Built for pre-selling condos and houses. See your monthly DP during construction, then your bank takeout amortization after turnover. Compare BDO, BPI, RCBC & PNB — apply through PropertEase.
Typically ₱10,000–₱50,000 depending on developer. Deducted from down payment.
Custom: % = ₱500,000
Spread your down payment across the pre-selling period before bank takeout.
Rate is locked during this period then repriced. Longer = more stability.
💡 PropertEase Tip: For pre-selling, choose a longer DP period to keep monthly DP low during construction — then apply for the bank loan 3–6 months before your turnover date. We'll guide you through the whole process for free.
📋 Phase 1 — During Construction
Total Contract Price
₱5,000,000
Reservation Fee
₱20,000
Total Down Payment
₱500,000 (10%)
Balance After Resv.
₱480,000
Monthly DP Installment
₱—
for — months
🏦 Phase 2 — After Turnover (Bank Takeout)
Bank Loan Amount
₱4,500,000
Loan Term
15 years
Best Available Monthly Amortization
₱—
calculating…
Min. Gross Monthly Income Required
Banks require: amortization ≤ 30% of gross income
₱—
What's included in this estimate?
Monthly DP installment (Phase 1)
Bank amortization: principal + interest (Phase 2)
Bank Comparison
— 1-Year Fixed Rate
Bank Details & Rates
Minimum Loan
₱500,000
Max Loan-to-Value
Up to 80% of appraised value
Maximum Loan Term
20 years
Min. Gross Income
₱40,000/month
Borrower Age
21–70 yrs (at loan end)
Processing Fee
₱6,000 (non-refundable)
Interest Rate Table
Fixed Period
Annual Rate
Monthly (₱4M · 15yr)
1 year
7.00%
—
2 years
7.25%
—
3 years
7.50%
—
5 years
8.00%
—
10 years
8.50%
—
* Indicative rates as of Q1 2026. Verify with BDO before applying.
Minimum Loan
₱400,000
Max Loan-to-Value
Up to 80% of appraised value
Maximum Loan Term
20 years
Min. Gross Income
₱40,000/month
Borrower Age
21–65 yrs (at loan end)
Processing Fee
₱6,000 (non-refundable)
Interest Rate Table
Fixed Period
Annual Rate
Monthly (₱4M · 15yr)
1 year
7.00%
—
2 years
7.25%
—
3 years
7.50%
—
5 years
7.99%
—
10 years
8.25%
—
15 years
8.75%
—
20 years
9.25%
—
* Indicative rates as of Q1 2026. Verify with BPI before applying.
Minimum Loan
₱300,000
Max Loan-to-Value
Up to 80% of appraised value
Maximum Loan Term
20 years
Min. Gross Income
₱30,000/month
Borrower Age
21–65 yrs (at loan end)
Processing Fee
₱5,000 (non-refundable)
Interest Rate Table
Fixed Period
Annual Rate
Monthly (₱4M · 15yr)
1 year
7.25%
—
2 years
7.50%
—
3 years
7.88%
—
5 years
8.38%
—
10 years
9.00%
—
* Indicative rates as of Q1 2026. Verify with RCBC before applying.
Minimum Loan
₱500,000
Max Loan-to-Value
Up to 80% of appraised value
Maximum Loan Term
20 years
Min. Gross Income
₱30,000/month
Borrower Age
21–70 yrs (at loan end)
Processing Fee
₱5,000 (non-refundable)
Interest Rate Table
Fixed Period
Annual Rate
Monthly (₱4M · 15yr)
1 year
6.75%
—
2 years
7.00%
—
3 years
7.25%
—
5 years
7.88%
—
10 years
8.25%
—
* Indicative rates as of Q1 2026. Verify with PNB before applying.
Frequently Asked Questions
Pre-selling means buying a condo or house before it's built — you reserve it at today's price while it's still under construction. Payment is typically split into: Reservation Fee → Down Payment installments (during construction) → Bank Takeout (after turnover).
Ready-for-Occupancy (RFO) means the unit is already built and you can move in immediately — bank financing is released directly without a construction period.
A reservation fee (typically ₱10,000–₱50,000) secures your unit and locks in the price. It is generally non-refundable once you sign the reservation agreement. It is deducted from your total down payment. Always read the reservation agreement carefully before paying.
A bank takeout is when the bank releases the loan proceeds to the developer after the unit is turned over to you. This marks the start of your monthly amortization to the bank. You apply for the bank loan 3–6 months before your expected turnover date so approval is ready in time.
You should start your bank loan application 3–6 months before your projected turnover date. Applying too early is risky because banks want the collateral (the unit) to be near-complete. PropertEase monitors your project timeline and alerts you when it's the right time to apply.
Construction delays are common in the Philippines. If your turnover is delayed, your bank loan application may need to be updated or refiled. Your DP installment period may also be extended. The Maceda Law (R.A. 6552) protects buyers who have paid at least 2 years of installments — you are entitled to a refund of 50–90% of payments made if you cancel due to developer breach. Always document all communications with the developer.
Banks typically lend up to 80% of the appraised value of the property (Loan-to-Value ratio). If a property is appraised at ₱5M, the maximum loan is ₱4M and you need at least ₱1M as down payment. Some banks offer up to 90% LTV for qualified borrowers.
The standard minimum is 20% of the appraised value. Some banks and developers allow 10% down, but this increases your loan amount and monthly payment. A higher down payment reduces your monthly amortization and total interest paid.
A fixed rate period is the number of years your interest rate is locked and guaranteed — it won't increase regardless of market movements. After the fixed period ends, your rate is repriced (usually every year) based on the bank's prevailing rates at that time.
Your loan automatically reprices to the bank's prevailing rate. This can go up or down depending on BSP benchmark rates. Banks notify you in advance (usually 30–60 days). You can often negotiate your new rate, or refinance with another bank if you find a better deal.
Yes, you can pay off your loan early. However, most banks charge a pre-termination penalty of 3–5% of the outstanding balance if paid within the first 3 years. After 3 years, most banks allow full pre-payment with no penalty. Always check your loan agreement for specific terms.
MRI (Mortgage Redemption Insurance) — ~0.20–0.30% per year
Fire insurance — annual premium based on property value
Transfer Tax — 0.5–0.75% of property value (buyer pays)
Title transfer fees — varies by Registry of Deeds
MRI is a life insurance policy tied to your home loan. If you pass away or become permanently disabled before the loan is paid off, MRI pays the outstanding balance to the bank — so your family keeps the home. It is mandatory for all bank home loans in the Philippines. The premium is typically added to your monthly amortization or billed annually.
Yes. All mortgaged properties must have fire insurance for the duration of the loan. The bank is named as beneficiary. The annual premium depends on the construction cost/appraised value of the structure — typically ₱3,000–₱10,000/year for a standard residential property.
Bank approval typically takes 5–15 banking days from complete document submission. Pre-approval or in-principle approval can be issued faster (2–5 days). Actual loan release after approval may take another 3–7 days. Working with a broker like Patrick can help you submit complete documents the first time and avoid delays.
Most banks offer a maximum term of 20 years. The actual term granted depends on your age — the loan must be fully paid by the time you reach the bank's maximum borrower age (65–70 years). A longer term means lower monthly payments but significantly more total interest paid.
Yes! All major banks — BDO, BPI, RCBC, and PNB — accept OFW applicants. Additional requirements include:
POEA-certified employment contract
Proof of remittance (last 6 months)
SPA (Special Power of Attorney) for a local representative who can process the loan on your behalf
Overseas bank statements
PropertEase specializes in helping OFW clients — we can coordinate everything remotely.
A co-borrower shares the loan obligation with you. Banks often require one if your individual income is insufficient to qualify for the loan amount you need. Common co-borrowers are a spouse, parent, or sibling. The co-borrower's income is combined with yours to increase your loanable amount. Both parties share equal responsibility for the debt.
Yes. Most banks allow additional principal payments (partial prepayments) anytime. These reduce your outstanding balance faster and save you interest. Some banks require a minimum prepayment amount (e.g., equivalent to 3 monthly payments). There is generally no penalty for partial prepayments — only full pre-termination within the penalty period is charged.
Yes. Refinancing means transferring your existing loan to another bank that offers a lower rate. This is most beneficial after your fixed period ends and rates are repriced. You'll need to go through a new application process and pay some transfer fees. PropertEase can help you compare your current rate with market offers and determine if refinancing makes sense for you.
Missing a payment incurs a penalty fee (typically 3–5% of the missed installment per month). Repeated missed payments can lead to:
Negative credit record with the Credit Information Corporation (CIC)
Always contact your bank immediately if you anticipate payment difficulties — banks can sometimes arrange restructuring or grace periods.
In-house financing (from the developer) — faster approval, no extensive documents, but typically higher interest rates (8–18%) and shorter terms (up to 10 years).
Bank financing — lower interest rates, longer terms (up to 20 years), but requires complete documentation and stricter qualification. Best for buyers with stable employment and good credit.
For most buyers, bank financing is the better long-term choice. PropertEase can help you determine which is right for your situation.
As a general rule, your monthly amortization should not exceed 30–35% of your gross monthly income. So for a monthly payment of ₱30,000, you'd need a gross income of at least ₱85,000–₱100,000/month. Banks also look at your existing financial obligations (car loans, credit cards) which reduce your qualifying capacity.
Standard home purchase loans do not include renovation. However, some banks offer a Home Improvement Loan as a separate facility (BDO, BPI). Alternatively, some banks can include renovation costs in the total appraised value for new construction. Ask PropertEase about the best approach for your specific property.
Banks determine your loanable amount based on two caps, and take the lower:
Income-based: Monthly amortization ≤ 30–35% of gross monthly income
Collateral-based: Loan amount ≤ 80% of appraised property value
They also factor in existing debts (debt-to-income ratio), credit history, employment stability, and age.
As a licensed real estate brokerage with partner bank relationships, PropertEase:
Helps you compare all banks and select the best rate for your profile
Reviews your documents before submission to avoid delays
Coordinates with the bank on your behalf throughout the process
Assists with negotiating rates (especially for large loan amounts)
Guides you on which bank best fits your income type (employed, self-employed, OFW)
Our service is free — banks pay broker referral fees, not the buyer
Apply Your Home Loan Through PropertEase
PropertEase is a licensed real estate brokerage partnered with BDO, BPI, RCBC, and PNB. We assist you through every step — from choosing the right bank to document prep, application, and loan release. Free service for all buyers.
⚠️ Interest rates shown are indicative as of Q1 2026 and subject to change without notice. Monthly amortization estimates are for reference only and do not include MRI, fire insurance, or other bank fees. Consult us for your official bank quote.