BDO Cash Loan Requirements 2024 — Lists for Employed or Self-Employed Applicants

List of BDO Cash Loan Requirements 2024 for Application Process

BDO CASH LOAN REQUIREMENTS 2024 – Here are the documents required in applying for the BDO Unibank loan offer depending if you are employed or self-employed.

With regards to loans, there are those that serve specific purposes while there are also those that are multi-purpose. Among the latter are the cash loans and the salary loans that you may apply for to get the car repaired, to purchase the expensive watch you long for, to expand your business, to boost your investment, etc. One of the entities with this type of loan is the BDO Unibank.

BDO Unibank
Photo Credit: Mindanao Times

The BDO Unibank is one of the biggest banks in the Philippines and it also has one of the largest assets. It has several branches across the nation which delivers its offers that includes bank accounts, insurance policies, credit cards, and loans. It has a multi-purpose loan offer — the BDO Personal Loan.

BDO Cash Loan Requirements 2024
Photo Credit: Philippine Primer

Also called the BDO cash loan, the Personal Loan offer of the bank is open for both employed and self-employed individuals. The loan offer is also open for professionals.

Here are the Pag-IBIG cash loan requirements for eligibility to apply to the loan offer:

  • 21 years old at time of application but not more than 60 years old upon loan maturity
  • Filipino citizen or a foreigner who is a resident of the Philippines
  • minimum Gross Fixed Monthly Income Requirement:
    • ₱15,000 for Salaried Employees
    • ₱35,000 for Self-Employed / Professionals
  • locally-employed or self-employed with business operating at least two (2) years
  • one (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
  • residence or office address must be within any area where a BDO branch is located

The loan is payable for up to 36 monthly installments or within three (3) years. Meanwhile, you may also repay the loan in 6, 12, 18, or 24 monthly installments. You can have the payment under an Automatic Debit Arrangement (ADA) to avoid missing the due date and incurring late payment penalties.

What are the BDO cash loan requirements for application? The list of documents required in applying for the loan offer actually depends if you are locally-employed, self-employed, or a professional.

You can check here the BDO cash loan requirements for application that you must prepare and submit to the bank:

The BDO loan evaluation may take a few working days. Wait for an update from the bank regarding the status of your loan application.

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