Discover a chance to explore and evaluate precise mortgage options. Use the calculator below to determine your ideal loan and submit your application at no cost!

Example Fixed Term 1 Year

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How can I be eligible for a mortgage in the Philippines?

Age criteria

Applicants must be from 21 to 64 years old

Income Requirements

Meeting the specific income criteria is essential, as the minimum gross annual income varies based on the lender's policies.

Employment Status

Applicants should have a job with a monthly stable income in order to repay the loan.


Eligible applicants should either be Filipino residents or local resident foreigners with a valid Philippine billing address.

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Required documents

  • Government-issued ID
  • Optional documents: Proof of income (Payslip, bank statement)
  • An employment contract

Have mobile phone number

Hold a valid TIN, SSS, GSIS, or UMID number in order to verify your identity and financial condition.

Discover a mortgage tailored to your
needs in just a few easy steps!


Compare mortgage options

Simplify your mortgage search by using Finmerkado to compare various loan options from different providers and products.


Choose your ideal match

Review the eligibility criteria for a mortgage. Select the loan that aligns with your preferences and needs.


Apply online

Complete the mortgage application form provided by your chosen lender. Make sure to provide accurate and up-to-date information.


Complete your application

Provide essential information such as your age, income, employment, and desired loan amount.


Wait for disbursement and repay on time

If your application is approved, expect notification, and wait for your disbursement. Remember to repay on time.

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Housing loan

Owning a home is the driving force and goal of many Filipinos. However, buying or renovating a house is not that simple. While some people are fortunate to enjoy the support of their families, there are a lot of Filippinos faces considerable challenges to make money to buy a house, due to rising real estate prices in the Philippines as well as construction or repair costs. Understanding this, many people have sought the solution of taking out a home loan. These loans are tailored for those who want to buy a new home or focus on home improvement, offering good terms and conditions, along with interest rates that align with their financial situations. Let's find out specifically what a home loan is, and which banks offer the best home loans in the Philippines.

What are home loans?

Home loan is a loan that serves as a financial welfare to help individuals and families buy or improve a house. These loans facilitate the acquisition of a new residence, building a new one or renovating an existing property. The basic principle behind a home loan is simple: a financial institution extends the necessary funds, and you repay the loan over a specified period of time. Of course, this often goes with interest rates.

To consider home loan, you need to take into account these following factors:

General conditions for home loans

  • Age criteria: Applicants must be from 21 to 64 years old
  • Employment status: Applicants should have a job with a monthly stable income in order to repay the loan.
  • Residency: Eligible applicants should either be Filipino residents or local resident foreigners with a valid Philippine billing address.
  • Required documents: 
  • Government-issued ID
  • Optional documents: Proof of income (Payslip, bank statement); An employment contract
  • Have a mobile phone number

Financial capacity requirements for home loan

Each bank in the Philippines will have different requirements for borrowers to apply for a home loan. Documents may include proof of financial ability (payroll, payslip, bank statement, monthly income), collateral, good credit score. In addition, most banks require borrowers to pay a down payment of the house value, so you need to prepare carefully before deciding to borrow to buy a house.

Interest rates and repayment terms 

Home loan interest rates in the Philippines are influenced by a multitude of factors and may not be fixed. If the borrower has a good credit score, or the bank is applying cyclical incentives, or perhaps the prevailing market condition, the interest rate may be more favorable than usual. In addition, due to the nature of a home loan, the loan terms often span a significant duration, typically ranging from 5 to 30 years.

Which bank is best for home loans?

In order to serve the needs of Filippinos, many banks in the Philippines have offered home loans with attractive interest rates, loan terms and benefits. Among them, there are a few typical names that are highly appreciated by Filipinos.


  • Minimum amount: PHP 300,000
  • Interest rate: 6.88% - 11% 
  • Loan term: Up to 20 years

Security Bank

  • Minimum amount: PHP 1 million 
  • Maximum loan amount: 90% of the property’s value that could up to PHP 10 million
  • Interest rates: 6.25%
  • Loan term: Up to 25 years


  • Minimum amount: PHP 500,000
  • Maximum amount: Up to 80% of the property’s value
  • Interest rate: From 7.75% to 8.75% 
  • Loan term: Up to 25 years

How does home improvement loans work?

All objects will depreciate over time, and so will the house. Recognizing this inevitable truth, many banks in the Philippines have introduced home improvement loans with the purpose of allowing borrowers to secure funds for repairing, improving or renovating homes affected by natural disasters. Similar to home loans, home improvement loans require an application, identification documents and the demonstration of financial capability for repayment, however, it has a shorter loan term of up to 5 years and the interest rate does not fluctuate too much.