Log out

You’re logging out from your Ohmyhome account. Continue?

Chat With Us


Are you dreaming of finally owning your own home in 2024? With the right Philippine home financing, your dream can become a reality.

I understand that saving enough money can be challenging, so opting for one of those 2024 home loans in the Philippines is a smart move. Banks provide flexible programs, making home buying more attainable for every budget.

When applying, first check the loan terms to determine the duration over which you’ll be paying for the house or condo. Longer terms generally result in smaller monthly payments but higher overall costs.

Home buying Tips | Financing could be this easy!

Home Loan Terms and Amounts

As an example, 30-year 2024 condo loans in the Philippines allow for purchasing now while gradually paying over time. This option is suitable if you anticipate income growth in the future to manage potentially high mortgage rates.

Amounts, terms, rates, and qualifications differ across banks depending on income, debt, credit history, etc. However, given the rising rates, adjustable loan term lengths help control costs.

I would compare multiple bank loan offers, considering housing loan terms and conditions across different terms. This process aims to pinpoint the most suitable 2024 home buying loan for your situation.


BANKMaximum loan termsMinimum loan amountMaximum loan amount
Asia United Bank (AUB)20 yearsP1,000,000Maximum loan amount of up to 80% of the appraised value
Banco de Oro (BDO)20 yearsP500,00080% of the appraised value
(Purchase of House and Lot, Condominium, or Townhouse)
Bank of the Philippine Islands (BPI)10 yearsP400,00080% of the appraised value of the vacant lot or residential condominium
China Bank25 yearsP500,00080% of property’s appraised value
China Bank Savings25 yearsP1,000,000P10 Million
China Trust Bank20 yearsP500,000P25 Million
(House & Lot, Condominium Unit, Townhouse, Lot Only (for future construction of primary home), Lot with house construction)
EastWest Bank30 yearsP500,000P10 Million or up to 80% of the property’s appraised value
(House & Lot, Condominium, House Construction, Purchase of Lot, Refinancing, House Renovation or Expansion, Reimbursement)
HSBC Philippines20 yearsP700,000P50,000,000 or 70% of your property’s current value
Land Bank of the Philippines20 yearsP500,000For Private Applicants:The borrowing capacity of the individual borrower and his/her spouse (if applicable) shall be based on the 30% of the verified Gross Monthly Income for private applicants gross monthly income

For Government Employees:
The borrowing capacity shall be based on the amount as required by GAA, after housing loan amortization
Maybank10 years (Home Equity)P500,00070% of your home’s appraised value or borrow up to P5 million (whichever is lower)
Metrobank25 yearsP500,00080% of the appraised value of your house and lot, a condo, or a townhouse

60% for vacant lots
Philippine Bank of Communications (PBCom)20 yearsP500,000P20 Million
Philippine National Bank  (PNB)20 yearsP200,00080% of property’s appraised value
Rizal Commercial Banking Corp. (RCBC)20 yearsP300,00080% of property’s appraised value
Robinsons BankUp to 90% of total contract price (Accredited Developers)

Up to 80% of appraised value (Non-Accredited Developers)
Security Bank20 yearsP1 Million80% of property’s appraised value
Sterling Bank of Asia25 yearsP500,000P10 Million or up to 80% of the property’s appraised value
Union Bank20 yearsP500,00090% of the  appraised value of the collateral
United Coconut Planters Bank (UCPB)20 yearsP500,00080% of appraised value of property being mortgaged

70% of appraised value of property being mortgaged for multi-puprose loan
Veterans Bank20 yearsP375,00080% of appraised value of the collateral

Up to 60% on vacant lots
Welcome Bank Condominium10 yearsP1 MillionP20 Million or up to 80% of the property’s appraised value

Interest Rates

Rates have increased with the BSP key rate at 6.5% in January 2024, making borrowing and mortgages more expensive. However, higher rates can encourage long-term economic expansion.

Even with high mortgage rates in 2024, a longer loan tenure suits Filipino home buyers lacking instant purchase capacity but expecting future earnings growth. Checking market predictions helps strategize timing.

INTEREST RATE (Based on Fixing Period)

BANK1 year2 years3 years4 years5 years10 years15 years20 years25 years30 years
China Bank7.50%7.50%7.50%8.00%8.00%
EastWest Bank5.50%6.25%6.25%6.75%8.50%
HSBC Philippines6.15%7.67%8.04%8.78%
Robinsons Bank7.00%7.25%7.75%8.25%8.25%9.25%10.00%
Security Bank7.00%7.25%7.75%
Veterans Bank7.25%7.75%7.75%8.25%8.25%
These are indicative figures only and actual interest rates will be the prevailing rates during the time of loan availment. **For interest rates of banks not listed, the bank must be contacted directly.

*While a painstaking effort has been made to summarize the previously mentioned home loan information, these are based solely on what banks have made available on their official websites. For further detail regarding home loan terms and interest rates, requirements, and qualifications, it is best to inquire directly with the banks or their associated loan officers.

*Sources: aub.com.ph, bdo.com, bpiexpressonline.com, cbs.com.ph, chinabank.ph, ctbcbank.com.ph, eastwestbanker.com, hsbc.com.ph, landbank.com, maybank.om.ph, metrobank.com.ph, pbcom.com.ph, pnb.com.ph, rcbcsavings.com, robinsonsbank.com.ph, securitybank.com, sterlingbankasia.com, unionbankph.com, veteransbank.com.ph, welcomebank.com.ph

If you need help with financing, get in touch with an Ohmyhome real estate agent today to get started. For more information on the best and latest property listings nationwide and how our Ohmyhome’s online ecosystem helps buyers like you, visit Ohmyhome.com or download the official Ohmyhome app

Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.

Ohmyhome expanded into the Philippines so that Filipino home seekers can have a real estate partner that they can trust to have their best interests at heart and can be relied upon to provide exceptional services throughout the entire property journey.

Featuring thousands of properties across many of the Philippines’ major real estate brands, Ohmyhome differs from other local platforms by going the extra mile and extensively helping buyers narrow down their choices and find the property that best suits their budgets, home needs, and lifestyle preferences.

The company’s Real Estate Agents not only help in the shortlisting of options but also provide professional services through the entire purchasing process. These include assistance in property inspections, negotiations, the finalization of the Conditions of Sale, deposit collection, the submission of property documents, as well as providing buyers regular updates.

Ohmyhome helps Filipinos find their dream homes, all while making sure each real estate transaction is complete and is an efficient and enjoyable experience.

Stay connected with Ohmyhome Philippines by following our official Facebook, Instagram, and LinkedIn accounts.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).


Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Subscribe Now

Get a notification every time we upload a new blog post.

Talk to an agent today

Learn more about Ohmyhome’s mortgage services.


Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).


Featured Blogs

Your one-stop guide for must-know HDB tips

Golden Bay’s Garden City in Bacoor, Cavite is the Ultimate Urban Paradise

Metro Manila is growing, and soon nearby urban cities and provinces will form part of a bigger metropolis. Bacoor, Cavite is already part of the Greater Manila Area. Its excellent location near Makati and the Bay Area makes it a great and affordable residential option. Golden Bay Landholdings combine the love of nature and modern comforts into the ultimate urban paradise: Garden City, Bacoor.

Read More ›

Prime Manila Properties: Skyrocketing Values in the Philippine Real Estate Market

The Philippines is currently the hottest market for luxury residential properties. Its 21.2% increase rate in value beat out former title holders such as Dubai and Shanghai. Economic resilience after the pandemic, an infrastructure boom, and a high-value growth rate helped make the Philippines the hottest luxury property destination worldwide today. Buyers from all over are lining up to invest in prime Manila properties and cash in on the potential. Ohmyhome has an extensive listing of all prime properties in and around Metro Manila. So sign up and get all the help you need to make an investment splash.

Read More ›