BPI Housing Loan – special rates promo

by

I’m currently browsing the web and talking to various bank managers to get more information necessary to update our 2011 article on Housing Loan interest rates in the Philippines. I want to come up with a comprehensive list of interest rates for housing loans in the Philippines for the year 2012.

Since I don’t have the complete information yet, I’ll just post what I got from each individual bank regarding their housing loan offerings. I was recently informed by a branch manager of the Bank of the Philippine Islands (BPI) that they are offering low interest rates in celebration of the bank’s 161st anniversary. Here are the details.

BPI Special Rates Promo

From August 8 until September 30, 2012, BPI is again bringing back their special promo interest rates for housing loans. For consumers to be able to avail of the promo rates, loans must be booked no later than September 30, 2012.

In 2011, through their affiliate BPI Family Savings Bank, BPI offered cheap housing loan rates in an attempt to compete with other banks that are aggressively marketing their home loan offerings.

Last year, BPI offered 5.50% fixed for the first year with annual repricing. The fixed rate for 5 years was 8.75% while the 10-year fixed rate was 10.00%. The comparative table of housing loan rates in 2011 can be found here.

2012 BPI Housing Loan Interest Rates Promo

This year, BPI tries to compete again with the low housing loan rates of other banks by offering the following special promo rates for 2012:

  • 7.50% fixed for 5 years; and
  • 8.50% fixed for 7 years

The BPI website is silent, however, as regards interest rates for longer loan duration.

Simply drop by any BPI or BPI Family Savings Bank branch to inquire. You may also call them at (02) 845-6888. Do note that the promo is only until September 30, 2012.

Regular BPI Housing Loan Interest Rates

The special promo rates are indeed a lot cheaper than the regular loan rates offered by BPI. As per the official website, BPI’s regular housing loan rates are as follows.

[TABLE=156]

We constantly update our articles regarding housing loan rates in the Philippines. If you want to keep updated, subscribe to our RSS feed or leave your email address below.

About the Author

James Ryan Jonas teaches business strategy, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.1 Billion ($56 Million) worth of retirement funds on behalf of thousands of UP employees.

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

2 thoughts on “BPI Housing Loan – special rates promo”

  2. Good – I will certainly pronounce, impressed along with website. Used to do no trouble navigating through all tabs along with related information got truly easy to try to succeed in. Lengthy ago i found several expected shortly whatsoever. Reasonably unusual. Probably love if you happen to add forums or anything, site theme . a tones technique your customer to talk. Nice task..

    Reply

Leave a Comment

Pinoy Money Talk

We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities.

Follow Us on fb

© 2022 Pinoy Money Talk

About Terms of Service & Privacy Policy