The BPInoy Seafarer's Home Loan Program was especially packaged by BPI
Direct in partnership with its accredited Manning Agency clients for qualified
seafarers and employees. Through this Program, you are assured of low interest
rates, easy-on-the pocket loan amortization, speedy loan processing and
worry-free loan payment even during off-board months. We even tied-up with
accredited real estate developers to make available properties that are of the
highest quality, yet very affordable.
PRE-PROCESSING
A. Housing
Loan Information
• Duly accomplished Application Form
B. Income
Documents
Seafarer
• POEA-authenticated contract with accredited Manning Agency
Office Personnel
• Certificate of Employment from the Manning Agency indicating annual
salary and position
C. Collateral
Documents
For Accredited Real Estate Developer
- No need to submit any document
For Construction
1. Building plans and specification
2. Bill of materials and scope of work
1. Official receipt of payment for the last six months or Bank
Statements of deposit account where
amortization was debited.
2. Statement of Account from
other banks showing loan outstanding balance.
D.
Processing Fees
POST APPROVAL
+Original Owner's Copy of TCT/CCT
+Certified True Copy of the latest Realty Tax Declaration on land and
improvements under the name of the borrower/mortgagor
Real Estate Tax Clearance
+Photocopy of latest Community Tax Certificate
+Health Declaration Form for MRI enrollment with Ayala Life
+Medical Examination with Ayala Life, if applicable
+Fire/Lightning/Earthquake insurance coverage through BPI/MS, if
applicable
+Opening of Deposit Account with BPI Direct Savings Bank
+Four copies of Special Power of Attorney, if applicable
FEES
1.Mortgage Registration Fees
2. Mortgage Redemption Insurance Premium
3. Fire/Lightning/Earthquake Insurance Premium
To know more about this loan, simply log on to www.bpidirect.com and
choose Learn More under Loans. You may also call BPI Express Phone 89-100.
