Details about the BDO Home Loan Interest Rate based on Loan Term
Here is a list of the BDO Home Loan interest rate for new and existing clients of the bank depending on the loan term.
BDO Unibank is one of the home loan offers that attend to several residential property-related purposes. It can help you get your target house and lot or purchase that vacant lot where you can build your dream house.
Under the loan offer, there is really an option for light monthly installments as the loan term can be extended to up to 20 years for both new and existing clients of BDO Unibank. With regards to the BDO Home Loan interest rate per annum, it depends if you are a new client of the bank.
| Fixing Period | New to BDO |
| 1 year | 7.00% p.a. |
| 2 years | 7.25% p.a. |
| 3 years | 7.75% p.a. |
| 4 years | 8.00% p.a. |
| 5 years | 8.25% p.a. |
Undeniably, the BDO Home Loan interest rate is much lower for existing clients of the bank. Here are the rates based on the chosen fixing period:
| Fixing Period | Existing BDO Clients |
| 1 year | 6.75% p.a. |
| 2 years | 7.00% p.a. |
| 3 years | 7.50% p.a. |
| 4 years | 7.75% p.a. |
| 5 years | 8.00% p.a. |
The first payment starts 60 days after the release of the loan. This gives clients a 60-day grace period with an interest-only payment for the first six (6) months.
There are some bank fees after the approval of the loan. Here are the charges that clients must be aware of:
- Handling fee – ₱3,000
- Notarial fee – ₱200 per document
- Registration fee – Variable
- Doc Stamp Tax
- ₱1.50 for every ₱200 of the loan amount –
- Credit Life Insurance (CLI) Premium
- ₱4.75 for every ₱1,000 of the loan amount (assuming standard rate for borrowers up to 49 years old)
- ₱6.50 for every ₱1,000 of the loan amount (assuming standard rate for borrowers ages 50 to 69 years old)
- Fire Insurance (FI) Premium