Start building your ideal home with ease, thanks to BPI’s Construction Loan offering competitive rates and tailored payment terms.
What you need to know about this loan:
- Minimum income: Php 40,000 per household to qualify.
- Loan term: Flexible terms from 1 to 20 years.
- Loan amount: Borrow between Php 400,000 and 90% of property value.
- Interest rates: Starting from 7% for a 1-year fixing period.
Pros:
- Affordable terms: Low down payments, starting at just 10% of the property value.
- Flexible repayment options: Choose up to 20 years to pay off your loan.
- Convenient application process: Apply online or at a BPI branch.
- Reliable support: BPI offers guidance throughout your housing loan journey.
- Multi-purpose financing: Use it for construction, demolition, or combined lot purchases.
Cons:
- Income requirement: Minimum household income of Php 40,000 is needed.
- High repricing rates: Rates may rise after the fixed term.
Why Choose BPI for your loan?
Compared to Metrobank, BPI’s Construction Loan offers competitive rates and a lower down payment requirement, perfect for first-time borrowers.
While LandBank focuses on agricultural financing, BPI provides tailored solutions for residential construction projects.
Unlike PNB, which limits flexibility, BPI allows long repayment terms of up to 20 years.
Compared to RCBC, BPI’s accessible online application process saves time and effort for busy clients.
Lastly, Security Bank has higher income thresholds, whereas BPI’s Php 40,000 minimum income requirement is more achievable.
BPI Construction Loan: let’s get to know it a little better
How to apply for your BPI Construction Loan
Kickstart your dream project with an effortless application process. Learn more details and get started today!