Details about the BDO Housing Loan Amount 2023 for Clients
BDO HOUSING LOAN AMOUNT 2023 – Here is a guide on how much you may borrow under the loan offer of BDO Unibank.
Are you looking for a bank that can help you finance a purpose that is related to residential properties? One of the entities that you may turn to is the BDO Unibank, a popular and trusted bank in the Philippines. It is also one of the biggest banking entities in the country.
The BDO Housing Loan offer is open for both employed and self-employed individuals. It is open to finance several purposes that are related to residential properties.
A loan applicant may apply for the BDO Housing Loan 2023 offer for the purpose of financing any of the following:
- purchase of a real estate property
- house and lot
- townhouse
- condominium unit
- vacant lot
- house construction
- home equity loan
Under the purpose of financing a home equity loan, a residential property owner may use the property as the collateral in applying for the loan to obtain funds based on the value of the property.
As mentioned earlier, the loan offer is open for both locally-employed and self-employed individuals. If locally-employed, here are the qualifications under the BDO Home Loan offer:
- 21 years old and aboe upon the loan application
- 70 years old and below at the end of the loan term
- Filipino citizen or Foreign Nationals
- earning at least ₱50,000/month or its equivalent in foreign currency as gross monthly income
- at least 2 years with current company
There is a different set of qualifications in applying for the loan offer is the loan applicant is self-employed. If self-employed, here are the eligibility criteria in applying for the loan offer:
- 21 years old and aboe upon the loan application
- 70 years old and below at the end of the loan term
- Filipino citizen or Foreign Nationals
- earning at least ₱50,000/month or its equivalent in foreign currency as gross monthly income
- at least 2 consecutive profitable years of operation
For overseas Filipino workers (OFWs), BDO Unibank has set a different list of eligibility requirements for application. To qualify, the borrower must meet the following criteria:
- 21 years old and aboe upon the loan application
- 70 years old and below at the end of the loan term
- Filipino citizen or Foreign Nationals
- earning at least ₱50,000/month or its equivalent in foreign currency as gross monthly income
- 2-3 years consecutive employment
With regards to the BDO Housing Loan Amount 2023 that you may borrow, the bank has provided details about the minimum loanable amounts. It depends on the type of property involved in the loan application.
The minimum loanable amount under BDO Housing Loan 2023 for house and lot and townhouse purchase as well as house construction is ₱500,000.00. For condo unit acquisition, the least amount allowed for borrowing is ₱500,000.00, too.
With regards to the acquisition of a vacant lot, the minimum loanable amount under BDO Housing Loan 2023 is ₱300,0000.00.
To apply for the loan offer of BDO Unibank, there are requirements for BDO Housing Loan 2023 application process. The required documents include both personal documents of the borrower and the collateral documents required by BDO.
