Guide on BDO Home Loan Requirements for Application
BDO HOME LOAN REQUIREMENTS – You can check here the documents required from new clients who want to apply for the loan offer.
Are you looking for a bank that can help you finance your residential property acquisition or your house construction? Even if you do not have an existing account with BDO Unibank, you may turn to the reputable banking entity.
BDO is one of the banks that is operating in the Philippines for several decades now. It has gained the trust of countless people and has helped countless financial needs as well. The bank has savings account offers, credit cards, loans, and a lot more.
If you are new to BDO, you may still apply for the BDO Home Loan offer. It is open to finance not only residential property acquisitions but as well as house construction. The bank also provides financial solutions using an existing property as the collateral.
There are varying BDO Home Loan requirements among the new clients of BDO Unibank. Here is a guide on the documents required by the bank in applying for the loan offer:
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
- photocopy of one (1) valid ID matching application details
- Marriage Contract, if applicable
- proof of income:
- Latest three (3) months payslips
- Latest Certificate of Employment with Income (COEI)
- Latest Income Tax Return (ITR)
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
- photocopy of one (1) valid ID matching application details
- Marriage Contract, if applicable
- proof of income:
- Certificate of Business Registration from SEC, if applicable
- 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
- photocopy of one (1) valid ID matching application details
- Marriage Contract, if applicable
- 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
