BDO Unibank Home Loan is an opportunity to borrow for a house, condominium, vacant lot, or construction and renovation. The minimum loan amount is Php 500,000, with loan terms from 1 to 20 years. You may borrow up to 80% of appraised property value. Use attractive options such as a 60-day grace period or paying your monthly loan amortization, loan fees, and expenses in monthly installments.

Types of BDO Unibank Home Loans

With BPO Unibank, you may borrow money for:

• Purchase of House and Lot, Condominium, or Townhouse
• Purchase of Vacant Lot
• House Construction or Renovation
• Reimbursement of Acquisition Cost
• Refinancing / Loan Take-out

You may also use options such as

• All-In Financing allows you to make your loan payments and pay loan-associated costs together every month within the term of a loan.
• Built-in Insurance is designed to repay your annual insurance premiums in 12 equal loan monthly installments without interest.
• Light Payment Options: a grace period of 60 days (interest accrues) or interest-only payments for the first six months.

You may choose a 1 — 5 year fixing period for an interest rate that lets you control your monthly payments in the long run. After the initial fixing period, the interest rate is repriced every year. Interest rates vary from 6.50% to 8%, with lower rates for existing BDO customers.

The BDO promo offer allows you to get lower fixed interest rates and BDO Rewards Bonus Points of up to 1,000 points.

How to apply for a BDO Unibank Home Loan?

You may apply for BDO Home Loan online or at any BDO Branch or BDO Loans Center.

To apply online:

1. Prepare ID, income, and collateral documents.
2. Then, visit BDO Unibank's official website and click the «Apply now» button on the Home loan page.
3. Fill out the borrower's information: name, date of birth, civil status, citizenship, mobile number, address, and email address.
4. Input loan information: loan amount, term, and purpose.
5. Select the borrower's employment or business information: employment type (employed, self-employed business or professional, immigrant, others).
6. Enter your declared monthly income.
7. Review and apply.

You may get approval within five-ten working days after the application submission.

Requirements

To be eligible for BDO Unibank Home Loan, you should:

• Be at least 21 years old, not over 70 years old at the end of the loan term
• Be a Philippine citizen or Foreign Nationals
• Have a minimum gross income of Php 50,000/month or its equivalent
• Have a stable source of income from employment or business
• (Locally Employed) Be employed over two years with current company,

(Self-Employed) Have at least two consecutive profitable years of operation,

(Employed Abroad) Have 2 to 3 years consecutive employment, provide Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application.

• Provide the filled-out application form
• Provide one valid ID (for example, Driver’s License, Passport, Tax Identification Number (TIN) ID, Social Security System (SSS) ID, Government Service, and Insurance (GSIS) eCard). For Foreigners: Alien Certificate of Registration with Work Permit
• Add a Marriage Contract, if applicable
• Provide Income Documents (different for locally/ internationally employed, self-employed): Certificate of Employment with Salary, Certificate of Business Registration from SEC, Proof of Remittance, Photocopy of Audited Financial Statements, etc.
• Add Collateral Documents: Photocopy of Title, Lot Plan with Vicinity Map, Photocopy of Tax Declaration, and other documents depending on the developer and type of your loan.

Pros and cons

Pros

• Different loan purposes to choose
• Interest rate fixing period
• Online application
• Flexible payment options
• Insurance premiums or loan-associated costs could be included in monthly payments
• Grace period or interest only payments options
• Attractive promo offer

Cons

• The promo period is limited
• Strict requirements to qualify
• Application approval may take ten days

How to make a payment?

Your monthly loan payments are debited from your enrolled BDO Account via Automatic Debit Arrangement (ADA).

You may also pay via Remittance to BDO Account via Fund Transfer through SWIFT Code. Visit BDO's Correspondent Bank or BDO Remit Office.