Guide on BDO Housing Loan Application Process & Requirements for BDO Account Holders
BDO HOUSING LOAN – If you have an existing BDO account and you wish to apply for this loan offer, you can check the guide below.
BDO Unibank is one of the entities with home loan offers. It is open not just for the financing of a residential property acquisition as well as house construction and home renovation. You can buy your retirement home through this loan offer.
BDO Unibank boasts its loan offer with affordable cash-out, light payment options, flexible loan terms, and high loanable amount. You can repay the amount you borrowed for up to 20 years. To check the loanable amounts under the offer, you may visit – BDO HOME LOAN LOANABLE AMOUNTS – How Much You Can Borrow.
How to Apply for BDO Housing Loan
Step 1 – Check the qualifications.
To be eligible to apply for the loan offer, the borrower-applicant must be:
- at least 21 years old upon the loan application
- not more than 70 years old upon the end of the loan term
- earning at least Php 50,000 gross family income
- having a stable source of income
Step 2 – Requirements.
If you have an existing BDO account, here are the documents that you need to submit in applying for BDO Housing Loan offer:
- duly-accomplished and signed BDO Housing Loan Application Form
- income documents
- If self-employed, prepare:
- Bank Statement of Non-BDO account
- Audited Financial Statements for the last two (2) years
- If you are an overseas Filipino worker (OFW), prepare:
- Latest three (3) months payslips
- Latest Crew Contract, if sea-based
- Latest proof of remittance for the last three (3) months
- Latest Certificate of Employment with Income (COEI)
- If self-employed, prepare:
Aside from the documentary requirements, like in most housing loans, there are collateral requirements that depend on the purpose of applying for the loan offer. Prepare the following:
- If property is from a Developer accredited with BDO
- Contract to Sell (CTS)
- If property is from an individual seller or a Developer not accredited with BDO
- Photocopy of TCT/CCT and/or Contract to Sell (CTS)
- Photocopy of Tax Declaration
- Authorization of Tax Mapping signed by present owner
- Copy of payment for Appraisal Fee
- If for construction
- Photocopy of TCT
- Photocopy of Tax Declaration
- Building Plan
- Building Specifications
- Copy of payment for Appraisal Fee
To apply, go to a branch of BDO Unibank nearest to your house or workplace and submit your documents. The loan processing may take a few working days. Wait for an update from the bank about the result of your loan application.
You may also visit – BDO LOAN OFFERS: List of BDO Loans & Application Requirements
