Guide on BDO Home Loan Requirements for Application
BDO HOME LOAN REQUIREMENTS – You can check here the documents required from the existing account holders of BDO Unibank in applying for loan.
In the Philippines, one of the most popular banking entities is BDO Unibank. It has millions of clients composed of not only Filipinos across the nation but as well as Pinoys abroad. There are also foreign nationals who are clients of the reputable bank.
The BDO Unibank has several loan offers including a Home Loan that can finance several purposes related to residential property acquisition, house construction, and Home Equity Loan.
The Home Loan offer is designed to help qualified individuals fast track their goals. It is open for both individuals with existing accounts to BDO and those with non.
The BDO Home Loan requirements vary among the existing account holders of BDO Unibank and those who have none. There are also different requirements among the locally-employed individuals, the self-employed individuals, and the overseas Filipino workers.
Locally-Employed Individuals
Qualifications
- at least 21 years old at the time of the loan application
- not exceeding 70 years old at the end of the loan term
- earning a minimum gross family income of Php 50,000 per month
- employed for at least 2 years with current company
Requirements
- duly-accomplished and signed BDO Home Loan Application Form
- 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
- Original Certificate of Employment indicating status, service tenure and compensation breakdown
- Latest full month’s payslip
Self-Employed Individuals
Qualifications
- at least 21 years old at the time of the loan application
- not exceeding 70 years old at the end of the loan term
- earning a minimum gross family income of Php 50,000 per month
- business at least 2 consecutive profitable years of operation
Requirements
- duly-accomplished and signed BDO Home Loan Application Form
- proof of income:
- Bank Statement, non-BDO Account
- Audited Financial Statements for the last two (2) years
Overseas Filipino Workers
Qualifications
- at least 21 years old at the time of the loan application
- not exceeding 70 years old at the end of the loan term
- earning a minimum gross family income of Php 50,000 per month
- employed abroad for 2-3 years consecutive employment. Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application
Requirements
- duly-accomplished and signed BDO Home Loan Application Form
- proof of income:
- Latest proof of remittance for the last three (3) months
- Latest three (3) months payslips
- Latest Certificate of Employment with Income (COEI)
- Latest Crew Contract, if sea-based
Aside from the personal documents of the loan applicant, BDO Unibank also has collateral requirements in applying for the loan offer. It is also best to know the fees charged by the bank.
