Requirements for BDO Housing Loan 2023 Application Process

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List of Requirements for BDO Housing Loan 2023 You Must Prepare in Applying

REQUIREMENTS FOR BDO HOUSING LOAN 2023 – Here are the documents needed in applying for the Home Loan offer of BDO Unibank.

In the Philippines, the BDO Unibank is one of the entities that you may turn to if you are looking for a lender that can finance your residential property purchase. Aside from the BDO Auto Loan 2023 offer, it has a Home Loan offer.

BDO Unibank
Photo Credit: Mindanao Times

Actually, the loan offer is open to fund several purposes. You may apply for the BDO Home Loan offer to finance the purchase of a real estate property, a home construction, or a home equity loan.

Requirements for BDO Housing Loan 2023 Application
Photo Credit: iStock

If you have a house and lot or another residential property, you may use your property as the collateral to obtain funds that can be used in several ways.

The qualifications in applying for the BDO Home Loan depends if you are locally-employed, self-employed, or an overseas Filipino Worker (OFW). If you are locally-employed, you must meet the following eligibility criteria:

  • 21 years old and aboe upon the loan application
  • 70 years old and below at the end of the loan term
  • Filipino citizen or Foreign Nationals
  • earning at least ₱50,000/month or its equivalent in foreign currency as gross monthly income
  • at least 2 years with current company

There is a different list of eligibility requirements for BDO Housing Loan 2023 application. If you are self-employed, here is a list of the eligibility criteria for qualification to the loan offer:

  • 21 years old and aboe upon the loan application
  • 70 years old and below at the end of the loan term
  • Filipino citizen or Foreign Nationals
  • earning at least ₱50,000/month or its equivalent in foreign currency as gross monthly income
  • at least 2 consecutive profitable years of operation

In the case of overseas Filipino worker (OFW), here is a list of the eligibility criteria in applying for the loan offer:

  • 21 years old and aboe upon the loan application
  • 70 years old and below at the end of the loan term
  • Filipino citizen or Foreign Nationals
  • earning at least ₱50,000/month or its equivalent in foreign currency as gross monthly income
  • 2-3 years consecutive employment

With regards to the documentary requirements for BDO Housing Loan 2023 application, the lists also differ depending if you have a BDO account or none. You can refer to the lists below to check on which documents you must prepare for the application:

If with BDO account

  • completely filled-out application form
  • If self-employed,
    • Bank Statement, non-BDO Account
    • Audited Financial Statements for the last two (2) years
  • If OFW
    • Latest proof of remittance for the last three (3) months
    • Latest three (3) months payslips
    • Latest Certificate of Employment with Income (COEI)
    • Latest Crew Contract, if sea-based

If without BDO Unibank

  • Completely filled-out application form
  • Photocopy of one (1) valid ID matching application details
  • Marriage Contract, if applicable
  • If locally-employed
    • Latest three (3) months payslips
    • Latest Certificate of Employment with Income (COEI)
    • Latest Income Tax Return (ITR) 
  • If self-employed
    • Certificate of Business Registration from SEC, if applicable
    • Bank Statement, non-BDO Account
    • Audited Financial Statements for the last two (2) years
  • If OFW
    • Latest proof of remittance for the last three (3) months
    • Latest three (3) months payslips
    • Latest Certificate of Employment with Income (COEI)
    • Latest Crew Contract, if sea-based

Aside from the personal documentary requirements of the loan applicant, BDO Unibank also requests collateral requirements. Here are the collateral requirements for the BDO Home Loan 2023 application process:

If property is from a Developer accredited with BDO

  1. Contract to Sell (CTS)

If property is from an individual seller or a Developer not accredited with BDO

  1. Photocopy of TCT/CCT and/or Contract to Sell (CTS)
  2. Photocopy of Tax Declaration
  3. Authorization of Tax Mapping signed by present owner
  4. Copy of payment for Appraisal Fee

If for the purpose of house construction

  1. Photocopy of TCT 
  2. Photocopy of Tax Declaration
  3. Building Plan
  4. Building Specifications
  5. Copy of payment for Appraisal Fee

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