Details about the BPI Home Loan Loanable Amounts & Interest Rates Based on Loan Term
BPI HOME LOAN LOANABLE AMOUNTS 2024 – Here is a guide on how much you may borrow and the interest rates that clients must know.
Are you looking for a bank that can help you achieve your dream of having your own house soon? One of the entities that you may turn to is the Bank of the Philippine Islands or more popularly called BPI.
BPI is one of the biggest and most trusted banks in the Philippines for decades now. It has several offers for the public including savings and checking accounts, credit cards, and loans. One of its loan offers is the BPI Home Loan that is open to finance a residential property acquisition.
You may apply for the BPI Home Loan offer to finance the purchase of a house and lot, a vacant lot, a condominium unit, or a townhouse. It is open for individuals who are aged at least 21 at the time of the loan application but not more than 65 years old upon the loan maturity.
The bank has set a minimum household income of Php 40,000 as a requirement in applying for the loan offer. How much is the BPI Home Loan loanable amounts? Here is a guide on the borrowing amounst allowed by the bank under its loan offer:
- Minimum Loanable Amount — Php 400,000
- Maximum Loanable Amount — up to 90% of the value of the property
The BPI Home Loan loanable amounts are payable for up to 20 years. With regards to the interest rates implemented by the Bank of the Philippine Islands, it depends on the fixing period. Here are the rates implemented by the bank:
| Fixing period (years) | Rate |
| 1 | 7.00% |
| 2 | 7.25% |
| 3 | 7.75% |
| 4 | 8.00% |
| 5 | 8.25% |
| 10 | 10.25% |
| 15 | 10.50% |
| 20 | 12.00% |
Are you interested to apply for the loan offer of the Bank of the Philippine Islands? To apply, you must prepare and submit the BPI Home Loan requirements to the bank.