Guide on BDO Cash Loan Requirements if you are Locally Employed
BDO CASH LOAN REQUIREMENTS – You can check the list of documents needed by seaman applicants in applying for BDO Personal Loan.
One of the banks in the Philippines with a cash loan offer for overseas Filipino workers (OFWs) is BDO Unibank. Among those that are covered by its offers are seafarers or the individuals working as a seaman.
BDO Personal Cash Loan. One of the loans offered by BDO Unibank is the Personal Loan which is open for seafarers. Under this loan offer, you can repay the loan for up to 36 months.
Do you want to know how much you may borrow under the said loan offer? To check on the loanable amounts, you may visit – BDO Salary Cash Loan: Here are the Minimum and Maximum Amounts You May Borrow.
Who are qualified to apply for this BDO loan offer? There are qualifications or eligibility requirements that BDO Unibank considers in the evaluation of loan applications. To be qualified for the loan offer, the borrower must be:
- at least 25 years old upon the loan application
- not more than 65 years old upon the end of the loan term
- having at least three (3) years of continuous employment contract
- having at least one (1) landline phone at either residence or employment or business
- earning at least Php 120,000.00 or its USD equivalent as gross monthly income
- having a good credit standing
BDO Cash Loan Requirements. There are documents that you need to bring with you in applying for the personal loan offer at a BDO branch. For applicants who are locally employeed, prepare the following documents:
- duly-accomplished BDO Personal Loan Application Form
- one (1) valid ID (Driver’s License, Philippine Passport, TIN ID, SSS ID, GSIS eCard, UMID ID, PhilSys ID, Voter’s ID, Philippine Postal ID, PRC ID, Philhealth ID)
- proof of income:
- POEA Contract of Employment
- Seaman’s Book
- Signed Automatic Debit Arrangement Form
- Authorization Letter for Beneficiary signed by OFW
To apply for the loan offer, proceed to a branch of BDO Unibank along with your requirements. You might like to check on the interest rates in applying for the said bank offer. Feel free to visit – BDO Cash Loan Interest – Here’s A Guide on the Interest Based on Loan Term.
