Question 1

What is the current home loan interest rate in the Philippines?

Accepted Answer

As of 2025, Philippine bank mortgage rates typically range from 6.25% to 7.5% per annum for fixed-rate periods. BDO offers around 6.5%, BPI around 6.75%, and Metrobank around 7.0%. Rates vary depending on loan term, amount, and borrower profile.

Question 2

Can foreigners get a home loan in the Philippines?

Accepted Answer

Some Philippine banks do offer mortgage loans to foreign nationals for condominium purchases, including BDO, BPI, and RCBC Savings Bank. Requirements typically include proof of income, valid visa, and compliance with the 40% foreign ownership quota. Loan-to-value (LTV) ratios for foreigners may be lower (60–70% vs 80% for Filipinos).

Question 3

What is the maximum loan term for property in the Philippines?

Accepted Answer

Most major Philippine banks offer home loan terms of up to 20 years for condominium purchases. The maximum term is generally 20 years for BDO, BPI, and Metrobank, while smaller banks may cap at 15 years. Shorter terms result in higher monthly payments but less total interest paid.

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Philippine Bank Rates 2025

BDO Unibank

BPI (Bank of Philippine Islands)

Metrobank

Security Bank

RCBC Savings Bank

EastWest Bank