Features of the BDO Home Loan Offer & the Application Process
BDO HOME LOAN – You can turn your dream house into a reality now through the excellent loan offer of BDO Unibank.
One of the banks that offer a loan that can finance the purchase of residential properties and house construction and improvement purposes is BDO Unibank. It is one of the giant banking entities in the country with several offers ranging from deposit account, credit cards, investment products, loans, to insurance policies.
The loan offers of the bank includes the BDO Home Loan. It is open to finance several purposes such as the following:
- purchase of real-estate property
- construction of a new house
- home equity loan
The BDO Home Loan offer boasts with affordable cash-out, light payment options, and flexible loan terms. The loan is payable for up to 20 years depending on the loan purpose and the first payment is set after 60 days since the release of the loan.
How much you may borrow under the loan offer? Under the loan, there are varying loanable amounts based on the purpose of application or the property involved. Here’s a guide on the borrowing amounts set by the bank:
House & Lot / Townhouse Acquisition / House Construction
- Minimum Loanable Amount — Php 500,000
- Maximum Loanable Amount — up to 80% of the appraised value of the property
- Maximum Loan Term — 20 years
Condo Unit Acquisition
- Minimum Loanable Amount — Php 500,000
- Maximum Loanable Amount — up to 70% of the appraised value of the property
- Maximum Loan Term — 15 years
Vacant Lot Acquisition
- Minimum Loanable Amount — Php 300,000
- Maximum Loanable Amount — up to 70% of the appraised value of the property
- Maximum Loan Term — 10 years
With regards to the interest rates under the loan offer, it depends on the fixing period as well as whether or not the client is new to BDO or an existing BDO client. Here’s a guide on the interest rates:
| Fixing Period | New to BDO | Existing BDO Clients |
| 1 year | 7.00% p.a. | 6.75% p.a. |
| 2 years | 7.25% p.a. | 7.00% p.a. |
| 3 years | 7.75% p.a. | 7.50% p.a. |
| 4 years | 8.00% p.a. | 7.75% p.a. |
| 5 years | 8.25% p.a. | 8.00% p.a. |
Aside from the Pag-IBIG Fund and BDO Unibank, another reputable entity with a home loan offer is the Bank of the Philippine Islands. More popularly called BPI, its offer is equipped with excellent features.
