Guide on BDO Multi-Purpose Loan Requirements 2025 for Application
BDO MULTI-PURPOSE LOAN REQUIREMENTS 2025 – For partnership applicants who want to apply for the loan offer, here are the documents required for the application process.
Are you in need of some financial solutions to achieve another life-changing goal? You do not have to wait for years or even just let go of that goal. There are now entities that are ready to provide financial solutions under flexible loan application purposes catered.
In the Philippines, one of the loan-providing entities that has an offer that can finance several purposes is the BDO Unibank. It is one of the giants in the banking industry in the country and it also got offers that are packed with excellent features. You can check its offers below.
BDO Unibank offers several types of loans. It can help you bring your dream house to reality through its BDO Housing Loan or get you your dream car through the BDO Car Loan. It can also provide for your financial needs for other big purposes under the Multi-Purpose Loan offer.
The BDO Multi-Purpose Loan offer was crafted to provide financial solutions from the value of your existing property. It is open to finance major projects like the purchase of another property or the upgrade of an existing one, a business expansion, or boosting of a working capital.
The Multi-Purpose Loan offer is open not only for employed and self-employed individuals but as well as partnerships and corporations and that’s how the BDO Multi-Purpose Loan requirements for application vary. Here are the qualifications in applying for 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
Are you applying as a partnership? Here is a unique list of the BDO Multi-Purpose Loan requirements that you need to prepare for submission 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 six (6) months or Photocopy of Passbook showing at least 6 months transactions
- Articles of Partnership and Certificate of Registration issued by SEC
- Business Background / Company Profile
- Proof of other income, if any
The bank also requires the documents pertaining to the collateral under the loan offer. Make sure to prepare and include the following BDO Multi-Purpose Loan requirements for submission:
- 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
Certain loan purposes like the financing of a construction and the refinancing of an existing loan got specific requirements for BDO loan application. Here is a guide:
Construction Loan
- Building/Floor Plan of proposed improvement
- Bill of Materials
- Specification of proposed finishes
Refinancing / Loan Take Out
- Statement of Account from current lender and Official Receipts for the last three (3) months
Have you also heard about the BDO Cash Loan? It may also be another perfect financial solution for you.