Details on How To Apply for BDO Home Loan 2023 For New, Existing Clients
Here’s a guide on how to apply for the BDO Home Loan 2023 offer for new and existing clients of BDO Unibank.
Are you planning to apply for the Home Loan offer of BDO Unibank? Among the countless home loan offers in the Philippines, it is one of the most popular which has helped a lot of Filipino families achieve their dream home.
BDO Unibank’s Home Loan offers affordable cash-out for clients as fees can be part of the all-in financing under the offer. It can finance whether it is an acquisition of a residential property (house and lot, vacant lot, townhouse, condominium unit), a house construction, or a home renovation.
In fact, you may also apply for the loan to use the value of your residential property to obtain cash. The loan is payable for up to 20 years thus there is really an option for light monthly installments.
On how to apply for the BDO Home Loan 2023 offer, you can do it over-the-counter at a branch of BDO Unibank nearest to you or online. Currently, the bank offers a Waived Fee Promo that can waive up to Php 25,000 loan-related fees when you apply for the loan online. The offer is up until December 31, 2023.
On how to apply for the BDO Home Loan 2023 offer online, simply visit the official webiste of BDO Unibank to start your application. If you wish to do it over-the-counter, simply prepare the documentary requirements and submit them to a branch of the bank nearest to your residence or workplace.
Upon the application, there is an appraisal fee that is charged by the bank. It depends on the location of your target property:
- If collateral is within 30km radius from any BDO branch – ₱5,000
- If collateral is outside 30km radius from any BDO branch – ₱5,500
For the purpose of house construction or renovation, the Inspection Fee is at ₱1,500 per inspection. Prepare for the Contractor’s All-Risk Insurance (CARI) as well.
It best to be aware about the BDO Home Loan interest rate prior to applying for the loan offer as it depends on the chosen loan term. Also, there are bank fees that you must be aware of as they are charged after the loan approval.