BPI Home Loan Requirements 2026

To qualify for a BPI Family Savings Bank home loan, you must meet all of the following general eligibility criteria:

• Filipino citizen or a foreign national married to a Filipino (with additional requirements)
• At least 21 years old at the time of application
• Not older than 65 years old at loan maturity (meaning your loan must be fully paid before your 65th birthday)
• Minimum gross monthly income of 40,000, whether employed, self-employed, or earning from abroad
• Good credit standing — no adverse credit history with BPI or other financial institutions
• Stable employment or business — at least 2 years of continuous employment or 2 years of profitable business operations

BPI accepts borrowers from a wide range of employment backgrounds, including private sector employees, government workers, BPO employees, OFWs, seafarers, self-employed professionals, and business owners. If you're unsure whether you qualify, Nook can assess your profile for free before you apply.

BPI requires a minimum gross monthly income of 40,000 for home loan applicants. This applies across all employment types — whether you are a salaried employee, self-employed, a professional, or an OFW.

Here's how income is typically assessed for different borrower types:

• Employed applicants: Income is based on your Certificate of Employment (COE) and latest payslips. Fixed allowances may be included depending on BPI's assessment.
• Self-employed / business owners: Income is derived from your Income Tax Return (ITR) and audited financial statements from the past 2 years.
• OFWs and seafarers: Income is based on your employment contract and remittance records. BPI may use a forex conversion to compute peso equivalent.
• Professionals (doctors, lawyers, etc.): ITR and proof of practice or professional income are used.

Your income also determines your maximum loanable amount. BPI applies a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new home loan payment — should not exceed 40% of your gross monthly income. For example, if you earn 80,000 per month, your maximum allowable monthly loan payment would be 32,000.

BPI applies the following age rules for home loan applicants:

• Minimum age at application: 21 years old
• Maximum age at loan maturity: 65 years old

The maturity age rule means that your loan term cannot extend beyond your 65th birthday. In practice, this affects how long a loan term you can choose:

• If you are 40 years old, you can take a loan term of up to 25 years (you'll be 65 at maturity)
• If you are 50 years old, your maximum loan term is 15 years
• If you are 55 years old, your maximum loan term is 10 years

For older borrowers, a shorter loan term means higher monthly amortizations, which may affect how much you can borrow. If your spouse or a co-borrower is younger, BPI may consider their age for the loan term calculation — ask Nook about co-borrower options.

BPI Family Savings Bank accepts borrowers from all major employment categories in the Philippines. Here's what each type needs to demonstrate:

• Private sector employees: Must be a regular or permanent employee with at least 2 years of continuous employment (including tenure with previous employers in the same industry).
• Government employees: Must be a permanent government employee with at least 2 years of service. GOCCs and government-owned entities are generally included.
• BPO employees: Accepted provided they meet the income and tenure requirements. Night differential income may be considered.
• OFWs and seafarers: Must have a valid employment contract and a history of regular overseas employment. Seafarers need to show a pattern of continued re-hiring.
• Self-employed individuals and business owners: Must have at least 2 years of profitable business operations, supported by ITR and audited financials.
• Professionals (doctors, lawyers, CPAs, architects, etc.): Must be licensed and actively practicing, with at least 2 years of professional income history.

Co-borrowers are allowed — typically a spouse or an immediate family member. Including a co-borrower with additional income can help increase your loanable amount if your individual income falls short.

If you are a locally employed private or government employee, prepare the following documents for your BPI home loan application:

Personal / Identity Documents

• Completed BPI Home Loan Application Form
• 2 valid government-issued IDs (e.g., passport, driver's license, SSS ID, UMID)
• Marriage certificate (if married) or birth certificate of dependents

Income Documents

• Certificate of Employment (COE) — must state position, tenure, and monthly salary, issued within the last 6 months
• Latest 1 month payslip (some cases may require 3 months)
• Latest ITR (BIR Form 2316 stamped by employer, or BIR Form 1700/1701 if applicable)

Property Documents

• Photocopy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Vicinity map and floor plan of the property
• Latest real property tax receipt and tax declaration
• Contract to Sell or Deed of Absolute Sale (if purchasing)
• For refinancing: existing loan statement of account

All documents must be originals or certified true copies unless otherwise stated. BPI may request additional documents based on your specific situation.

Self-employed individuals and business owners have a slightly different document set. In addition to the personal and property documents listed for employed applicants, you will need:

Business / Income Documents

• DTI Registration (for sole proprietors) or SEC Registration + Articles of Incorporation (for corporations/partnerships)
• Business Permit / Mayor's Permit for the current year
• Latest 2 years of BIR-filed and stamped Income Tax Returns (ITR Form 1701 or 1702)
• Latest 2 years of Audited Financial Statements (AFS) prepared by a CPA
• Latest 3 months of bank statements (business account preferred)
• List of clients or contracts (if applicable) to demonstrate business continuity

For licensed professionals (doctors, lawyers, architects, etc.)

• PRC License (valid and current)
• Latest 2 years ITR (Form 1701)
• Professional income documentation (billing records, consultancy agreements, or clinic/office lease)

BPI will assess your average annual net income from the past 2 years to determine your qualifying monthly income. If your income has fluctuated significantly between years, BPI may apply a more conservative figure. Having 2 solid years of profitable operations is key to a smooth approval.

OFWs and seafarers are welcome to apply for a BPI home loan. Because you're applying from abroad — or recently returned — the document requirements are tailored to your situation:

Personal Documents

• Completed BPI Home Loan Application Form
• Valid Philippine passport
• Valid foreign visa or work permit (if applicable)
• Marriage certificate (if married)

Income Documents

• Valid employment contract (with English translation if in a foreign language)
• Latest 3 months of payslips or proof of remittance
• Certificate of Employment from foreign employer (if available)
• For seafarers: latest crew contract and previous contracts showing continuous employment history (last 2 years)
• POEA-approved contract (if applicable)

Other Requirements

• Special Power of Attorney (SPA) — required if the OFW cannot personally appear during the application process. The SPA must be notarized (or consularized if executed abroad) and must authorize the representative to sign documents on the applicant's behalf.
• Latest 3 months bank statements showing remittances received in the Philippines

Property Documents — same as listed for employed applicants above.

Applying through Nook is particularly valuable for OFW borrowers. We can coordinate the entire process on your behalf and help you prepare the SPA so there are no delays.

BPI Family Savings Bank's home loan program covers a wide range of property-related financing needs. As a Nook partner, BPI accepts loan applications for the following purposes:

• Refinancing — Replace your existing home loan (from any bank or Pag-IBIG) with a BPI loan at a lower rate. This is one of the most popular uses, especially for homeowners currently paying 7% or higher. See our 2026 BPI refinancing rate comparison to understand your potential savings.
• Ready for Occupancy (RFO) — Purchase a completed house and lot or condominium unit from a developer or seller.
• Pre-Selling — Finance a property that is still under construction or not yet built, usually from a developer.
• New Construction — Build a new home on a lot you already own.
• Renovation — Fund major home improvement works on your existing property.
• Home Equity / Equity Loan — Borrow against the equity in your existing property for any purpose (business capital, education, medical expenses, etc.). BPI's home equity rate is 6.70% p.a.
• Reselling / Assumption — Purchase a property from a private seller, including foreclosed or bank-acquired assets.
• Foreclosed Properties — Acquire properties from BPI's or other banks' foreclosed asset portfolios.

Not all purposes carry the same rate or LTV (loan-to-value) ratio. Refinancing and RFO purchases tend to have the most straightforward approval process.

BPI applies a maximum debt-to-income (DTI) ratio of 40%. This means your total monthly debt obligations — including your proposed BPI home loan amortization — must not exceed 40% of your gross monthly income.

How DTI is calculated:

DTI = (Total Monthly Debt Payments ÷ Gross Monthly Income) × 100

Existing debts counted in the DTI calculation typically include:

• Credit card minimum payments
• Existing personal loan or car loan amortizations
• Other existing mortgage payments
• The new proposed home loan monthly amortization

Practical examples:

• If your gross monthly income is 100,000 → maximum total monthly debt payments allowed = 40,000
• If you already pay 10,000/month on a car loan, your maximum home loan amortization would be 30,000/month
• At BPI's 5-year fixed rate of 6.50% over a 20-year term, a monthly payment of 30,000 supports a loan amount of approximately 4,050,000

To maximize your borrowable amount, reduce or pay off existing debts before applying, or add a co-borrower whose income can be combined with yours. Nook can run a free pre-qualification check to estimate your loanable amount before you formally apply.

BPI's typical home loan processing time is approximately 52 days from the submission of a complete application with all required documents. This timeline covers document verification, property appraisal, credit evaluation, and final approval.

Here's a general timeline breakdown:

• Days 1–7: Initial document review and acknowledgment
• Days 8–20: Credit evaluation and income verification
• Days 21–40: Property appraisal (BPI sends their own appraiser)
• Days 41–52: Final credit committee approval and loan offer issuance

Delays most commonly occur when documents are incomplete, income sources are difficult to verify, or property titles have issues. Submitting a complete and accurate application from day one is the single biggest factor in getting approved on time.

How Nook helps: Applying through Nook means you get a dedicated mortgage advisor who reviews your documents before submission, coordinates directly with BPI on your behalf, and flags any issues early. Our service is completely free to you — we're compensated by the bank, not the borrower. There are no branch visits required, and you can track your application status at any time. To get started, simply submit your details through Nook and we'll handle the rest.