BPI Housing Loan for Home Construction

Design a home today and start building tomorrow. Begin the construction of your real estate property without any hassle

Benefits

Affordable

Enjoy low rates, down payment options as low as 10%*, and flexible payment terms of up to 20 years.

*Subject to the property appraisal report of the bank.

Easy to apply

Apply through any of the BPI branches nationwide or through the bank’s network of accredited brokers and developers.

Reliable

Start your new housing loan journey with us and we will guide you in every step of the way

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How to apply for a BPI Housing Loan

Apply in the branch

1. Go to any BPI branch.
2. Completely fill out the application form.
3. Submit the requirements. Your application will be reviewed and processed.
4. If your application is approved, you will receive an SMS notification and will be asked to visit the branch or a Loans Business Center.
5. Sign the loan documents.

Apply online

1. Completely fill out our Housing Loan online application form.
2. Submit the requirements. Your application will be reviewed and processed.
3. If your application is approved, you will receive an SMS notification and will be asked to visit the branch or a Loans Business Center.
4. Sign the loan documents.

List of requirements

Checklist of pre-processing requirements

Collateral documents

• Photocopy of Owner's Duplicate Copy of the Condominium Certificate of Title or Transfer Certificate of Title (as applicable)
• Photocopy of the updated Tax Declaration, Tax Clearance, Tax Receipt
• Signed Authorization Letter for Tax Mapping and Inspection of Property (for properties in secondary market)
• Photocopy of notarized Contract-to-Sell or Offer-to-Sell from registered owner of property (for private sellers)
• Photocopy of notarized Contract-to-Sell / Letter of Endorsement / Official Computation Sheet from developers (for accredited developer tie-up properties)
• Appraisal Fee (for un-accredited projects)
• Non-refundable appraisal fee of Php 5,000 (inclusive of title verification)
• Photocopy of latest Statement of Account with existing mortgagor (for refinancing)
• Complete set of Building Plan, Bill of Materials, Scope of Work/Cost Estimates (for construction loan)

1. For locally employed

• Latest COE
• Latest 3 months pay slip
• Latest ITR
• Authorization letter to verify employment

a. Other Income Docs
• Bank statements of payroll account, with authorization letter to verify

b. Commission-Based
• Certificate of employment stating commissions received prior year/months/period and Commissions Receivable, if any
• Bank statement where commission is credited, with authorization letter to verify

c. Foreigners
• Filipino spouse to act as primary borrower

2. For pensioner

• Certificate of Pension, with authorization letter to verify
• Bank statements of pension account, with authorization letter to verify
• SSN

3. For OFWs

• Latest Contract, with authorization letter to verify
• Proof of bank remittance, with authorization letter to verify
• Details of crewing manager for seafarers
• Attorney-in-Fact / loan administrator (preferably a next of kin); full name, contact details, mailing address and valid government IDs

4. For self-employed

• Valid DTI Registration or Mayor’s Permit
• Latest ITR with audited financial statements
• Working account (6mos) with authorization letter to verify
• Trade references with complete contact information (business name, complete address, contact person, business phone number) * Major suppliers (at least 3) * Major clients (at least 3)
• Authorization letter to conduct trade verification

a. Additional for part owners of a Partnership/Corporation:
• Individual ITR
• Payroll account where claimed salaries are credit, with authorization letter to verify

b. Additional for rental properties:
• Copy of TCTs/CCTs
• Copy of valid and notarized lease contracts Additional for transport business:
• Copy of LTFRB franchise decision of all units
• Copy of OR and CR of all units
• Authorization letter to conduct franchise verification with LTFRB
• Copy of valid ID of franchise owner

5. For practicing professionals

• Working account with authorization letter to verify
• Latest ITR with audited financial statements
• Clinic/office address with complete contact details (as applicable)