A minimal one-time processing fee of P1,500 will be deducted from the loan proceeds. Interest Rates: 1.2% per month Minimum loan amount: 20 000 PHP Maximum loan amount: 300 000 PHP Payment terms: Up to 36 months Approval time: within 5-7 banking days One-time processing fee: 1 500 PHP For our seafarer loan, the due date will start 60 days after the loan is booked because the first monthly installment is deducted from the loan proceeds. Watch this video and learn more about BPI Family Savings Bank Housing Loans. It is very simple to contract a BPI Personal Loan. Generally, takes 3 to 4 weeks to be sanctioned. However, housing loans can also be used for refinancing or take-out, the reimbursement of acquisition cost, or as equity loan. Neither is getting approval for the loan. Please take note that once your loan is approved, you will need to be physically present in any nearest BPI branch since signing of loan documents must be done in the presence of a branch officer. 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. You can also take advantage of all-in financing to cover other housing loan expenses such as mortgage registration, insurance premiums, taxes, and others. Apply Now please select from the products below: Auto Loan . Example: A loan amounting to P20,000 with a term of 12 months will pay P22,884, inclusive of interest. BPI Family Housing Loans provide expert housing advice as well as customized loan packages to match your financial capabilities. Some banks, such as BPI and Security Bank, offer housing loan rates comparable to the Pag-IBIG housing loan. Ka-Negosyo Business Loans. How long does it take to process a housing loan? Built-In Insurance Insurance Premiums for 1-year coverage can be paid in 12 equal monthly installments, without interest and billed together with your monthly amortization. Important Aspects of a Housing Loan. Take a good look at your finances and see if you can afford to purchase a home outright or if you need to take out a home loan. Upon approval of your loan, kindly visit the branch to sign the loan documents. BPI offers a special add-on rate of 0.55% and waived processing fees. Our Home Loan Rates. You can enjoy low rates, down payment options as low as 20%, and flexible payment terms — up to 25 years. * Once your outstanding loan balance falls below Php 200,000.00 (for auto loans) and Php 50,000.00 (for housing loans), insurance coverage will no longer be required … Read all about the personal loan application process to understand how long it will take to get approved, as well as tips for speeding up the process. The minimum housing loan amount that can be borrowed is P400,000.The maximum amount, meanwhile, will depend on BPI’s appraisal value of the property that will be subject of the loan. 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