Requirements for BDO Personal Loan 2023 You Must Submit To Apply

Guide on the Requirements for BDO Personal Loan 2023 Application Process

REQUIREMENTS FOR BDO PERSONAL LOAN 2023 – Here are the documents needed in applying for the cash loan offer of BDO Unibank.

Are you looking for a cash loan offer? Banks are among the entities that you may turn to. One of them is BDO Unibank, a trusted and popular bank in the Philippines. Its offers encompass a wide range.

BDO Unibank offers savings and check accounts, credit cards, loans, and several other financial services including the BDO car insurance. One of the loans offered by the bank is the BDO Personal Loan, a multi-purpose cash loan offer.

You may apply for the BDO Personal Loan offer to fund your car repair, to make a big purchase, to pay for the bills, to travel, to host an event, etc. It is a non-collateral loan offer that is open for both employed and self-employed individuals.

If you are locally-employed, to qualify for the loan offer, here are the eligibility requirements that the loan applicant must meet:

• at least 21 years old at the time of application
• 60 years old and below upon the loan maturity
• a Filipino citizen or a foreigner who is a resident of the Philippines
• earning a minimum gross fixed monthly income of P15,000
• a regular employee
• has one (1) landline number in the place of residence or work / mobile number
• residence or office address is within the service area of BDO Unibank

There is a different set of eligibility requirements for self-employed applicants of the loan offer. To qualify, the borrower must meet the following requirements:

• at least 21 years old at the time of application
• 60 years old and below upon the loan maturity
• a Filipino citizen or a foreigner who is a resident of the Philippines
• earning a minimum gross fixed monthly income of P35,000
• running a business that is operational for at least two (2) years already at the time of the loan application
• has one (1) landline number in the place of residence or work / mobile number
• residence or office address is within the service area of BDO Unibank

Aside from the eligibility requirements, there are qualifications in applying for the BDO Unibank loan offer. Here are the documentary requirements for BDO Personal Loan 2023 application:

• one (1) government-issued ID or any of the following:
  • Preferred IDs
    • Driver’s License
    • Philippine Passport
    • TIN ID
    • SSS ID
    • GSIS ID eCard
  • Other acceptable IDs:
    • UMID Card
    • PhilSys ID
    • Voter’s ID
    • Philippine Postal ID
    • PRC ID
    • Philhealth ID
  • Copy of Employment Contract or Certificate of Employment
  • Letter from the Embassy (if Embassy Official)
  • PLUS any of the following:
    • Valid VISA and work permit
    • Alien Certificate of Registration (ACR) or Immigrant Certificate of Registration (ICR) or ACR-I
    • Valid passport with any of the following: Special Investors Resident VISA, Special Non-Immigrant VISA for PEZA or VISA with EO226        
• proof of income
  • If employed, submit the following:
    • Latest Income Tax Return (ITR) duly stamped and received by the Bureau of Internal Revenue or BIR Form 2316 signed by employer’s authorized representative
    • Latest full month’s payslip
    • Original Certificate of Employment indicating status, service tenure and compensation breakdown
    • If with credit card from other banks, copy of the latest two (2) months statement of credit card existing at least one (1) year
  • If self-employed, submit a photocopy of any of the following:
    • Latest Income Tax Return duly stamped as received by the Bureau of Internal Revenue (BIR) and Audited Financial Statements for the last two (2) years (MANDATORY)
    • Registration of Business Name (MANDATORY)
      • For Single proprietorship – issued by the Department of Trade and Industry (DTI)
      • For Partnerships or Corporations – issued by the Securities and Exchange Commission (SEC)
    • Latest three (3) months bank statement (OPTIONAL)
    • If requested loan amount is more than P1 Million:
      • Latest three (3) months bank statement and at least one (1) trade reference
      • GIS (if company is a corporation)