BDO HOUSING LOAN – Here is a complete guide for the aspiring clients with regards to the Home Loan offer of BDO Unibank.
Have you heard about the Home Loan offer of BDO Unibank? It is one of the offers that have helped countless Filipinos acquire residential properties. The BDO housing loan comes with a wide coverage for application, huge loanable amounts, and flexible loan terms.
BDO Offers Home Loan with Huge Loanable Amount To Achieve your Goal
Guide on BDO Home Loan Offer for Clients
BDO Unibank is offering a Home Loan with a huge loanable amount that aims to help achieve goals related to residential properties.
In the Philippines, banks are among the entities that you can turn to in looking for a firm that can finance your residential property purchase. They are among the entities that often have huge loanable amounts to attend to different purposes.
One of the trusted banks in the country is BDO Unibank or also commonly called Banco de Oro. It is one of the largest banks in the country and caters services to millions of Filipinos across the nation as well as countless overseas Filipino workers (OFWs).
The offers of the trusted banking entity encompass both personal and business offers. It got savings and checking accounts, loans, credit cards, insurance policies, investment products, and remittance services.
Under the personal loan offers of BDO Unibank, one of the loans is the Home Loan which caters to several purposes. You may apply for the loan to finance any of the following:
- purchase of real estate property such as house and lot, vacant lot, condominium unit, townhouse
- house construction
- Home Equity Loan — access for funds for home renovation or personal, medical, or educational needs using the property as the collateral
BDO boasts its loan offer with light payment options as it offers a 60-day grace period which means that the first monthly amortization will be 60 days away from the releasing of the loan proceeds. The loan is payable for up to 20 years.
How much you may borrow under the Home Loan offer? According to the bank, here are the minimum and maximum loanable amounts based on the purpose of the loan application:
| House&Lot/ Townhouse/ Construction | Condo Unit | Vacant Lot | |
| Minimum Loanable Amount | Php 500,000.00 | Php 500,000.00 | Php 300,000.00 |
| Maximum Loan vs Appraised Value of Property | 80% | 70% | 70 |
In the purchase of a house and lot or a townhouse, the bank allows a maximum loan term of 20 years. The same is applied in the case of financing a house construction.
With regards to financing a condo unit acquisition, the repayment can be done for up to 15 years. Under the purpose of a vacant lot acquisition, the loan is payable for up to 10 years.
There are some qualifications that the bank considers in the eligibility for application to the loan offer. The lists may vary depending if you are employed or self-employed.