Guide on BDO Cash Loan Requirements for Application Process
BDO CASH LOAN REQUIREMENTS – Here are the documents required in applying for the Personal Loan offer of BDO Unibank.
Are you interested to apply for the cash loan offer of BDO Unibank? It can be an excellent solution to your cash needs. In fact, it can solve multiple financial needs under a single loan offer.
One of the benefits of the BDO Personal Laon offer is that you can address several cash needs but you won’t have to face multiple interest rates in solving the problems. As long as you are 21 years old and above, has a landline number, and a stable source of income, you may qualify to the application for the financial solution.
With regards to the BDO cash loan requirements for application, it depends if you are employed or self-employed. It is important to submit the complete set of documents so your loan can be processed right away.
For locally-employed individuals. Here are the documents that you must prepare and submit to the bank to apply for the loan offer:
- any of the following government-issued IDs
- Preferred IDs – Driver’s License, Philippine Passport, TIN ID, SSS ID or GSIS ID eCard
- Other acceptable IDs – UMID Card, PhilSys ID, Voter’s ID, Philippine Postal ID, PRC ID or 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:
- 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
For self-employed individuals. If you are non-salaried and operating your own business, here are the BDO cash loan requirements that you must prepare and submit to apply for the loan offer:
- any of the following government-issued IDs
- Preferred IDs – Driver’s License, Philippine Passport, TIN ID, SSS ID or GSIS ID eCard
- Other acceptable IDs – UMID Card, PhilSys ID, Voter’s ID, Philippine Postal ID, PRC ID or 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:
- 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)
One of the wise moves that you can take before applying for a loan is to check the interest rates and the fees under the offer. There might be possible deductions on a case-to-case basis.
