The Solar Mortgage is BPI's financing solution designed to support homeowners in acquiring solar panels for their residences, promoting sustainable and eco-friendly energy solutions.
Top-Up Equity Loan
Top up for extra funds to solar power your home.
Access to additional funds
Top-up your existing housing loan to power your home with cutting-edge solar panel
Convenience
Use your existing collateral to fund your solar mortgage.
Streamlining your finances
Consolidate your loans into one account to enjoy single monthly payment.
| Features | |
|---|---|
| Minimum Loan Amount | Php 400,000 |
| Minimum Loan Term | 1 year |
| Maximum Loan Term | Up to 20 years |
| Loan Purpose | Acquisition of Solar Panels |
Terms and conditions
1. To be eligible to top-up your existing housing loan, you must have a minimum paid-up amount of at least Php 400,000.
2. The loan top-up may be consolidated under a new housing loan account along with the existing housing loan instead of a separate account.
3. One or multiple existing loan accounts can be consolidated.
4.Submission of proof of loan purpose is required.
Multi-Purpose Loan
Use your car as collateral to fund your solar mortgage.
Faster processing
Expedite the approval process by leveraging on your fully paid car as collateral.
Lower interest vs. personal loan
Enjoy cost-effective financing with lower rates compared to traditional personal loans.
Convenience
Enjoy a seamless and hassle-free financing experience to solar power your home.
| Features | |
|---|---|
| Minimum Loan Amount | Php 200,000 |
| Minimum Loan Term | 1 year |
| Maximum Loan Term | Up to 5 years |
| Loan Purpose | Acquisition of Solar Panels |
Terms and conditions
1. Car must not be older than 5 years upon loan maturity.
2. Up to 5 years term for new loans.
3. For the existing loans, the remaining term of the existing loan should be at least 20% of the original term.
Frequently asked questions
What is Solar Mortgage?
How does Solar Mortgage work?
There are several Housing Loan options if you want to avail of a Solar Mortgage to help fund the acquisition of solar panels:
Top-up Equity Loan
This grants an additional housing loan for the acquisition of solar panels, with the option to consolidate it under a single new housing loan account along with the existing housing, instead of a separate account.
Property Equity Loan
This enables clients to use their house as collateral to secure a loan for the acquisition of solar panels.
Multi-Purpose Loan
This enables clients to use their cars as collateral to secure a loan for the acquisition of solar panels.
Mortgage Switch
This enables clients from other banks to transfer their housing loan to BPI, with an option to avail of BPI’s All-In Financing payment option to enjoy zero upfront fees, and other Housing Loan promos.
Do you require proof of loan purpose to avail of Solar Mortgage?
Yes, it would be a requirement to submit a quotation of the solar panels from your provider.
Does BPI have accredited solar panel providers?
As of the moment, here are the accredited loan referrers of BPI for Solar Panels:
- Helios
Who can I contact for any concerns or inquiries?
If you need any assistance, you may reach us through these channels.
You may also send us a message or contact our 24-hour BPI Contact Center at (+632) 889-10000.
Discover more of our sustainable financing options
Eco-Build Financing
Begin the construction of your real estate property for sustainable living.
View details
Property Equity Loan
Get access to additional funds with your existing real estate property.
View details
| BPI is regulated by the Bangko Sentral ng Pilipinas