Which bank offers the cheapest housing loan product in the Philippines?
Check out our table below for a comparative summary showing the interest rates charged by banks for home loans in the Philippines. The rates provided below are for a P1 million housing loan payable in 10 years.
Writer William Arthur Ward has this simple but extremely useful quote about money habits: “Before you spend, earn. Before you invest, investigate. Before you retire, save. Before you die, give.”
This essentially captures the correct money mindset everyone should have.
There’s a good quote by writer William Arthur Ward about money habits: “Before you spend, earn. Before you invest, investigate. Before you retire, save. Before you die, give.”
This simple yet meaningful quote essentially captures the correct money mindset everyone should have.
On July 18, 2014, President Benigno Aquino III signed into law Republic Act 10641, allowing more participation of foreign banks in the Philippine banking industry.
RA 10641 (“An Act Allowing the Full Entry of Foreign Banks in the Philippines”) amends the 20-year old Republic Act 7721 (“An Act Liberalizing the Entry and Scope of Operations of Foreign Banks in the Philippines”) to effectively liberalize further the domestic banking sector.
Banco de Oro (BDO), the Philippines’ largest bank in terms of assets and deposit base, has announced that it is acquiring the local trust business of German financial services company Deutsche Bank.
In a disclosure submitted to the Philippine Stock Exchange, BDO said the deal covers the trust, fiduciary and investment management activities of Deustche Bank AG Manila branch.
An article entitled “HSBC Bank on Verge of Collapse: Second Major Banking Crash Imminent” is currently making its rounds on social media, causing several people to panic and leading some users to ask whether they should start withdrawing their money from HSBC.
In our original article ATM Withdrawal Fees and Balance Inquiry Charges by Philippine Banks, we lamented that gone were the days when we can simply use our ATMs without paying any service charge.
These days, it seems the ATM is not anymore a free benefit given to bank customers. Indeed most, if not all, banks now charge clients whenever they use ATMs.
Looking for the best housing loan deal in the Philippines? We are, too, that’s why we are always on the lookout for the best available home loan offers and promos by banks in the Philippines.
In 2011, we wrote about the Home Loan Interest Rates offered by several Philippine banks. In 2012, we talked about two banks that offered low 1-year housing loan rate of 7.50 to 7.75% (see 2012 BPI housing loan promo and 2012 BDO home loan promo).
We continuously keep an eye on the best housing loan deals and, recently, we saw one offered by Banco de Oro (BDO).
