Getting Your House Loan from BDO

What is a House Loan?

A house loan, also known as a mortgage, is a loan taken out to purchase a house or real estate property. This type of loan is secured against the value of the house, meaning that if the borrower fails to pay the loan back, the lender can take possession of the house in order to recover the amount it has lent.

Why Choose BDO for Your House Loan?

BDO is one of the leading banks in the Philippines and is trusted by millions of Filipinos. With BDO, you can get a house loan that best fits your needs. BDO offers competitive interest rates, flexible payment terms, and low down payment requirements so you can have the house you have always dreamed of.

The Process of Applying for a House Loan from BDO

Applying for a house loan from BDO is easy and straight-forward. First, you need to gather all the documents required for the loan application, such as your valid ID, proof of income, and proof of residence. Then, you can go to a BDO branch to apply for the loan. The bank will then evaluate your application and inform you if you are eligible for the loan.

Required Documents

The following documents are required when applying for a house loan from BDO:

• Valid ID
• Proof of income
• Proof of residence
• Property details
• Bank account information

Interest Rates and Payment Terms

BDO offers competitive interest rates and flexible payment terms for house loans. The interest rate depends on the amount of the loan, the length of the loan term, and other factors. The payment terms can range from 6 months to 60 months, depending on the loan amount and the borrower’s financial situation.

Conclusion

Getting a house loan from BDO is a great way to purchase a house or real estate property. BDO offers competitive interest rates, flexible payment terms, and low down payment requirements so you can have the house you have always dreamed of. So if you’re looking to purchase a house, consider applying for a house loan from BDO.