The benefits of applying for a home loan from Banbif bank are:
- You can choose the option that best fits your financial style, which may be financing or a home loan
- You can choose your property from the BDO property catalog if you do not have a specified option
- The minimum loan amount is P500,000
- Up to 80% of the current value of the property
- Term of 20 years for loan repayment
- Loan protection insurance with monthly drawing of premiums and amortization
Why does our team recommend this loan option?
There are moments in our lives that we cannot miss, especially when it comes to our financial well-being. Owning your property is a dream that sometimes seems far away because of current market values. Knowing this situation, BDO developed the mortgage loan to finance your property.
With this option you can apply for a loan that matches your reality. The options are diverse: you can buy a house or a lot, build or renovate. For each option there are terms and conditions, so the service will be directed so that you take the best for your pocket.
Author’s opinion
The BDO bank home loan has a complete financing programme in your hands. With the property catalog option, you can buy your property while it is still on the blueprint, and finance it according to your financial capacity.
But if that is not what you need, if you already have a property you dream of and now you only need credit, or if you just want to renovate your property, BDO has the option of personalised credit. Both options have up to 20 years for release, and the fees can be directly agreed with the consultant assigned by the bank for your process. Especially, this care in service is a very positive point.
A tip for your pocket
You can programme the automatic debit of the instalments from your savings account that will be opened when taking this loan on the agreed dates at the time of taking the loan. Avoid delaying the payment of instalments in order to keep your financial history positive and thus enjoy all banking services.
The BDO home loan is an excellent option, isn’t it? Find out now how to order yours!
