Income Requirements Comparison
BDO Unibank
- Minimum Monthly Income: ₱50,000
- Income Documentation: ITR, Certificate of Employment, Pay slips
- Acceptable Income Sources: Basic salary, allowances, commissions, rental income
- Co-borrower Income: Can be combined for qualification
BPI Family Savings Bank
- Minimum Monthly Income: ₱40,000
- Income Documentation: ITR, Certificate of Employment, Pay slips
- Acceptable Income Sources: Basic salary, allowances, commissions, rental income
- Co-borrower Income: Can be combined for qualification
Metrobank (Approximate)
- Minimum Monthly Income: ₱30,000-50,000
- Income Documentation: ITR, Certificate of Employment, Pay slips
- Acceptable Income Sources: Basic salary, allowances, commissions
- Co-borrower Income: Can be combined for qualification
Employment and Professional Requirements
BDO Unibank
- Employment Types: Private employees, Government workers, BPO employees
- OFW/Seafarer: Accepted with additional documentation
- Self-Employed: Accepted (business registration required)
- Professional/Practice: Doctors, lawyers, engineers accepted
- Employment Duration: Minimum 2 years current employer
BPI Family Savings Bank
- Employment Types: Private employees, Government workers, BPO employees
- OFW/Seafarer: Accepted with additional documentation
- Self-Employed: Accepted (business registration required)
- Professional/Practice: Doctors, lawyers, engineers accepted
- Employment Duration: Minimum 2 years current employer
Metrobank (Approximate)
- Employment Types: Private employees, Government workers
- OFW/Seafarer: Accepted with restrictions
- Self-Employed: Accepted (stricter documentation)
- Professional/Practice: Accepted with professional license
- Employment Duration: Minimum 2-3 years current employer
Credit and Financial Requirements
BDO Unibank
- Debt-to-Income Ratio: Maximum 40%
- Credit Score: Good credit history required
- Existing Loans: All existing debts considered
- Bank Relationship: Existing BDO account preferred
- Down Payment: Minimum 20% of property value
BPI Family Savings Bank
- Debt-to-Income Ratio: Maximum 40%
- Credit Score: Good credit history required
- Existing Loans: All existing debts considered
- Bank Relationship: Existing BPI account preferred
- Down Payment: Minimum 20% of property value
Metrobank (Approximate)
- Debt-to-Income Ratio: Maximum 35-40%
- Credit Score: Good credit history required
- Existing Loans: All existing debts considered
- Bank Relationship: Existing Metrobank account preferred
- Down Payment: Minimum 20% of property value
Documentation Requirements
BDO Unibank
- Valid government-issued ID
- Certificate of Employment with compensation details
- Latest Income Tax Return (ITR)
- Bank statements (6 months)
- Pay slips (3 months)
- Business documents (if self-employed)
- Property documents (title, tax declaration)
BPI Family Savings Bank
- Valid government-issued ID
- Certificate of Employment with compensation details
- Latest Income Tax Return (ITR)
- Bank statements (6 months)
- Pay slips (3 months)
- Business documents (if self-employed)
- Property documents (title, tax declaration)
Metrobank (Approximate)
- Valid government-issued ID
- Certificate of Employment with compensation details
- Latest Income Tax Return (ITR)
- Bank statements (3-6 months)
- Pay slips (3 months)
- Business documents (if self-employed)
- Property documents (title, tax declaration)
Processing Time and Approval
BDO Unibank
- Typical Processing: 30 days
- Pre-qualification: 3-5 business days
- Property Appraisal: 7-10 business days
- Final Approval: 15-20 business days
- Loan Release: 5-7 business days after approval
BPI Family Savings Bank
- Typical Processing: 52 days
- Pre-qualification: 5-7 business days
- Property Appraisal: 10-14 business days
- Final Approval: 25-30 business days
- Loan Release: 7-10 business days after approval
Metrobank (Approximate)
- Typical Processing: 45-60 days
- Pre-qualification: 5-7 business days
- Property Appraisal: 10-14 business days
- Final Approval: 20-30 business days
- Loan Release: 7-10 business days after approval
Why Apply Through Nook
Both BDO and BPI Family Savings Bank are verified Nook partner banks, offering you several advantages:
- Guaranteed Rates: Access to verified partner rates starting at 6.00%
- Free Broker Service: No fees for application assistance and guidance
- Streamlined Process: Simplified documentation and faster pre-qualification
- Expert Support: Dedicated loan specialists throughout your application
- Multiple Options: Compare offers from different partner banks
For those currently with Metrobank or other banks, refinancing through a Nook partner bank could potentially lower your interest rate and monthly payments significantly.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
What is the minimum income requirement for housing loans in the Philippines?
Among major banks, minimum income requirements vary: BPI Family Savings Bank requires ₱40,000 monthly income (lowest among premium banks), BDO requires ₱50,000, while some banks like Metrobank may accept as low as ₱30,000 depending on the loan product. Both BDO and BPI Family Savings Bank are Nook partner banks offering competitive rates with these income thresholds.
Which bank has the easiest housing loan requirements?
BPI Family Savings Bank currently offers the most accessible requirements among premium banks with a ₱40,000 minimum monthly income, 40% maximum debt-to-income ratio, and acceptance of various employment types including OFWs and self-employed borrowers. As a Nook partner bank, you can also access their competitive 6.70% rates with free broker assistance.
What documents are required for housing loan applications?
Standard requirements across BDO, BPI, and Metrobank include: valid government ID, Certificate of Employment with compensation details, latest ITR, 3-6 months of bank statements, recent pay slips, and property documents (title, tax declaration). Self-employed applicants need additional business registration and financial statements.
How long does housing loan approval take?
Processing times vary by bank: BDO typically processes applications in 30 days, BPI Family Savings Bank in 52 days, and Metrobank in 45-60 days. Applying through Nook can streamline the process with both BDO and BPI Family Savings Bank, as we provide dedicated support and pre-qualification assistance.
Can OFWs and self-employed individuals qualify for housing loans?
Yes, both BDO and BPI Family Savings Bank (Nook partner banks) accept OFW/seafarer and self-employed applicants, though additional documentation is required. This includes employment contracts for OFWs and business registration plus financial statements for self-employed borrowers. Metrobank also accepts these applicant types but with potentially stricter requirements.
What is the maximum debt-to-income ratio allowed?
Both BDO and BPI Family Savings Bank maintain a maximum 40% debt-to-income ratio, meaning your total monthly debt payments (including the new housing loan) cannot exceed 40% of your gross monthly income. Metrobank typically allows 35-40% depending on the specific loan product and applicant profile.