Details about the BDO Home Loan Qualifications for Application
BDO HOME LOAN QUALIFICATIONS – Here is a guide on the eligibility criteria set by BDO Unibank under its loan offer.
BDO Unibank is one of the banks with multiple loan offers. One of its loans is the BDO Home Loan that can finance a residential property acquisition, a house construction, and using the residential property for a multi-purpose cash loan offer.
Undeniably, countless individuals even those who have big savings in their bank accounts prefer getting a residential property under a loan offer instead of a one-time cash payment. They would rather use their funds in a business or investment where it can grow.
Are you interested to apply for the loan offer? The BDO Home Loan qualifications include locally-employed individuals, self-employed individuals, and overseas Filipino workers.
The BDO Home Loan qualifications depend if you are locally-employed, self-employed, or an overseas Filipino worker (OFW). Here’s a guide…
Locally-Employed
- at least 21 years old at the time of the loan application
- not more than 70 years old at the end of the loan term
- earning a gross family income of ₱50,000/month or its equivalent in foreign currency
- at least 2 years with current company
Self-Employed
- at least 21 years old at the time of the loan application
- not more than 70 years old at the end of the loan term
- earning a gross family income of ₱50,000/month or its equivalent in foreign currency
- at least 2 consecutive profitable years of operation
Overseas Filipino Worker
- at least 21 years old at the time of the loan application
- not more than 70 years old at the end of the loan term
- earning a gross family income of ₱50,000/month or its equivalent in foreign currency
- 2-3 years consecutive employment. Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application
The loanable amount under the BDO Home Loan offer also vary. The bank has set different borrowing amounts allowed based on the type of residential property involved in the loan.