Financing

Partner Banks

Bank of the Philippine Islands

The first private commercial bank in the Philippines and in Southeast Asia.  

As of now, we do not have in-house financing; however we would assist you in your application with BPI housing loan if you ever do need one.  Just prepare the necessary documents and requirements and we would process the whole application for you.

FAQ for BPI Housing Loan application (construction)

• Who are the qualified applicants?

Any individual of legal age but is not more than 65 years old upon maturity of loan, with a minimum gross monthly income of Thirty Thousand Philippine Pesos (PhP 30,000.00)

• What is the minimum loan amount?

Four Hundred Thousand Philippine Pesos (PhP 400,000.00)

• What is the maximum loan amount?

  • 70% of Appraised Value of House and Lot

  • 60% of Appraised Value of Vacant Lot

  • 60% of Appraised Value of Residential Condominium

• What is the maximum term for the loan?

  • 20 years for House and Lot

  • 10 years for Vacant Lot

  • 10 years for Residential Condominium

• What is the interest rate?

Interest rate based on prevailing housing loan rate; rate fixing yearly thereafter based on T-bill (364 days) + 3.5% spread  

For construction other than collateral, initial rate base on prevailing housing loan rate; rate fixing yearly thereafter based on T-bill (364 days) + 4% spread

• What is the repayment mode for the loan?

Equal Monthly Amortization of Principal and Interest.

• What are the payment options?

  • Automatic Debit Arrangement with any BPI or BPI Family Bank Branch

  • Express Phone

  • Express Online

  • ATM

  • Express Bills Payment Machine

• What is the manner of release of the loan?

Staggered release depending on the submitted application and accomplishment report by the contractor.

• For more information please visit this link

                                                               Online Application