Here is the list of the local banking and lending institutions that offer mortgage loans (in alphabetical order).
- Allied Bank Build & Save Housing Loan
- Banco de Oro (BDO) Home Loan
- BPI Family Housing Loan
- BPI Direct Savings Bank Housing Loan
- Chinabank HomePlus
- CTBC Bank Housing Loan with Fixed Rate
- CTBC bank Housing Loan with Cashback
- EastWest Bank Home Loan
- Equicom Housing Loan
- HSBC Home Loan
- Landbank Easy Home Loan Program
- Maybank MaxiHome
- Metrobank Home Loan
- PBCOM Home Loan
- Philippine National Bank (PNB) Sure Home
- Philippine Veterans Bank Home Loans
- PSBank Home Loan with Prime Rebate
- RCBC Savings Bank MyHOME Housing Loan
- Security Bank
- UCPB Home Loan
- UnionBank Housing Loan
Bonus: Pag-IBIG
-House and lot/lot only purchase
-Condominium purchase
-House construction
-House renovation
Lowest interest rate: 6% (1 yr.)
Highest interest rate: 11% (20 yrs.)
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 70 to 80% of the property’s appraised value
Approval time: ---
Appraisal fee: ₱3,500 (nonrefundable)
Unique features:
-No lock-in period
-Enrolling the account to Automatic Debit Arrangement (ADA) for easier loan payment or paying through post-dated checks
Eligibility:
-Filipino citizen
-25 years old upon loan application, but not exceeding 65 years when the home loan matures
-Employed for 3 years or more OR
-Self-employed
Minimum document requirements:
-Signed Consumer Credit Application form
-Photocopy of 2 valid IDs
-ID picture
-Community tax certificate OR
-TIN
-Recent ITR
-COE indicating position, salary and tenure
-Pay slips (last 3 months)
Allied Bank Build & Save Housing Loan
Banco de Oro (BDO) Home Loan
-House and lot/lot only purchase
-Condominium purchase
-House construction
-House renovation
Lowest interest rate: 7.75% (1-3 yrs.)
Highest interest rate: 11.5% (16-20 yrs.)
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 80% of the property’s appraised value
Approval time:
-5 working days for Metro Manila applicants
-10 working days for non-Metro Manila applicants
Appraisal fee:
-₱3,500 for Metro Manila applicants
-₱4,000 for applicants outside Metro Manila (nonrefundable)
Unique features:
-No lock-in period
-Choosing to make the first payment 60 days from the release of the loan
-Earning BDO rewards points redeemable at SM department stores
Eligibility:
-Filipino citizen
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Minimum gross household income of ₱50,000/ per month
-Employed for 2 years or more with the current company OR
-Self-employed with at least 3 years profitable business operation
Minimum document requirements:
-Signed BDO Home Loan Application form (https://www.bdo.com.ph/sites/default/files/pdf/Home%20Loan%20App%20Form%20Rev112012%20front%20&%20back.pdf)
-Photocopy of 1 valid government-issued photo and signature-bearing ID
-Recent ITR
-COE indicating salary breakdown
-Pay slips (last 3 months)
BPI Family Housing Loan
-House and lot/lot only purchase
-Townhouse purchase
-Residential condominium purchase
-House construction
-House improvement
Lowest interest rate: 5.5% (1 yr.)
Highest interest rate: 11% (16-20 yrs.)
Minimum loanable amount: ₱400,000
Maximum loanable amount:
-up to 70% of the appraised value of house and lot
-up to 60% of the appraised value of residential condominium or vacant lot
-up to 80% of the appraised value of house and lot, but not exceeding ₱5,000,000
Approval time: 5 banking days
Appraisal fee: ₱3,000 (nonrefundable)
Unique features:
-Enrolling the account to ADA for easier loan payment
-Getting higher loan amounts when the house is bought from any accredited developer
-Customize-a-loan offers
-One month no payment, no penalty scheme
-FREE BPI Express Credit Gold Mastercard for complete loan documents
Eligibility:
-Filipino citizen
-Of legal age, but not exceeding 65 years when the home loan matures
-Minimum gross monthly household income of ₱40,000
Minimum document requirements:
-Signed BPI Family Housing Loan Application form (http://www.bpihousingloans.com/pages?page=application-form)
-Photocopy of 2 valid IDs
-Recent ITR (last 2 years)
-COE indicating position, salary and length of service
BPI Direct Savings Bank Housing Loan
-House and lot/lot only purchase
-House improvement
Lowest interest rate: 5.5%
Highest interest rate: ---
Minimum loanable amount: ₱400,000
Maximum loanable amount: up to 80% of the property’s appraised value or an accredited project’s net selling price
Approval time:
-24 hours for Metro Manila applications
-72 hours for non-Metro Manila applicants
Appraisal fee: Nonrefundable plus additional expenses for non-accredited projects provincial properties
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment
-Better interest rates for properties from its accredited contractors
Eligibility:
-Employed for 2 years or more with the current company OR
-Self-employed with at least 2 years profitable business operation
-Minimum gross monthly household income of ₱50,000
Minimum document requirements:
-Signed Home Loan Application form (https://info.bpiexpressonline.com/e-+mail.nsf/HousingLoanApplicationFormDirect+-+linnet?OpenForm)
-Recent ITR
-COE and compensation
Chinabank HomePlus
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Home construction
-Home improvement
-Refinancing
-Reimbursement
Lowest interest rate: 6.5%
Highest interest rate: ---
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 80% of the property’s appraised value
Approval time: 7-10 working days
Appraisal fee: ₱3,500 (nonrefundable)
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment
-Getting low insurance premiums for the home through CBC Insurance Brokers Inc.
Eligibility:
-Employed or self-employed
Minimum document requirements:
-Signed Loan Application form (http://www.chinabank.ph/pdf/Homeplus_Application_Individual.pdf)
-At least 2 valid IDs
-2x2 picture
-Community tax certificate
-Bio-data or resume
-COE indicating compensation and length of service
-Recent ITR
CTBC Bank Housing Loan with Fixed Rate
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Home construction
-Home improvement
-Refinancing
-Reimbursement
Lowest interest rate: 6.5%
Highest interest rate: ---
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 80% of the property’s appraised value
Approval time: 7-10 working days
Appraisal fee: ₱3,500 (nonrefundable)
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment
-Getting low insurance premiums for the home through CBC Insurance Brokers Inc.
Eligibility:
-Employed or self-employed
Minimum document requirements:
-Signed Loan Application form (http://www.chinabank.ph/pdf/Homeplus_Application_Individual.pdf)
-At least 2 valid IDs
-2x2 picture
-Community tax certificate
-Bio-data or resume
-COE indicating compensation and length of service
-Recent ITR
CTBC Bank Housing Loan with Cashback
-House and lot/lot only or lot with construction purchase
-Townhouse purchase
-Condominium purchase
-Home construction
-Home renovation
-Refinancing
Lowest interest rate: 6.75%
Highest interest rate: ---
Minimum loanable amount: ₱500,000
Maximum loanable amount: ₱25,000,000
Approval time: 7 banking days
Appraisal fee: Nonrefundable
Unique features:
-Paying principal and interest monthly amortizations equally
-Paying less interest when the loan is linked to the bank account
-Secured by the real estate property
-Rebate capped at 40% of the loan balance
Eligibility:
-Filipino citizen
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Permanently employed with at least 3 years of continued employment OR
-Practicing professionals for 3 years or more OR
-Self-employed with at least 3 years profitable business operation
-Minimum gross monthly household income of ₱50,000
-Residence landline or mobile number
Minimum document requirements:
-Signed Housing Loan Application form (http://www.ctbcbank.com.ph/pdf/_AppForm-Housing_Loan.pdf)
-Photocopy of 2 valid IDs
-Photocopy of COE
-Photocopy of pay slips (2 months)
-Photocopy of recent ITR
EastWest Bank Home Loan
-House and lot purchase (Home ACQUIRE)
-Lot purchase (Lot ACQUIRE)
-Condominium purchase (Condo ACQUIRE)
-Home construction (Home CONSTRUCT)
-Home improvement (Home IMPROVE and Home PLUS)
Lowest interest rate: 5.5% (for the 1st yr. for 30 yrs.)
Highest interest rate: 6.75%
Minimum loanable amount: ₱500,000
Maximum loanable amount: ---
Approval time: 15 working days
Appraisal fee:
-₱3,000 for Metro Manila applicants
-₱5,000 for provincial area applicants
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment
-Payable for up to 30 years
Eligibility:
-Filipino citizen
-Of legal age
-Employed or self-employed
Minimum document requirements:
-Signed Home Loan Application form
-Photocopy of photo-bearing government IDs
-Recent ITR
-COE with compensation OR 1 month pay slip
-3-yr financial statements for self-employed
Equicom Housing Loan
-House and lot/lot acquisition
-Townhouse acquisition
-Condominium acquisition
-House construction
-Renovation
-Refinancing
-Acquisition cost reimbursement
Lowest interest rate: 9%
Highest interest rate: ---
Minimum loanable amount: ₱300,000
Maximum loanable amount: up to 60% of the property’s appraised value
Approval time: 5-10 working days
Appraisal fee: Not required
Unique features:
-Enrolling the account to ADA for easier loan payment or paying through OTC or post-dated checks
Eligibility:
-Filipino citizen
-Employed or self-employed
Minimum document requirements:
-Signed Home Loan Application form
HSBC Home Loan
-House purchase
-Construction
-Refinancing
-Home equity
Lowest interest rate: 5.5% (1 yr. re-pricing)
Highest interest rate: 7.75% (for the first 5 yrs.)
Minimum loanable amount: ₱700,000
Maximum loanable amount: ₱50,000,000
Approval time: 7 working days
Appraisal fee: ₱3,500 (nonrefundable)
Unique features:
-Exclusive benefits for loans with a minimum loan amount of ₱6,000,000 such as 1% home loan preferential re-pricing discount
-Opting for straight line or
-Reducing balance when calculating amortization
-Repaying in different currencies matching the earning capacity of the borrower
-Dedicated home loan specialists
Eligibility:
-Filipino citizen
-21 years old upon loan application
-Minimum gross monthly income of ₱50,000
-Has high credit score (preferably)
Minimum document requirements:
-Signed Home Loan Application form (https://www.apps.asiapacific.hsbc.com/1/2/mnl2/home-loan-crms?WABFormEntryCommand=cmd_init)
Landbank Easy Home Loan Program
-House and lot/lot only purchase
-Construction
-Renovation
-Refinancing
Lowest interest rate: 10.5%
Highest interest rate: ---
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 70% of the property’s appraised value
Approval time: 15 working days
Appraisal fee: ---
Unique features:
-Enrolling the account to ADA for easier loan payment through the borrower’s savings or current account
Eligibility:
-Filipino citizen
-Gainfully employed locally OR
-Self-employed with lawful and profitable business operation
-Has high credit score (preferably)
Minimum document requirements:
-Signed Easy Home Loan Application form
-COE indicating the monthly net pay
Maybank MaxiHome
-House and lot/lot only purchase
-Townhouse purchase
-Residential condominium purchase
-Home construction/renovation
-Refinancing
Lowest interest rate: 6%
Highest interest rate: 7.88%
Minimum loanable amount: ₱500,000
Maximum loanable amount:
-up to 80% of the property’s appraised value
-up to 60% of the lot’s appraised value
Approval time: 10-15 working days
Appraisal fee:
-₱4,300 for Metro Manila applicants
-fee varies for non-Metro Manila applicants
Unique features:
-No lock-in period
-Getting higher loan amounts when the house is bought from any accredited developer
-Start paying one month after the release of the loan
Eligibility:
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Permanently employed for 2 years or more OR
-Self-employed with a business operation existing for 5 years and profitably operating for at least 3 years
-Minimum gross monthly household income of ₱40,000
-Has high credit score (preferably); no adverse credit records
Minimum document requirements:
-Signed Loan Application form (http://www.maybank2u.com.ph/MpiBank/MaxiHome_ApplicationForm.pdf)
-COE indicating position, monthly or annual salary and tenure
-Pay slips (last 3 months)
Metrobank Home Loan
-House and lot/lot only or lot with construction purchase
-Townhouse purchase
-Condominium purchase
-House construction
-House renovation
-Refinancing
-Reimbursement
Lowest interest rate: 6%
Highest interest rate: ---
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 60 to 80% of the appraised value, depending on the purpose of the loan
Approval time: ---
Appraisal fee: Nonrefundable
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment or paying through post-dated checks
Eligibility:
-Filipino citizen
-Employed or self-employed
Minimum document requirements:
-Signed Home Loan Application form (https://www.metrobank.com.ph/loanapplication.asp#)
-Recent ITR OR
-COE OR
-Pay slips (last 3 months)
PBCOM Home Loan
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Mixed-used property purchase
-Home renovation or construction
-Home refinancing
Lowest interest rate: 6.9%
Highest interest rate: ---
Minimum loanable amount: ₱500,000
Maximum loanable amount:
-₱20,000,000 OR
-up to 80% of the property’s appraised value whichever is lower
Approval time: 10 working days
Appraisal fee: ---
Unique features:
-Enrolling the account to ADA for easier loan payment or paying through post-dated checks
Eligibility:
-Filipino citizen, foreign-based Filipino or foreign citizens permanently living in the Philippines
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Employed or self-employed
-Minimum gross monthly household income of ₱50,000
Minimum document requirements:
-Signed Loan Application form
-Photocopy of 2 valid photo and signature-bearing government-issued IDs
-COE with compensation
-Photocopy of recent ITR
Philippine National Bank (PNB) Sure Home
-House only/house and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Home construction
-Home improvement
-Refinancing
Lowest interest rate: 5.25% (1 yr.)
Highest interest rate: 10.75% (20 yrs.)
Minimum loanable amount:
-₱750,000 for property purchase within Metro Manila and ₱500,000 for property purchase outside Metro Manila
-₱500,000 for lot purchase within Metro Manila and ₱200,000 for lot purchase outside Metro Manila
Maximum loanable amount:
-up to 80% of the property’s appraised value
-up to 60% of the lot’s appraised value
Approval time: 10 working days
Appraisal fee: ₱3,500 (nonrefundable)
Unique features:
-Enrolling the account to ADA for easier loan payment
Eligibility:
-Filipino citizen
-Natural born Filipinos who’ve lost their Filipino citizenship (for ownership of 1,000 sq. m lot area only)
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Employed or self-employed with paying capacity of up to 30% of the gross monthly income for monthly amortization
Minimum document requirements:
-Signed Sure Home Application form (http://www.pnb.com.ph/images/stories/docs/housingloan-appform.pdf)
-2x2 ID picture
-Photocopy of 2 valid government-issued IDs
-Recent ITR
-COE and compensation
Philippine Veterans Bank Home Loans
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Home construction
-Home renovation
-Refinancing
Lowest interest rate: 8.25% (for the first 5 yrs.)
Highest interest rate: -
Minimum loanable amount: ₱300,000
Maximum loanable amount:
-up to 80% of the property’s appraised value
-up to 60% of the lot’s appraised value
Approval time:
-7-10 working days for Metro Manila, Bulacan and CALABARZON applicants
-15 working days for applicants from other areas
Appraisal fee: ---
Unique features:
-Monthly or quarterly payment
-Cash-back guarantee
Eligibility:
-Single or married with no dependents for every ₱1,000,000 loan
-20 years old, but not exceeding 65 years when the home loan matures
-Employed or self-employed
-Minimum gross monthly household income of ₱40,000
Minimum document requirements:
-Signed Loan Application form (http://www.pvbhomeloans.com/)
-Photocopy of valid government-issued IDs
-COE indicating position, salary, status and length of service
-Recent ITR
-Irrevocable SPA (Special Power of Attorney)
-Loan application fee payment
PSBank Home Loan with Prime Rebate
-House and lot/lot only purchase
-Townhouse purchase
-Condominium unit or duplex purchase
-Home construction
-Home improvement
-Refinancing
-Home equity
Lowest interest rate: 6% (1 yr.)
Highest interest rate: 9.25% (25 yrs.)
Minimum loanable amount: ₱500,000
Maximum loanable amount: ₱25,000,000
Approval time: 5 working days with notifications via SMS
Appraisal fee: ---
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment or through online payment
-Earning rebates when making advance and/or excess payments
Eligibility:
-Filipino citizen or foreign citizen with minimum of 3 years residency in the Philippines
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Employed for at least 2 years with the current company OR
-Self-employed with at least 2 years profitable business operation
-Minimum gross monthly household income of ₱30,000
Minimum document requirements:
-Signed PSBank Home Loan Application form (http://www.psbank.com.ph/Data/Sites/1/products-services/pdf/psbank_homeloanapplicationform.pdf)
-Photocopy of valid photo and signature-bearing IDs
-COE
-Recent ITR
RSBC Savings Bank MyHOME Housing Loan
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Home construction
-Home renovation
-Home refinancing
Lowest interest rate: 8% (1 yr.)
Highest interest rate: 11.5% (16-20 yrs.)
Minimum loanable amount: ₱300,000
Maximum loanable amount: ₱10,000,000 subject to the paying capacity of the borrower
Approval time: 10 working days
Appraisal fee: ---
Unique features:
-No lock-in period
-Enrolling the account to ADA for easier loan payment or through savings account or checks
Eligibility:
-Filipino citizen or former Filipino citizen
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Permanently employed for 2 years or more OR
-Self-employed with at least 2 years profitable business operation
Minimum document requirements:
-Signed Application form (http://122.55.28.39/eLoansOnlineApply/Application_Form.aspx)
-Valid IDs
-COE and compensation
-TIN
-Recent ITR
-Residence certificate
Security Bank
-Buy
-Build
-Refinance
Lowest interest rate: 5.25% (1 yr.)
Highest interest rate: 9% (15 yrs.)
Minimum loanable amount: ₱500,000
Maximum loanable amount:
-up to 80% of brand new house and lot’s appraised value
-up to 80% of townhouse, duplex or condo unit’s appraised value
-up to 70% of second home’s appraised value
Approval time: 7 working days
Appraisal fee: ---
Unique features:
-No lock-in period
-Acquiring home loans for various purposes such as buy, build and refinance
-Enrolling the account to ADA for easier loan payment or paying through post-dated checks
-Taking a break from paying the loan once a year for the entire loan tenor known as vacation month
-Options to overpay or underpay
Eligibility:
-21 years old upon loan application, but not exceeding 65 years when the home loan matures
-Continuously employed for at least 2 years OR
-Self-employed with at least 3 years legitimate and profitable business operation
-Minimum gross monthly household income of ₱30,000
Minimum document requirements:
-Signed Home Loan Application form (https://www.securitybank.com/wp-content/uploads/2014/02/Home-Loans-Application-Form_e.pdf)
-Clear copy of 1 valid government-issued ID
-COE with compensation within the last 6 months
-Pay slips (last 3 months) OR
-Recent ITR
-A photocopy of a utility bill
UCPB Home Loan
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-Home renovation or expansion
-Refinancing
Lowest interest rate: 6%
Highest interest rate:
Minimum loanable amount: ₱500,000
Maximum loanable amount: ---
Approval time: 10 working days
Appraisal fee: Not required
Unique features:
-Enrolling the account to ADA for easier loan payment or paying through post-dated checks
Eligibility:
-Employed for the last 12 months OR
-Self-employed with at least 3 years profitable business operation
-Minimum gross monthly household income of ₱30,000
Minimum document requirements:
-Signed Housing Loan Application form (https://www.ucpb.com/UCPB_PDF_Files/UCPB_Home_Loan_Application_Form_Editable.pdf)
-COE indicating position, salary and length of service
-Recent ITR
UnionBank Housing Loan
-House and lot/lot only purchase
-Townhouse purchase
-Condominium purchase
-House construction
-House improvement
Lowest interest rate: 5.5%
Highest interest rate: 9.75%
Minimum loanable amount: ₱500,000
Maximum loanable amount: up to 70% of the property’s appraised value or net selling price whichever is lower
Approval time: 10 working days
Appraisal fee: ---
Unique features:
-No lock-in period
-Full flexible loans
-Enrolling the account to ADA for easier loan payment or paying through post-dated checks
Eligibility:
-Must be not more than 60 years old upon loan application
-Must not be more than 70 years old upon loan maturity
-Gainfully employed with permanent employment status OR
-Self-employed with at least 2 years profitable business operation
-Has high credit score (preferably)
Minimum document requirements:
-Signed Housing Loan Application form (https://unionbankph.com/index.php?option=com_content&view=article&id=1791&Itemid=19)
-1x1 ID picture
-Photocopy of valid photo and signature-bearing government-issued IDs
-COE and compensation
-Photocopy of community tax certificate
-Recent ITR
-Pay slip (last 3 months)
Here's a bonus: Pag-IBIG
Highest interest rate: 6.5% (for loans up to ₱750,000)
Processing fee: ₱1,000 (nonrefundable)
Eligibility:
-Must be a Pag-IBIG member for 24 months or more
-Must not be over 65 years old upon loan application
-Must not be over 70 years old upon loan maturity
-Has the legal capacity to acquire a property
-Has high credit score (preferably)
-Had no cancelled or defaulted Pag-IBIG housing loan
-Has no outstanding loan from Pag-IBIG
Minimum document requirements:
-Signed Pag-IBIG Housing Loan Application Form (PHLAF)
-Membership Status Verification Slip (MSVS)
-Recent ID pictures
-Photocopy of 1 valid ID
-Proofs of income such as notarized COE and compensation, pay slip (latest) and recent ITR
Important reminders:
Interest rates are only indicative rates, which mean they are subject to change without prior notice. Actual interest rates will be considered as the prevailing rates throughout the loan tenor.
The guide attempts to be an exhaustive guide. If you cannot find the bank that you are looking for, please leave a comment below. We will try to update the contents to reflect the updates of any of these banking institutions.