BPI Housing Loan Requirements 2026: Complete Document Checklist for Applicants

To qualify for a BPI Family Savings Bank housing loan, you must meet the following basic eligibility criteria:

• Age: At least 21 years old at the time of application, and no older than 70 years old at loan maturity
• Citizenship: Filipino citizens are eligible. Foreign nationals married to Filipino citizens may also apply subject to additional requirements
• Employment status: BPI accepts applicants who are locally employed (private sector or government), self-employed, professionals, BPO workers, OFWs, and seafarers
• Credit standing: You must have a satisfactory credit history with no unresolved delinquencies or defaults
• Debt-to-income ratio: Your total monthly debt obligations — including the new housing loan — must not exceed 40% of your gross monthly income (DTI of up to 40%)

BPI housing loans can be used for a wide range of purposes including purchasing a ready-for-occupancy (RFO) property, pre-selling condominium units, refinancing an existing home loan, home equity (cash-out), renovation, new construction, or buying a resale property. Foreclosed property purchases are also eligible.

BPI Family Savings Bank requires a minimum gross monthly income of 40,000 pesos for housing loan applicants. This applies across all employment types — whether you're a salaried employee, a self-employed individual, a professional, or an OFW.

Keep in mind that income alone doesn't determine how much you can borrow. BPI uses a debt-to-income (DTI) ratio cap of 40%, meaning your total monthly debt payments — including the proposed housing loan amortisation — must not exceed 40% of your gross monthly income. For example, if you earn 80,000 pesos per month, your maximum allowable monthly debt obligations would be 32,000 pesos. If you already have a car loan or credit card balances, those will reduce the remaining capacity available for your housing loan amortisation.

For OFWs and seafarers, income documentation requirements differ (see the OFW section below), but the same 40,000 peso monthly income threshold applies. If a co-borrower is included in the application — such as a spouse — their income can be combined to meet the minimum and to qualify for a higher loan amount.

If you are employed in the private sector, a government agency, or in the BPO industry, you will need to prepare the following documents for your BPI housing loan application:

Personal identification:

• Two valid government-issued IDs (e.g., passport, driver's license, SSS ID, PhilHealth ID, Unified Multi-Purpose ID)

Proof of income:

• Latest one month payslip (or the last three months' payslips if income is variable or commission-based)
• Certificate of Employment (COE) with compensation, indicating tenure and position — must be issued within the last 30 days
• Income Tax Return (ITR) — BIR Form 2316 or BIR Form 1701 — for the most recent taxable year, stamped received by the BIR

Other standard requirements:

• Duly accomplished BPI housing loan application form
• Marriage certificate (if applicable) — issued by the Philippine Statistics Authority (PSA)
• Birth certificate — PSA-issued (may be required for dependents or co-borrower verification)

BPO employees follow the same checklist as private-sector employees. Government employees may be asked to provide an additional Service Record in lieu of or alongside the COE. All documents must be originals or certified true copies where applicable.

Self-employed individuals and professionals (doctors, lawyers, accountants, engineers, etc.) face a more document-intensive application process because income must be substantiated through business and financial records rather than payslips. Here is what BPI typically requires:

Personal identification:

• Two valid government-issued IDs

Business documents:

• DTI Certificate of Business Registration (for sole proprietors) or SEC Certificate of Incorporation and Articles of Incorporation/By-Laws (for corporations or partnerships)
• Mayor's Permit or Business Permit — current year
• List of trade references (suppliers and/or clients)

Financial documents:

• Audited Financial Statements (AFS) for the last two years, stamped received by the BIR — must be prepared by a licensed CPA
• Income Tax Return (ITR) — BIR Form 1701 or 1702 — for the last two years, stamped received by the BIR
• Latest six months' bank statements (savings or current account showing regular income deposits)

For professionals in practice:

• Professional Regulation Commission (PRC) ID
• Proof of professional income such as official receipts, billing statements, or a sworn declaration of income

The stronger and more consistent your financial records, the smoother your approval process will be. Gaps in ITR filings or inconsistent bank deposits are among the most common reasons for delays in self-employed applications.

BPI welcomes OFW and seafarer applicants and has streamlined requirements to accommodate overseas-based borrowers. However, because standard employment documents don't always apply, you will need to submit the following:

Personal identification:

• Two valid government-issued IDs including your Philippine passport (must be valid)
• Seaman's Book (for seafarers)

Proof of employment and income:

• Employment contract or crew contract — must be authenticated or apostilled if executed abroad
• Latest payslips or proof of remittance — at least three months
• Overseas Employment Certificate (OEC) from POEA (for land-based OFWs)
• Certificate of Employment from the manning agency or employer, with compensation details

Other documents:

• Special Power of Attorney (SPA) — required if the OFW cannot be present in the Philippines during processing. The SPA must be notarised and authenticated by the Philippine Consulate or apostilled in the country where it is executed
• Proof of local address in the Philippines (e.g., utility bill, barangay certificate)

If a co-borrower (such as a spouse) is based in the Philippines, their presence can simplify the process significantly — they can act under the SPA and attend any required bank appointments on behalf of the OFW applicant.

If you are refinancing an existing home loan with another bank and moving it to BPI, the requirements include everything in the standard personal and income documents checklist above, plus the following loan and property-specific documents:

Existing loan documents:

• Latest Statement of Account from your current lender showing the outstanding balance
• Loan payment history or Official Receipts of at least 12 months of payments (to demonstrate good standing)
• Original Mortgage Redemption Insurance (MRI) policy if applicable

Property documents (see also Question 7):

• Certified true copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Tax Declaration and latest Real Property Tax receipt
• Location plan and vicinity map

For refinancing, BPI will conduct an independent appraisal of the property. The loan-to-value (LTV) ratio — meaning how much you can borrow relative to the appraised value — will influence your final approved amount. BPI typically lends up to 80% of the appraised value for refinancing transactions.

Refinancing with BPI can be a smart move if you're currently paying 7% or higher on your existing loan. With BPI's 5-year fixed rate at 6.50% p.a., many borrowers can significantly reduce their monthly amortisation. You can also compare options in our BPI vs RCBC home loan takeout rates comparison to see how BPI stacks up against another popular refinancing destination.

Regardless of whether you are buying, refinancing, or applying for a home equity loan, BPI will require a complete set of property documents. These typically include:

Title and ownership documents:

• Certified True Copy (CTC) of the Transfer Certificate of Title (TCT) — for house and lot purchases — or Condominium Certificate of Title (CCT) — for condo units — issued by the Registry of Deeds
• For pre-selling properties: Contract to Sell from the developer and a copy of the master title or License to Sell

Tax and valuation documents:

• Current Tax Declaration for land and improvements
• Latest Real Property Tax (RPT) Official Receipt showing taxes are paid and up to date

Location and survey documents:

• Vicinity map showing the location of the property
• Lot plan certified by a licensed geodetic engineer (for house and lot)
• Floor plan (for condominium units or new construction)

For new construction or renovation loans:

• Building plans approved by the local government unit (LGU)
• Bill of materials and construction cost estimate
• Building permit

Note that BPI will arrange and pay for its own property appraisal. The appraised value — not the purchase price or declared value — will be the basis for computing your maximum loanable amount.

BPI Family Savings Bank offers flexible loan amounts and repayment terms to suit different borrowers and property types:

• Minimum loan amount: Typically 300,000 pesos, though in practice most approved housing loans start at around 500,000 pesos
• Maximum loan amount: Up to 80% of the appraised value of the property (or purchase price, whichever is lower) for most loan purposes. For home equity loans, the LTV may be lower depending on existing encumbrances
• Loan term: Up to 20 years for most housing loan purposes. Terms of 5, 10, 15, and 20 years are commonly offered

Your approved loan amount will ultimately be determined by the lower of: (1) 80% of the appraised or purchase price, and (2) the amount your income can support under the 40% DTI cap. For example, if your gross monthly income is 100,000 pesos, your maximum monthly debt obligations including the new loan cannot exceed 40,000 pesos. If you already pay 10,000 pesos per month on other debts, BPI can approve a loan with a monthly amortisation of up to 30,000 pesos.

Using a rough estimate, a 30,000 peso monthly amortisation at a 6.50% interest rate over 20 years would support a loan of approximately 3,900,000 to 4,000,000 pesos. Nook can provide a precise calculation based on your specific income, existing obligations, and target property.

BPI Family Savings Bank currently offers the following housing loan interest rates through Nook:

• 1-Year Fixed Rate: 6.70% per annum
• 5-Year Fixed Rate: 6.50% per annum
• Home Equity Loan Rate: 6.70% per annum

These are fixed rates, meaning your interest rate — and therefore your monthly amortisation — stays the same for the duration of the fixed period. After the fixed period expires, the rate will reprice based on prevailing market rates at that time. Most borrowers in the Philippines currently pay between 7% and 10% on their existing home loans, which means refinancing to BPI's 5-year fixed rate of 6.50% can result in meaningful monthly savings.

To put that in context: on a 3,000,000 peso loan over 20 years, the difference between a 9% rate and a 6.50% rate is approximately 4,000 to 4,500 pesos per month — or over 50,000 pesos per year in savings. If you're weighing BPI against other lenders, our BPI vs Landbank home loan rates comparison provides a side-by-side breakdown. Please note that interest rates are subject to change — always verify the latest rates directly with the bank or through Nook before making a decision.

Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. Here's what that means for your BPI housing loan application:

• Document guidance: Nook will walk you through exactly which documents you need based on your employment type, loan purpose, and property details — so you don't waste time submitting incomplete requirements
• Pre-qualification: Before you formally apply, Nook can assess your income, existing debts, and target loan amount to give you a realistic picture of what BPI is likely to approve
• Application submission: Nook submits your application directly to BPI on your behalf, saving you multiple branch visits and follow-up calls
• Rate comparison: Because Nook works with multiple partner banks — not just BPI — we can objectively tell you whether BPI's rate and terms are the best available for your profile, or whether another lender might offer you a better deal
• End-to-end support: From initial assessment through to loan release, Nook's team is with you every step of the way

There are no hidden fees, no commissions charged to you, and no obligation. Banks pay Nook a referral fee directly — your loan terms are not affected. To get started, simply submit your details through nook.com.ph and a mortgage specialist will reach out within one business day.