Guide on BDO Home Loan Application Process & Requirements for Non-BDO Account Holders
BDO HOME LOAN – If you have no account with BDO Unibank and you wish to apply for this loan offer, you can check the guide below.
Banks are among the entities that you may turn to for loan offers. If you are looking for a bank that has a housing loan offer, BDO Unibank is an entity that you can turn to. Its loan offer serves several purposes. You may apply for a loan for the financing of buying a residential property, constructing a house, renovating your home, or even a home loan take-out.
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 no account with BDO, 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
- photocopy of one (1) valid ID with matching application details
- income documents
- If you are locally employed:
- latest three (3) months payslips
- latest Certificate of Employment with Income (COEI)
- latest Income Tax Return (ITR)
- If you are self-employed:
- Certificate of Business Registration from SEC (if applicable)
- Audited Financial Statements for the last two (2) years
- Bank Statement of non-BDO Account
- If you are an overseas Filipino worker (OFW), prepare:
- latest three (3) months payslips
- latest proof of remittance for the last three (3) months
- latest Crew Contract, if sea-based
- Latest Certificate of Employment with Income (COEI)
- If you are locally employed:
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
