BDO Home Loan 2023 — How To Apply & the Requirements You Must Prepare

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Guide on BDO Home Loan 2023 Application Process

BDO HOME LOAN 2023 – Here is a guide on how to apply for the loan offer of BDO Unibank and the requirements you must prepare.

Nowadays, more and more poeple consider buying residential properties or building houses through loans. Under loans, you don’t have to shelf out a huge amount from your savings. There are several loan providers including banks and lending companies in the Philippines.

BDO Home Loan 2023
Photo Credit: SOBHA Limited

One of the banks in the Philippines with a housing loan offer is BDO Unibank. It is a trusted entity in its field and one of the biggest and it also offers the BDO Personal Loan. With regards to the BDO Home Loan 2023, it can attend to several purposes involving different types of residential properties.

BDO Unibank
Photo Credit: Mindanao Times

Under the Home Loan 2023 offer, there are several purposes covered. You may apply for the offer to finance any of the following:

  • acquisition of a real estate property
    • house and lot
    • townhouse
    • condominium unit
    • vacant lot
  • house construction
  • home equity loan (use house as collateral for access to funds to be used in multi-purposes)

The minimum and maximum loanable amounts under the BDO Home Loan 2023 were cited but the borrowing amounts depend on the assessment of the bank. It will also be under the BDO Home Loan Interest Rates based on the fixing period chosen.

There is an easy process should you wish to apply for the BDO Home Loan 2023 offer. Here are the steps if you want things to be in order:

Step 1 — Check the Qualifications.

To qualify for the loan offer, you must meet the following eligibility requirements set by BDO Unibank:

  • at least 21 years old at the time of the loan application but not more than 70 years old upon the loan maturity
  • a Filipino citizen or a qualified foreign national
  • earning a minimum monthly gross family income of P50,000 per month
  • has a stable source of income
    • If locally employed, the loan applicant must be employed for at least two (2) years with the current company/employer
    • If self-employed, the loan applicant must be running a business that is profitable for at least two (2) consecutive years already
    • If employed abroad, the loan applicant must be on a 2-3 consecutive employment

Step 2 — Prepare the Documents.

The documents that you must submit to BDO Unibank in applying for the loan offer includes both income requirements for BDO Home Loan 2023 application and collateral documents. With regards to the latter, here are the documents that you must prepare and submit to the bank:

If the developer of the property is accredit with BDO

  1. Contract to Sell (CTS)

If the developer of the property is not accredited with BDO or a sole seller

  1. Photocopy of TCT/CCT and/or Contract to Sell (CTS)
  2. Photocopy of Tax Declaration
  3. Authorization of Tax Mapping signed by present owner
  4. Copy of payment for Appraisal Fee

For the purpose of house construction

  1. Photocopy of TCT 
  2. Photocopy of Tax Declaration
  3. Building Plan
  4. Building Specifications
  5. Copy of payment for Appraisal Fee

Step 3 — File your Loan Application.

Submit your requirements to BDO Unibank. Wait for an update from the bank for the interview and, eventually, for the result of your loan application.

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