Show Details Close
Home Loan Details
Purchase price
Down payment
Loan amount
Loan Term Year(s) / months
Interest rate
( Fixed For 1 Year )
Monthly payment

Frequently asked Questions

What are the requirements to be eligible for a housing loan?

Eligibility requirements vary from bank to bank. Most of the banks require the following:

  • - Applicants to be of Filipino citizens of a certain age
  • - Continuous employment
  • - Adequate funds for downpayment
  • - Steady income for monthly loan payments.

Overseas and former Filipino citizens are also eligible. Foreigners are restricted to buying condominiums.

Back to top

Where can I apply for a housing loan?

Homebuyers can apply for a housing loan at bank branches or online at the bank's website. Some of the banks that offer housing loans are:

  • - BDO
  • - Metrobank
  • - RCBC Savings Bank
  • - BPI

Back to top

How can I apply for a housing loan?

Housing loan applications can be submitted online at the bank’s website or via printed forms to be submitted at bank branches.

Back to top

Can a foreigner apply for a housing loan in the Philippines?

Foreigners can apply for a housing loan in the Philippines. However, they are only eligible to purchase condominiums so long as foreign ownership in a single development does not exceed 40 percent.

Back to top

Can I apply for a joint housing loan with my spouse?

Married couples can apply for joint housing loans in the Philippines. In that case, a marriage certificate will be required as a part of the application.

Back to top

How long does it take to process a housing loan?

In the Philippines, a housing loan can be approved in as few as five to 15 days or as many as 90, depending on immediate needs. Approvals are usually valid for up to six months.

Back to top

How much can I borrow?

The amount that homebuyers can borrow varies from bank to bank. Loan amounts typically depend on the borrower’s monthly income and/or the value of the property. Usually they are anywhere from 50 to 80 percent of the property’s value.

Back to top

What are the different interest rates for a housing loan in the Philippines?

Interest rates for housing loans in the Philippines vary from bank to bank and depend on:-

  • - Bank type
  • - Length of the loan (or tenor)
  • - The type of the loan

That said, interest rates can range from approximately 6 to 15 percent.

Back to top

What is the procedure for loan repayments?

Although the procedure for loan repayments varies from bank to bank, payments are due on the first of the month. Typically, there is a 15-day grace period after which, the payment is considered late.

Back to top

What are my loan payment options?

Loan payments can be made by:-

  • - Check
  • - Direct debit (recurring or one-time)
  • - Online banking
  • - Mobile banking
  • - Bank transfer
  • These options can vary from bank to bank.

Back to top