Housing Loan interest rates in the Philippines

The battle for low housing loan rates in the Philippines is on. In the previous months, we’ve seen a variety of advertisements by local banks aggressively promoting their discounted home loan rates.

Here is a list of housing loan rates offered by Philippine banks.

(Update October 2014: Compare New Housing Loan Interest Rates in the Philippines)

Home Loan Interest Rates in the Philippines (as of June 2011)


* BPI FB – promo rates of BPI Family Savings Bank, valid until June 30, 2011
** BPI FB – published interest rates of BPI and BPI Family Savings Bank, before the promo period
*** Promo rate of Robinsons Bank, valid until June 30, 2011; no other fixed interest rates published for longer years

It’s good to see banks fighting it out by driving down interest rates.

Customers, however, must be wary of the terms and conditions of the housing loan agreement because the rates offered are usually just promo rates that are subject to repricing after a certain period.

Repricing means the housing loan can have a new interest rate charged to it after a certain period. A one-year repricing option, for example, means that at the end of the first year, a new interest rate may be charged on the loan. Usually the new interest rate to be charged is higher than the original interest rate.

Just a tip: Don’t be lured by ultra-low housing loan interest rates that are subject to annual repricing. Choose that only if you believe the market will continue to have low interest rates in the next few years.

But if you’re not sure about the interest rate and you’re also not ready for higher monthly payments, better to lock in a relatively higher interest rate for a longer period of time so you can have peace of mind as regards your monthly amortization in the coming years.

(Update October 2014: Compare New Housing Loan Interest Rates in the Philippines)

Source: Inquiries with Philippine banks

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20 thoughts on “Housing Loan interest rates in the Philippines”

  1. I think this is very helpful information.I now learn about the interests of banks in housing loans.thank you so much.

  2. Thanks for this info, very informative. If you want to check some of the best deals in real estate, you can go to: http://primecebuestates.blogspot.com/

  3. i went to HSBC a few days ago to inquire about their home loan rates and learned about their 5.75% rate for the first year. after the first year, the rate will be variable based on the “board” or the prevailing interest rate. However I am wondering how this is tied to the BSP lending rates (if it is indeed the BSP lending rates it is based on, am i correct?)

    for example if the interest rate rises to 7% next year, when my loan gets repriced, will I get exactly the same rate as the BSP lending rate (7%) or may patong pa na dinadagdag yung HSBC over the BSP rate?

    thanks for any info you can give!

  4. Obtaining a Housing Property is often a pretty major financial commitment on the individual front. Appealing and aggressive home loan schemes coupled with tax incentives has produced it less complicated for younger persons to invest in housing properties. Obtaining a Housing property and financing it by way of home loan has lots of positive aspects; having said that it calls for a specific quantity of financial preparing on the individual’s portion so as to make the process less complicated all through the quick loan tenure. Just before picking out the home loan you could compare online home loan Interest Rates and also check eligibility for Home loan by way of Home Loan Eligibility Calculator.

  5. This is indeed very helpful. Can you post again an update. This was lat year’s data and might have already change. 

  6. Sir, if you can provided updated date for 2012 list of interest rate for Home loan Philippines, this was really a big help in deciding which bank we will push through, thanks and regards,

  7. I have a current loan with bank A. Can I have a loan from bank B who offers lower interest rate to pay-up my loan with bank A?

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