• Basic Documents
• Completely filled-out application form
• Photocopy of one (1) valid ID matching application details
Acceptable IDs: Passport, Driver’s License, SSS, PRC,
OWWA ID, OFW ID, Seaman’s Book
• Marriage contract, if applicable
• Income Documents
• List of acceptable Visas for Foreign Nationals
(for submission, whichever is applicable). Click here.
• Collateral Documents
• Photocopy of Title
• Lot Plan with Vicinity Map
• Photocopy of Tax Declaration
Additional Documents
For Construction Loan*
• Building / Floor Plan of proposed improvement
• Bill of materials
• Building Specification of proposed finishes
*All documents must be certified by an Architect or Civil Engineer
For Refinancing / Loan Take Out
• Statement of Account from current bank and official
receipts for the last three (3) months
Step 3: Submit Application Form and Requirements
Submit through any of the following channels:
• More than 1,000 BDO Branches Nationwide
Click here for the printable version of the complete list of requirements.
APPLYING FOR A HOME LOAN
MY SALARY IS BELOW P50,000 PER MONTH. AM I STILL QUALIFIED FOR A BDO HOME LOAN?
Combined gross family income is considered for Home Loan.
• If married , you can add up your spouse's income
• If single, you may apply with a co-borrower who will have a
joint obligation in paying the loan.
• If you receive commissions as additional income, you can
have this considered as part of your salary.
WHAT ARE THE FEES THAT I NEED TO PREPARE FOR?
| UPON APPLICATION | |
| Appraisal Fee |
Php5,000 If collateral is within 30km radius from any BDO Branch |
|
Php5,500 If collateral is outside 30km radius from any BDO Branch |
|
| AFTER APPROVAL | |
| Handling Fee | Php3,000 |
| Notarial Fee | Php200 per document |
| Registration Fee | Variable |
| Doc Stamp Tax | Php1.50 for every Php200 of the loan amount |
| Credit Life Insurance (CLI) Premium |
Php4.75 for every Php1,000 of the loan amount (assuming standard rate for borrowers up to 49 years old)
Php6.50 for every Php1,000 of the loan amount (assuming standard rate for borrowers ages 50 to 69 years old) |
| Fire Insurance (FI) Premium | Based on the appraised value of the improvement submitted, excluding parking lot for condo or land for residential property |
| For CONSTRUCTION OR RENOVATION LOAN | |
| Inspection Fee | Php1,500 per inspection |
| Contractor's All-Risk Insurance (CARI) | Based on the amount of building materials and occupancy |
MAINTAINING MY HOME LOAN
HOW CAN I PAY MY MONTHLY AMORTIZATION?
Monthly loan payments are deducted from your enrolled BDO Account via Automatic Debit Arrangement (ADA). You may refer to your Amortization Schedule for your monthly payment and loan details
For OFWs/Immigrants, the following payment options are available:
Via Remittance to BDO Account
• Visit any BDO Remit Office or accredited remittance
partner abroad.
• Fill out form to credit funds to your BDO Account assigned
under ADA
Via Fund Transfer thru SWIFT Code
• Visit any of BDO's Correspondent Bank abroad.
• Fill out form:
If Credited to BDO Deposit Account
• Beneficiary Bank (use SWIFT Code BNORPHMM)
• Beneficiary Name (should be the account name of
the client)
• Beneficiary's BDO Deposit Account Number
• Amount of Payment
• Purpose of Remittance, specify PAYMENT
FOR HOME LOAN
If Direct Payment via PN No.
• Beneficiary Bank (use SWIFT Code BNORPHMM)
• Beneficiary Name (should be the name of the client)
• Promissory Note Number (PN No.)
• Amount of Payment
• Purpose of Remittance, specify PAYMENT
FOR HOME LOAN
WHY DO I NEED INSURANCES FOR MY HOME LOAN? HOW DO I PAY FOR THEM?
Insurances protect you, your family and property in case of untoward incident/s that can happen during the term of your Home Loan.
Credit Life Insurance (CLI) – covers your outstanding loan balance, in case of total disability or untimely death.
Fire Insurance (FI) – covers loss or damage to your property caused by fire, calamity, catastrophe, etc.
Contractor’s All Risk Insurance – applicable to Construction or Renovation Loan, covers for the damages associated with the construction of your property. This is converted to Fire Insurance upon completion of construction.
With the Built-In Insurance Facility, BDO offers payment of CLI and FI annual premiums in 12 equal monthly installment at 0% interest and billed together with your monthly amortization.
HOW DO I ACCESS MY ACCOUNT ONLINE?
BDO Online Banking
To access BDO Online Banking, you should have a BDO Deposit Account or Credit Card.
If you are not yet signed up for BDO Online Banking, click here.
To set up your Home Loan Account:
- Log in to your BDO Online Banking.
- Go to Enrollment Services.
- Add your Home Loan Account.
Once your account is set-up, you may view your Account and Transaction Details, such as Account Number, Interest Rate, Monthly Amortization, Outstanding Balance, etc.
BDO Loans Quick Inquiry
- Click here to check your account.
- Fill out the form with your loan account and personal details.
- You will receive a One-Time Password (OTP) through your registered mobile number to complete your log in.
IS PARTIAL PAYMENT TO THE LOAN PRINCIPAL BALANCE ALLOWED?
Partial payment refers to the advance payment applied to the outstanding loan principal balance.
There is no charge if you decide to partially pay your Home Loan. However, partial payment is suggested to be made on the anniversary due date of your loan. Note that the partial payment must be made on due date in addition to your monthly amortization.
Click here for the request for partial payment.
OTHER HOME LOAN-RELATED CONCERNS
HOW WILL I GET A COPY OF MY BDO HOME LOAN DOCUMENTS?
Please ensure to keep your contact information updated.
- Click here to update your contact details.
- On Update Client Information tab, choose whether you’re an Individual or Corporation.
- Complete your loan details and click Submit.
To request for a copy of your loan documents, amortization schedule or full payment computation.
- Click here to request for documents
- On Document Request tab, check needed document and click Request Online.
- Complete your loan details and click Submit
IS THERE A PENALTY IF I PRE-TERMINATE MY HOME LOAN
Pre-termination refers to paying the loan in full before your loan maturity date.
There is no pre-termination fee if you decide to fully pay your Home Loan. However, there is a one-time Processing Fee of Php3,500.
Click here to request for Statement of Account for the computation of full payment.
HOW WILL I BE ADVISED ON THE AVAILABILITY OF MY TITLE?
Once your loan has been fully paid and cleared by the Bank, you will be notified via SMS/email of the availability of your collateral documents, which includes the title.
To claim collateral document/s, click here to set an appointment.
Guiding and helping you make homeownership easy.
FEATURED VIDEOS
Various Home Loan Purposes
You can opt to buy a new home, a vacant lot or construct a house with BDO Home Loan.
Home Loan Calculator
An easy way to check your loan options.
WATCH MORE VIDEOS HERE
Family Home
Build your family a home while working abroad.
Real Life Goals
You're never too young to have your own place.
Home Loan Tips
Practical steps to owning your new home.
Home Loan Calculator
Planning to own a new home? Use our calculator to estimate how much you may borrow.
Your new home is just a few clicks away. Browse from the list
of properties and know how BDO can help you finance your
purchase.
List of Real Estate Properties for Sale
Get your new home from the list of BDO's foreclosed properties.
To know more about a property you’re interested in, you may
get in touch with BDO Asset Management Group at
(02) 702-7088 / (02) 702-6000.
