Fees and Charges When Buying A House In The Philippines

Updated: June 27, 2013

One of the most popular financial goals of people, especially Filipinos, is to own a house.

If you’re one of them, then you have to be “SMART” about this goal.

What I mean to say is that, you cannot simply work for your dream house. You have to be more specific and define the amount of money you need to save to make it a reality.

Apart from the price of the house itself, there will be many fees and charges that you must pay when you are buying real estate in the Philippines – something that you should never forget to include in your budget, specially if your plan is to take out a housing loan.

Fortunately, I stumbled upon this excellent infographic about the possible additional costs of purchasing a home in the country.


This infographic, “A Filipino’s Home Buying Guide to Fees & Charges” is provided by iMoney Philippines, the country’s definitive bank comparison website that’s helping all Filipinos make quick, well-informed decisions for all banking products and services currently in the market.

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  1. Thanks for this post Fits its a big help for me because I’m planning to start a long term saving for my House and for my Retirement, after I finished my 1 year Emergency Fund and will allocate it like what you posted in one your reader too, your blog help me a lot specially to article about monthly expenses. so hope to see you in person so that I can say Thank personally may GOD bless you more a thousand fold has He promised.
    Thanks you Fits!

  2. Hi Fitz.

    What is the best advice you could give to me because I am now at the stage of applying for a housing loan? What is the best bank you could recommend where I should get one? What interest rate that I should be looking into? And, should I take a longer period with a higher interest or shorter loan period with low interest? Should I consider fixed-interest housing loan?

    Thanks and more power. :)

  3. Hi Rex, most of my friends took out a loan with PSBank. But I suggest you do some “shopping” for the best rates. Whether to take out a longer or shorter period, or a fixed-interest housing loan depends on your financial capabilities to pay the mortgage. But my personal suggestion is don’t pay for more than 10 years.

    to Nino and malenautica, thank you also for taking the time to comment, I’m always glad to help. :D

  4. Wow!

    right in time article, we were just talking about this in the office.


  5. How do Philippine banks inform the housing loan applicants about the result? Are the banks required by law to disclose the reason through letter for rejected housing loan?

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