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Home Loan

Overview

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
  consecutive
  employment

• Assignment of
  Beneficiary as Loan
  Administrator if not
  in the Philippines at
  the time of
  application.

 

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
  • Latest Income Tax Return or BIR Form 2316
  • Latest three (3) months payslip
  • Certificate of Employment with Income (COEI)
  • Photocopy of Audited Financial Statements for the last two (2) years with latest ITR
  • Bank Statements or Photocopy of Passbook for the last six (6) months
  • Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable)
  • Business Background or Company Profile

Any of the following:

  • Proof of Remittance for the last 3 months
  • Latest Crew Contract, if sea based
  • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips

If with Additional Source of Income from Rental of Property/ies

  • Lease Contract
  • Photocopy of Title

 

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:

Apply Online

BDO Loans Center

• 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.

Interest Rate

New Home Loan Applications

Note: Quoted rate is subject to change without prior notice.

 

Existing Home Loan Borrowers

 

 

  Home Loan Calculator

  Compute for a loan package that suits your budget.

 

 

Application Requirements

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
  consecutive
  employment

• Assignment of
  Beneficiary as Loan
  Administrator if not
  in the Philippines at
  the time of
  application.

 

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:

Apply Online

• BDO Loans Center

• More than 1,000 BDO Branches Nationwide

 

Click here for the printable version of the complete list of requirements.       

 

FAQs

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:

  1. Log in to your BDO Online Banking.
  2. Go to Enrollment Services.
  3. 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

  1. Click here to check your account. 
  2. Fill out the form with your loan account and personal details.
  3. 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.

  1. Click here to update your contact details.
  2. On Update Client Information tab, choose whether you’re an Individual or Corporation.
  3. Complete your loan details and click Submit.

To request for a copy of your loan documents, amortization schedule or full payment computation.

  1. Click here to request for documents 
  2. On Document Request tab, check needed document and click Request Online.
  3. 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. 

Videos

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 Finder

 

 

 

BDO Home Deals

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.

Loans After-Sales Portal

Promo

 

Click here for more details.