Guide on BDO Multi-Purpose Loan Requirements 2025 for Application
BDO MULTI-PURPOSE LOAN REQUIREMENTS 2025 – For self-employed applicants who want to apply for the loan offer, here are the documents required for the application process.
Do you still have lots of other big goals but you have poured your money on your residential property? You can actually make use of the value of your house to achieve your other goals. Get to know the offers of BDO Unibank.
BDO Unibank is one of the biggest and most trusted banks in the country. It has several account, credit card, and loan offers that were packed with excellent features. Aside from the BDO Housing Loan and the BDO Car Loan offers, the bank also has the BDO Multi-Purpose Loan offer.
Through the BDO Multi-Purpose Loan offer, the bank wants to help its qualified clients fund their major projects by gaining access to a cash loan based on the value of their residential property. You may apply for it for many purposes including the financing of the upgrade of an existing property or the purchase of another one.
The Multi-Purpose Loan offer is open not only for salaried individuals but as well as self-employed individuals. There are varying BDO Multi-Purpose Loan requirements for application depending on the source of income of the loan applicant.
There are both qualifications and BDO Multi-Purpose Loan requirements that a loan applicant should meet in applying for the offer. Here are the qualifications set under the 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
If you are a self-employed individual, here are the BDO Multi-Purpose Loan requirements that you need to prepare and submit to the bank to apply for the loan offer:
- 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:
- photocopy of Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements for the last 6 months or Photocopy of Passbook showing at least 6 months transactions
- Certificate of Business Registration with DTI
- Business background/Company Profile
You also need to include the documents of the collateral or the property in the list of BDO Multi-Purpose Loan requirements that you need to submit for the application. Make sure to prepare and submit the following documents:
- 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
The BDO Unibank loan offers also includes the BDO Cash Loan which you might like to check.