Housing Loan Step Up Payment Solution

A payment solution that allows you to plan and control your loan payments every year.

Offer highlights

Affordable

Loan payments will start at the lowest value on the first year and slowly increases in the following years.

Convenient

Your BPI account will automatically be enrolled via an automatic debit arrangement to make your monthly payments convenient.

Low downpayment

A minimum of 10% downpayment is required (subject to property type).

Offer mechanics

On the first year of your Step Up PayPlan, the amount of the monthly loan payment is going to be significantly lower than the monthly amortization of a regular Housing Loan.

From year 2 onwards, the amount of your monthly loan payment will start to increase by small steps. Your monthly installment will increase by only 5-10% every year, so you are assured that the yearly step up of your Housing loan payments will stay affordable in the coming years.

Sample Computation

1. Do you need the lowest monthly cash-out at the start of your housing loan?

• Choose our fixed rate period of 5 years to take advantage of the smallest amount of monthly payment during the early years of your loan.
• In the sample payment plan below, the monthly payment on Year 1 of a Step Up PayPlan is at Php 24,056, which is 30% Less Than the regular loan amortization of Php 35,220.
• After the first 5 years of your housing loan, the interest rate for the remaining loan balance will be renewed (based on the prevailing market price). In this illustration, the monthly payment on Year 6 will step up to Php 45,922.

Loan Amount: Php 3,000,000
Loan Term: 10 Years
Interest Rate Lock-In Period: 5 Years
Interest Rate: 7.25%

Term	Regular Housing Loan	Step Up PayPlan
Year 1	35,220	24,056
Year 2	35,220	26,462
Year 3	35,220	29,108
Year 4	35,220	32,018
Year 5	35,220	35,220
Year 6 Assumed at a renewed rate of 8.88%	36,601	45,922

2. Do you need a slow and steady step up of the payments from the start of the loan up until the end of the loan term?

• Our fixed rate period of 10 years is the best match for a more gradual and steady increase of your monthly payments each year.
• Starting year 1 all the way up to the end of the loan term, your loan payment plan for the entire 10 years will be locked-in so that you are assured of how much you will pay for the entire duration of the loan.

Loan Amount: Php 3,000,000
Loan Term: 10 years
Interest Rate Lock-in Period: 10 years
Interest Rate: 8.50%

Term	Regular Housing Loan	Step Up PayPlan
Year 1	37,196	30,601
Year 2	37,196	32,131
Year 3	37,196	33,738
Year 4	37,196	35,424
Year 5	37,196	37,196
Year 6	37,196	39,055
Year 7	37,196	41,008
Year 8	37,196	43,059
Year 9	37,196	45,212
Year 10	37,196	47,308

Terms and Conditions

1. Step Up PayPlan is available to individual applicants (For Home Acquisition).

2. The client can avail a minimum loan term of 10 years and choose to lock in their interest rate for 3, 5, or 10 years.

3. The minimum down payment is 10% (subject to property type) with a minimum loan amount of Php 1,000,000.

4. The client can easily pay their loan via Auto Debit Arrangement.How to apply

How to apply

Branch

1. Go to any BPI branch.
2. Completely fill out the application form.
3. Submit the requirements. Your application will be reviewed and processed.
4. If your application is approved, you will receive an SMS notification and will be asked to visit the branch or a Loans Business Center.
5. Sign the loan documents.

Online

1. Completely fill out our Housing Loan online application form.
2. Submit the requirements. Your application will be reviewed and processed.
3. If your application is approved, you will receive an SMS notification and will be asked to visit the branch or a Loans Business Center.
4. Sign the loan documents.

Regular Housing Loan vs. Step Up PayPlan

Specifics	Regular Housing Loan	Step Up PayPlan
Amount of monthly Payment/ Amortization	Fixed equal monthly payments for the duration of the loan term. No annual price increase (unless your loan is due for repricing)	Amount of monthly payment varies every year, starting with the smallest value on the first year, and lightly steps up on each succeeding year
Product Benefit	Budget your monthly expenses ahead of time and set aside the same fixed amount from start to end of your loan term	Plan and control how much you pay each year so you can free up your funds for new opportunities or other expenses or personal milestones
Loan Purpose	Home Acquisition Home Construction Home Renovation	Home Acquisition
Term of Duration of Loan	Choosed between a short or long loan term, from 1 year up to 20 years	Minimum 10 Years
Available Period for Fixed Interest Rate	With option to fix the interest rate of the loan from as short as 1 year, up to 20 years	Choose to lock in your interest rate for 3 years, 5 years, or 10 years
Price	Same as published interest rate