Guide on BDO Auto Loan Requirements You Must Submit To Apply
BDO CAR LOAN REQUIREMENTS 2025 – Self-employed individuals who want to apply for the offer must meet the following qualifications and documentary requirements.
Are you a self-employed individual who dreams of driving your own wheels soon? BDO Unibank has an Auto Loan offer that is open not only for employed individuals but as well as those who are running a business or considered “self-employed”.
The BDO Unibank is operating in the Philippines for several decades now since 1968 when it was first established as Acme Savings Bank. Now, it is one of the giants in the Philippine banking industry and has millions of clients across the country. It has several offers not only for Filipinos but as well as foreign nationals.
The BDO Unibank is one of the trusted entities that yo can turn to for loans. Aside from the BDO Housing Loan offer of the bank, it also has the Auto Loan or also called the Car Loan offer that is ready to finance both brand new and pre-owned vehicles. It can be the perfect solution to your cherished dream to have your own vehicle.
There are a lot of benefits in having your own car most especially now that most people live very hectic schedules everyday. The good news is that the Auto Loan offer of BDO Unibank is open not only for employed individuals but as well as self-employed ones.
If you are interested to apply for the loan offer, it is best to check the BDO Car Loan requirements as well as the qualifications in applying for the loan offer. It is best to begin with the latter.
Here are the eligibility requirements that an applicant must meet to qualify for the Auto Loan offer of BDO Unibank:
- Filipino citizen or foreign nationals
- 21 years old and above at the time of the loan application
- not exceeding 70 years old at the end of the loan term
- with a minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- with stable source of income
- at least 2 consecutive profitable years of operation
There are varying BDO Cash Loan requirements for application among the employed and self-employed applicants. If you are self-employed, here are the documents you must prepare and submit to apply for the loan offer:
- duly-accomplished and signed BDO Auto Loan Application Form
- photocopy of one (1) valid ID matching application details such as:
- Driver’s License
- Passport
- Tax Identification Number (TIN) ID
- Social Security System (SSS) ID
- Government Service and Insurance (GSIS) eCard
- proof of income:
- Photocopy of Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements or Photocopy of Passbook for the last 3 months
- Certificate of Business Registration
There are charges that the BDO Unibank implement under the Auto Loan offer. It is important to take note of these charges:
- Chattel Mortgage Fees (CMF) which include the documentary stamp tax, processing and notarial fees. It is approximately 2-3% of the loan amount.
- Comprehensive Motor Insurance Premium based on the type of vehicle and the purchase price of the car.
- Compulsory Third Party Liability (TPL) Insurance which is Php 700.00 for one year
The BDO Unibank does not only offer Housing and Auto Loan offers but as well as BDO Cash Loan.