Guide on BPI and BDO Personal Loans Qualifications for Application
PERSONAL LOANS – Heere is a guide on who are qualified to apply for the multi-purpose cash loan offers of BPI and BDO.
Nowadays, the people have a lot of options to turn in times of financial needs for multiple purposes. Among these personal bank loans that are offered by most banks in the country including the BDO Unibank and the Bank of the Philippine Islands or BPI.
Both offers of BPI and BDO are open for salaried and non-salaried individuals. The offers have different eligibility criteria such as the following:
To qualify for the BPI cash loan offer, the loan applicant must meet the following eligibility requirements:
- of legal age
- living or working in an area that is within the service region of BPI
- employed or self-employed with a stable income
To qualify for the BDO Personal Loan offer, here are the eligibility requirements that an aspiring borrower must meet:
If Employed:
- at least 21 years old at time of application but not more than 60 years old upon loan maturity
- a Filipino citizen or a foreigner who is a resident of the Philippines
- earning a minimum gross fixed monthly income of Php 15,000
- a regular employee or self-employed with business operating at least two (2) years
- has one (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
- residence or office address must be within any area where a BDO branch is located
If Self-Employed:
- at least 21 years old at time of application but not more than 60 years old upon loan maturity
- a Filipino citizen or a foreigner who is a resident of the Philippines
- earning a minimum gross fixed monthly income of Php 35,000
- with business operating at least two (2) years
- has one (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
- residence or office address must be within any area where a BDO branch is located
How much are the loanable amounts under the BPI cash loan and BDO Personal Loan offers?
