Guide on BDO Multi-Purpose Loan Requirements 2025 for Application
BDO MULTI-PURPOSE LOAN REQUIREMENTS 2025 – For locally-employed applicants who want to apply for the loan offer, here are the documents required for the application process.
Are you looking for a financial access that can help you fund your other big goals? You might be up to buying a new property, upgrading an existing one, or another big goal. You may turn to the Multi-Purpose Loan offer of BDO Unibank.
Undeniably, among the many banks in the Philippines, the BDO Unibank is not only one of the biggest but also one of the most reputable banks in the country. It is serving millions of Filipino people for decades now since 1968 when it first operated as Acme Savings Bank.
Through the years, the bank has continuously upgraded its offers. It now has multiple loan offers that attend to many different needs. Aside from the BDO Housing Loan offer, the bank is also ready to provide cash through the BDO Multi-Purpose Loan with an existing residential property as the collateral.
The BDO Multi-Purpose Loan offer is open for both employed and self-employed individuals and there are varying requirements for the BDO Multi-Purpose Loan application. First, it is important to check on the qualifications under the offer.
To qualify, the loan applicant should meet the following qualifications under the BDO loan offer:
- at least 21 years old but not exceeding 70 years old at the end of the loan term
- with stable source of income from employment or business
- minimum annual gross sales of ₱1M for business or;
- minimum monthly gross income of ₱50,000 for employed individuals
- business is within BDO serviceable area
As mentioned, the BDO Multi-Purpose Loan requirements differ among the salaried and non-salaried individuals. For locally-employed individuals who want to apply for the loan offer, here are the documents you must prepare:
- duly-accomplished and signed BDO Multi-Purpose Loan Application Form
- clear copy of one (1) valid ID matching application details
- Marriage Contract (if applicable)
- proof of income:
- latest Income Tax Return or BIR Form 2316 or latest three (3) months payslips
- latest Certificate of Employment with Income (COEI)
The BDO Multi-Purpose Loan requirements also include the collateral documents of the residential property involved in the loan. Thus, make sure to prepare the following:
- photocopy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- photocopy of Tax Declaration (for land improvement)
- Reservation Agreement or Contract to Sell of Statement of Account (for BDO Accredited Developers only)
- Authorization of Tax Mapping signed by present owner
In the case of self-employed individuals, there is a different list of BDO Multi-Purpose Loan requirements for application.
Have you also heard about the BDO Cash Loan offer? It may be the perfect choice for you if you still don’t have a property but needs an access to a financial solution.