What are the basic BPI housing loan requirements in 2026?

To qualify for a BPI Family Savings Bank housing loan, applicants must be at least 21 years old, no older than 65 at loan maturity, and earn a minimum gross monthly income of 40,000 pesos. Total monthly debt obligations must not exceed 40% of gross income (DTI limit). BPI accepts salaried employees (private, government, BPO), OFWs, seafarers, self-employed individuals, and licensed professionals. Loan purposes include purchase of RFO or pre-selling properties, house construction, refinancing, home equity, renovation, reselling, and foreclosed properties. A valid government-issued ID and TIN are required for all applicants.

What income documents does BPI require for a housing loan?

BPI requires different income documents depending on employment type. Locally employed applicants need their latest payslip, a Certificate of Employment issued within the last 3 months, and their latest ITR (BIR Form 2316 or 1700). Self-employed applicants need 2 years of ITR (BIR Form 1701) with audited financial statements, business registration documents, and 6 months of bank statements. OFWs need an employment contract, proof of remittances for 3-6 months, and POEA/OWWA documents for seafarers, plus a notarized or consularized Special Power of Attorney if applying through a local representative.

What valid IDs are accepted for a BPI housing loan application?

BPI accepts at least two valid government-issued IDs including the Philippine National ID (PhilSys), passport, driver's license, SSS ID or UMID Card, GSIS e-Card, PRC Professional ID, Voter's ID, Postal ID (new format), PhilHealth ID, Senior Citizen ID, OFW ID, and Seaman's Book. IDs must be current and not expired at the time of submission. All names must match exactly across IDs, income documents, and property papers.

What property documents does BPI require for a housing loan?

Required property documents vary by loan purpose. For RFO purchases: Certified True Copy of TCT or CCT, lot plan with vicinity map, tax declaration, real property tax receipts, and Contract to Sell or Deed of Sale. For pre-selling: reservation agreement, contract to sell, developer's license to sell, and master title. For construction: TCT in applicant's name, approved building plan, building permit, and construction cost estimate. For refinancing: TCT or CCT in applicant's name, existing loan statement of account, and proof of consistent payments. BPI conducts an independent appraisal of all properties.

What are the BPI housing loan requirements for OFW applicants?

OFW applicants need a valid employment contract or Certificate of Employment from their foreign employer, 3-6 months of remittance records, and for seafarers, a crew contract and POEA documents. A valid passport, OFW ID or Seaman's Book, one additional government ID, and TIN are required. If the OFW cannot be physically present, a notarized or consularized Special Power of Attorney must be executed in favor of a local representative. OFWs can combine income with a spouse co-borrower to meet the 40,000-peso minimum monthly income requirement.

What are the BPI housing loan requirements for self-employed applicants?

Self-employed applicants need DTI or SEC registration, Mayor's Permit, latest 2 years of ITR (BIR Form 1701 or 1702) stamped by BIR, audited financial statements for 2 years signed by a CPA, and 6 months of personal and business bank statements. Licensed professionals also need a valid PRC ID and may need a Certificate of Good Standing. BPI typically requires at least 2 continuous years of business operation. Consistent banking history and a clean credit record strengthen the application significantly.

Can I add a co-borrower to my BPI housing loan, and what documents do they need?

Yes, BPI allows co-borrowers — typically immediate family members such as a spouse, parent, sibling, or adult child. Co-borrowers must submit a filled-out application form, two valid government-issued IDs, income documents appropriate to their employment type, a TIN, and a relationship document such as a marriage certificate or birth certificate. Both borrower and co-borrower's incomes and credit profiles are evaluated. For married applicants, the spouse is typically required as a co-borrower to comply with Philippine property co-ownership laws.

What are BPI's minimum income requirements and loan eligibility criteria?

BPI Family Savings Bank requires a minimum gross monthly income of 40,000 pesos and a maximum debt-to-income ratio of 40%. Applicants must be at least 21 years old and no older than 65 at loan maturity. Loan terms of up to 20-25 years are available. Current rates through Nook are 6.70% p.a. for a 1-year fixed and 6.50% p.a. for a 5-year fixed. All rates are subject to change — confirm current rates with BPI or your Nook advisor before applying.

What are the specific requirements for BPI housing loan refinancing?

For refinancing, BPI requires a Certified True Copy of the TCT or CCT in the applicant's name, the latest Statement of Account from the current lender, proof of consistent amortization payments for the past 12 months, tax declaration, real property tax receipts, and a lot plan with vicinity map. Standard personal and income documents also apply. The existing loan must have a satisfactory payment history, and BPI will conduct an independent property appraisal. Loan-to-value ratio is typically capped at 80% of appraised value. BPI's 5-year fixed rate of 6.50% p.a. through Nook can generate significant savings for borrowers currently paying 7% or more.

How does applying for a BPI housing loan through Nook make the process easier?

Nook is a verified BPI Family Savings Bank partner and the Philippines' first digital mortgage broker. Applying through Nook is completely free for borrowers. Nook provides a personalized document checklist, pre-assesses your application before formal submission, and coordinates directly with BPI throughout the approval process — which typically takes around 52 days. Nook clients access BPI's preferred rates of 6.70% p.a. (1-year fixed) and 6.50% p.a. (5-year fixed). Nook can also compare BPI against other partner banks to ensure you get the best possible deal for your situation. All rates are subject to change.

BPI Housing Loan Requirements 2026: Full Document Checklist for Filipino Applicants

Applying for a BPI housing loan in 2026 requires careful preparation of the right documents. Whether you're buying your first home, refinancing an existing loan, or tapping your home's equity, BPI Family Savings Bank has specific requirements for each applicant type — from salaried employees and OFWs to self-employed professionals and business owners. Getting your paperwork right the first time can mean the difference between a smooth 52-day approval and weeks of back-and-forth delays.

Nook is a proud partner of BPI Family Savings Bank, and as the Philippines' first digital mortgage broker, we help Filipino borrowers navigate the full application process — completely free of charge. In this guide, you'll find the complete BPI housing loan requirements for 2026, broken down by document category and applicant type, so you can walk into the process fully prepared. Note that interest rates and requirements are subject to change, so always verify the latest details directly with BPI or through your Nook advisor.

Your questions, answered

To qualify for a BPI Family Savings Bank housing loan, all applicants must meet the following baseline requirements:

Age: At least 21 years old at the time of application, and no older than 65 years old upon loan maturity
Citizenship: Filipino citizen, or a foreign national married to a Filipino citizen
Minimum monthly income: At least 40,000 pesos gross per month
Debt-to-income ratio (DTI): Total monthly debt obligations, including the new housing loan, must not exceed 40% of gross monthly income
Employment or business stability: Must be continuously employed or operating a business for a minimum period (typically 2 years for self-employed applicants)
Valid Philippine government-issued ID
Tax Identification Number (TIN)

BPI accepts applicants across a wide range of employment types including private-sector employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. Loan purposes covered include purchase of ready-for-occupancy (RFO) or pre-selling units, house construction, refinancing, home equity, renovation, reselling, and foreclosed properties.

BPI requires income documentation to verify your capacity to repay. The documents differ depending on your employment type:

For Locally Employed (Private or Government)

Latest one-month payslip (or two consecutive payslips if paid semi-monthly)
Certificate of Employment (COE) with compensation, issued within the last 3 months
Latest Income Tax Return (ITR) — BIR Form 2316 or BIR Form 1700, stamped by employer or BIR
For government employees: Service Record may substitute for COE

For BPO Employees

Same as locally employed requirements above
Some BPO workers on shifting or project-based contracts may be asked for additional employment continuity documentation

For Self-Employed and Professionals

Latest 2 years' ITR (BIR Form 1701), with audited financial statements
Business registration documents (DTI or SEC, Mayor's Permit)
Latest 6 months' bank statements
Professional Regulation Commission (PRC) ID for licensed professionals

For OFWs and Seafarers

Employment contract or Certificate of Employment from employer abroad
Proof of remittances (latest 3-6 months)
Latest crew contract and POEA/OWWA documents for seafarers
Special Power of Attorney (SPA) if applying through a local representative

All income documents should be as current as possible. BPI may request additional documents depending on your specific situation.

BPI requires at least two valid, government-issued IDs for all applicants. Accepted IDs include:

Philippine National ID (PhilSys)
Passport
Driver's License
SSS ID or UMID Card
GSIS e-Card
PRC Professional ID
Voter's ID
Postal ID (new format)
PhilHealth ID
Senior Citizen ID
OFW ID (for overseas workers)
Seaman's Book (for seafarers)

IDs must be current and valid (not expired) at the time of submission. Photocopies should be clear and legible on all sides. For co-borrowers, the same ID requirements apply. Make sure the name on your IDs matches exactly with the name on your income documents and property papers to avoid processing delays.

The property documents BPI needs depend on the type of property you are purchasing, constructing, or using as collateral. Here is a breakdown by property type:

For Purchase of House and Lot or Condominium (RFO)

Certified True Copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
Lot plan with vicinity map (certified by a licensed geodetic engineer)
Tax Declaration for land and improvements
Real property tax receipts (current and updated)
Contract to Sell or Deed of Absolute Sale (or draft thereof)
Floor plan and specification (for house and lot)

For Pre-Selling / Developer Projects

Reservation Agreement and Contract to Sell from the developer
Developer's license to sell and development permit
Master title or mother title of the project

For House Construction

TCT of the lot in the applicant's name (or vendor's name if to be transferred)
Approved building plan and bill of materials
Building permit
Construction cost estimate from a licensed engineer or architect

For Refinancing

TCT or CCT in applicant's name
Existing loan statement of account from current lender
Proof of consistent loan payments (amortization receipts or bank statements)

All titles should be free from liens and encumbrances, or have the existing mortgage properly disclosed. BPI will conduct an independent appraisal of the property as part of the process.

BPI Family Savings Bank welcomes OFWs and seafarers as housing loan applicants, recognizing remittances as a valid income source. Here are the specific requirements for overseas Filipino workers:

Income and Employment Documents

Valid employment contract or Certificate of Employment from the foreign employer
Latest 3-6 months of remittance records (bank-certified remittance history or passbook)
For seafarers: latest crew contract and POEA documents
OWWA membership certificate (if applicable)

Personal Documents

Valid passport with at least 6 months' validity
OFW ID or Seaman's Book
One additional valid government-issued ID
Tax Identification Number (TIN)

Special Power of Attorney (SPA)

If the OFW cannot be physically present to sign documents, a notarized or consularized Special Power of Attorney (SPA) must be executed in favor of a local representative (spouse, parent, sibling, or authorized person)
The SPA must specifically authorize the representative to sign loan and mortgage documents on the applicant's behalf
If executed abroad, the SPA must be authenticated by the Philippine Consulate or Embassy

OFWs applying with a spouse as co-borrower can use combined household income to meet the 40,000-peso minimum monthly income requirement and improve overall loan eligibility.

Self-employed individuals and business owners can apply for a BPI housing loan, but the documentation requirements are more extensive compared to salaried employees. Here is what BPI typically requires:

Business Registration Documents

DTI Certificate of Business Name Registration (for sole proprietors) or SEC Certificate of Incorporation (for corporations/partnerships)
Mayor's Permit or Business Permit (current year)
Articles of Incorporation or Partnership (if applicable)

Financial Documents

Latest 2 years' Income Tax Return (BIR Form 1701 for individuals or 1702 for corporations), stamped received by BIR
Audited Financial Statements for the latest 2 years, signed by a CPA
Latest 6 months' bank statements (personal and/or business accounts)

For Licensed Professionals (Doctors, Lawyers, Engineers, etc.)

PRC Professional ID (current and valid)
Latest 2 years' ITR
6 months' bank statements
Certificate of Good Standing from relevant professional organization (may be required)

BPI looks for at least 2 continuous years of business operation to establish income stability. Consistent bank deposits and a clean credit history will significantly strengthen a self-employed applicant's profile. If your declared taxable income is lower than actual earnings, be prepared to discuss this with your loan officer or Nook advisor.

Yes, BPI allows co-borrowers on housing loan applications. Adding a co-borrower is often used to combine incomes and qualify for a higher loan amount, or to meet the minimum income threshold. Co-borrowers are typically immediate family members such as a spouse, parent, child, or sibling.

Who Can Be a Co-Borrower?

Spouse (most common, especially for married applicants)
Parents or in-laws
Siblings
Children (must be of legal age)
In some cases, non-related parties may be accepted at BPI's discretion

Documents Required for Co-Borrowers

Filled-out co-borrower application form
Two valid government-issued IDs
Income documents appropriate to their employment type (payslip, COE, ITR, business documents, etc.)
Marriage certificate (if co-borrower is a spouse), or birth certificate (if parent or child)
TIN

Note that a co-borrower shares legal liability for the loan. Both the primary borrower and co-borrower's credit records and DTI ratios will be evaluated. For married applicants, the spouse is typically required to be a co-borrower even if they have no income, to comply with property co-ownership rules under Philippine law.

BPI Family Savings Bank sets clear eligibility thresholds to ensure borrowers can comfortably manage their housing loan. Here are the key criteria for 2026:

Minimum gross monthly income: 40,000 pesos
Maximum debt-to-income ratio (DTI): 40% — meaning your total monthly debt payments (including the new BPI housing loan amortization) cannot exceed 40% of your gross monthly income
Minimum age: 21 years old
Maximum age at loan maturity: 65 years old
Loan terms available: Typically up to 20-25 years depending on the loan purpose and applicant profile
Interest rates (BPI Family Savings Bank via Nook): 1-year fixed at 6.70% p.a., 5-year fixed at 6.50% p.a.

To illustrate the DTI rule: if your gross monthly income is 80,000 pesos, your total monthly debt obligations — including car loans, credit cards, and the new home loan — must not exceed 32,000 pesos. This is why it helps to reduce existing debts before applying. If you want to see how BPI's rates compare with other lenders, check out our detailed BPI vs Security Bank vs Metrobank home loan rates comparison for 2026. All rates are subject to change — confirm the latest with BPI or your Nook advisor.

If you're looking to refinance your existing home loan to BPI — whether to get a lower interest rate or access your home equity — here are the additional documents and conditions you'll need to prepare:

Loan and Property Documents

Certified True Copy of the Transfer Certificate of Title (TCT) or CCT in your name
Latest Statement of Account (SOA) from your current lender showing outstanding balance
Proof of consistent amortization payments for the past 12 months (official receipts, passbook entries, or bank-certified payment history)
Tax Declaration for land and improvements
Real property tax receipts (updated)
Lot plan with vicinity map

Standard Personal and Income Documents

All the same income, ID, and personal documents required for a new purchase loan (as listed in the questions above)

Eligibility Conditions for Refinancing

The property title must be in the applicant's name (or to be transferred as part of the refinancing process)
The existing loan must have a satisfactory payment history — no significant delinquencies
BPI will conduct an independent appraisal of the property to determine current market value
Loan-to-value (LTV) ratio limits apply — typically up to 80% of the appraised property value

Refinancing through BPI can be a smart move if you're currently paying 7% or higher on your existing home loan. BPI's 5-year fixed rate of 6.50% p.a. (via Nook) could save you tens of thousands of pesos over the life of your loan. You can also explore how BPI's refinancing rates stack up against another popular option in our BPI vs RCBC home loan takeout rates comparison. Nook's refinancing service is completely free — we handle the paperwork and coordinate directly with BPI on your behalf.

Nook is the Philippines' first digital mortgage broker and a verified partner of BPI Family Savings Bank. When you apply through Nook, you get the full benefit of a dedicated mortgage advisor who knows BPI's requirements inside and out — without paying a single peso in broker fees. Here's how Nook helps:

Free document checklist and guidance: Your Nook advisor will tell you exactly which documents you need based on your employment type, property, and loan purpose — so nothing gets missed and the process moves faster
Pre-assessment before submission: Nook evaluates your profile — income, DTI, credit standing, and property — before formally submitting to BPI, reducing the risk of rejection
Direct bank coordination: Nook liaises directly with BPI on your behalf, following up on your application status, responding to bank queries, and keeping you informed every step of the way
Access to competitive rates: As a Nook partner, BPI offers preferred rates — including a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — which are among the most competitive available in the market today
Multiple bank options: Nook isn't limited to BPI. If another bank is a better fit for your situation, your advisor can recommend and facilitate applications to other partner banks as well
Typical approval timeline: BPI processes applications in approximately 52 days. Nook helps ensure your file is complete and accurate from day one to avoid unnecessary delays

Whether you're buying your first home, refinancing to save on interest, or unlocking your home equity, Nook makes the BPI housing loan application process simpler, faster, and completely free for borrowers. All rates and requirements are subject to change — your Nook advisor will always confirm the most current information before you apply.