BDO Cash Loan Requirements for Self-Employed Individuals — A GUIDE

Qualifications & List of BDO Cash Loan Requirements for Self-Employed Applicants

BDO CASH LOAN REQUIREMENTS – For self-employed individuals who want to apply for the Personal Loan offer, here are the documents required for application.

Are you looking for a financial solution that you may turn for personal purchases or to travel? One of the best options that you may turn to is the BDO Personal Loan offer of BDO Unibank.

BDO is in the service of the Filipino people for decades already. It has several offers that encompass both personal and business finance products and services. It has several loan offers and one of them is the BDO Personal Loan that is open for both employed and self-employed individuals.

In the case of self-employed individuals who want to apply for the offer, here is a guide on the qualifications and the BDO cash loan requirements set under the offer:

Eligibility Criteria

• a Filipino citizen or a foreigner who is a resident of the Philippines

• at least 21 years old at time of application

• not more than 60 years old upon loan maturity

• with business operating at least two (2) years

• with 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

Requirements

• duly-accomplished and signed BDO Personal Loan Application Form
• valid government ID
• 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
  • Registration of Business Name
    • 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
  • If target loan amount is above Php 1 million, the following BDO cash loan requirements must be submitted:
    • Latest three (3) months bank statement and at least one (1) trade reference
    • GIS (if company is a corporation)

In applying for the BDO loan offer, part of the BDO cash loan requirements is a valid ID. The bank provides the borrowers with a lot of options when it comes to the valid documents for submission to apply for the offer: