Home Loan
You are inquiring about Home Loan
WHAT WE OFFER
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
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.
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 |
Fast Processing Time
Get loan approval in as fast as five (5) working days upon submission of complete application documents.
Reward Points via BDO Rewards
Earn BDO Rewards points which can be redeemed at any SM Department Store for items of your choice.
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HOW TO APPLY
• 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. |
• 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 |
• 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: |
If with Additional Source of Income from Rental of Property/ies • Lease Contract |
• 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
Submit through any of the following channels:
• BDO Home Loan Provincial Business Centers
• More than 1,000 BDO Branches Nationwide
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