Guide on BDO Multi-Purpose Loan Requirements 2025 for Application
BDO MULTI-PURPOSE LOAN REQUIREMENTS 2025 – For overseas Filipino worker or OFW applicants who want to apply for the loan offer, here are the documents required for the application process.
In the Philippines, one of the most trusted banks that have an impressive list of loan offers is BDO Unibank. It can help you achieve your dream to have your own house and lot or car or get some funds through your residential property for your other goals.
Aside from the BDO Housing Loan and the BDO Car Loan offers, the reputable bank also has the BDO Multi-Purpose Loan offer. It is designed to provide an access to cash for qualified individuals through the value of their residential property. It is ready to finance your travel, the acquisition of a new business, the upgrade of an existing property, etc.
The loan offer is open not only for local employees but as well as overseas Filipino workers (OFWs). However, it is important to note that there are varying BDO Multi-Purpose Loan requirements for application.
The Multi-Purpose Loan offer is also open for sole proprietorship, partnership, and corporation applications aside from individual applications. Here are the qualifications for application:
- 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
Are you working abroad or someone in your family who wants to apply for the loan offer works abroad? Here are the general BDO Multi-Purpose Loan requirements for application:
- 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:
- Proof of Remittance for the last six (6) months
- latest three (3) months payslips
- latest Crew Contract (for seafarers)
- Certificate of Employment with Salary/Employment Contract (Consularized if no proof of remittance is submitted)
The BDO Multi-Purpose Loan requirements include the collateral documents of the property involved in the loan construction. You need to prepare and submit 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 applying for a loan for the purpose of financing a construction, you need to prepare the Building/Floor Plan of proposed improvement, the Bill of Materials, and the specification of proposed finishes as part of the requirements for application.
Aside from the Multi-Purpose Loan offer, the trusted bank also has the BDO Cash Loan.