Whether you’re a Filipino citizen or a foreign national, you can apply for a loan, provided that you submit the required documents and duly accomplished forms.įoreign nationals working or residing in the Philippines can take a look at the qualified visa types here. Who can apply for a BDO Home Loan?Īs a borrower, you must be at least 21 years old but not exceeding 70 years old at the end of the home loan term. It’s best to visit your nearest BDO branch for an actual computation and get the prevailing rates from the loan officer. This way, you can assess if the monthly payments will be within your budget.ĭo note that these are indicative figures. What’s interesting about the BDO Home Loan Calculator is that it also shows the required monthly income of the borrower. The monthly amortization will be approximately P53,517. Let’s say you’re planning to buy a condo for P7,000,000 with a 5-year fixing period and a loan term of 15 years. Image screenshot from BDO as of 27 February 2020
These are just for illustration purposes as you also need to consider miscellaneous fees (appraisal fees, documentary stamp tax, etc.) and cash-out payments, which include a Built-in Insurance fee. Once you’re in the Home Loan Calculator page, fill in the property selling price and your desired interest rate, and it will automatically generate sample computations. Keep in mind that the interest rates below are as of the date indicated only. You can choose a longer fixing period to help you manage your monthly payments. You can always refer to the BDO Home Loan calculator to get an idea of the monthly amortization and interest rates. the appraised value of propertyīDO Home Loan’s minimum loanable amount is P300,000 if you’re planning to purchase a vacant lot.įor property acquisitions, such as house and lot, townhouse, condo unit, or for construction purposes, you can borrow for a minimum of P500,000. How much can you borrow with your BDO home loan? Purchase of House and Lot / Townhouse Unit.You can choose from any of the following: Here are the things you need to know about the various home loan options of BDO. If you’re on the lookout for flexible payment terms, you may want to explore the rates of the BDO Home Loan. Are you planning to buy that dream home? Make sure you compare interest rates before moving forward.
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