Guide on BDO Multi-Purpose Loan Requirements 2025 for Application
BDO MULTI-PURPOSE LOAN REQUIREMENTS 2025 – For corporation applicants who want to apply for the loan offer, here are the documents required for the application process.
In the Philippines, one of the most trusted banks is BDO Unibank or also formerly called the Banco de Oro. It is not only a reputable banking entity but also one of the giants in the banking field. It has countless clients not only in the country but as well as abroad.
BDO Unibank has several offers from different types of bank accounts to credit cards to loans. With regards to its loan offers, aside from the BDO Housing Loan and the BDO Car Loan offers, the bank also has the Multi-Purpose Loan offer. It bears a unique feature compared with many other loan offers of its kind.
The BDO Multi-Purpose Loan offer was designed to help clients carry out their huge plans by using the value of their existing properties to provide for their needs. It is ready to fund major projects like the purchase of a property or the upgrade of an existing one as well as fund a business expansion.
The BDO Multi-Purpose Loan offer is also ready to help boost the working capital of your business. Are you interested to apply for the loan offer? It is open not only for employed and self-employed individuals but as well as partnerships and corporations.
The BDO Multi-Purpose Loan requirements vary depending on the source of income of the loan applicant. Before checking on the documents required by the bank, it is important to first check the eligibility criteria to qualify for the loan offer:
- at least 21 years old but not exceeding 70 years old at the end of the loan term
- with stable source of income from employment or business
- minimum annual gross sales of ₱1M for business or;
- minimum monthly gross income of ₱50,000 for employed individuals
- business is within BDO serviceable area
If you are applying as a corporation, there is a unique set of BDO Multi-Purpose Loan requirements for application which include some business documents. Here are the documents that you need to prepare and submit to the bank for the loan application process:
- duly-accomplished and signed BDO Multi-Purpose Loan Application Form
- clear copy of one (1) valid ID matching application details
- Marriage Contract (if applicable)
- proof of income:
- photocopy of Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements for the last six (6) months or Photocopy of Passbook showing at least 6 months transactions
- proof of other income, if any
- Business Background / Company Profile
- Certificate of Registration issued by SEC
- Latest Amended Articles of Incorporation and By-Laws
- List of Elected Officers / General Information Sheet
- Board Resolution or Secretary’s Certificate
The BDO Multi-Purpose Loan requirements also include the documents pertaining to the property that will be used as collateral. Here are the collateral requirements for application:
- photocopy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- photocopy of Tax Declaration (for land improvement)
- Reservation Agreement or Contract to Sell of Statement of Account (for BDO Accredited Developers only)
- Authorization of Tax Mapping signed by present owner
If you intend to fund a house construction, you need to submit the Building/Floor Plan of proposed improvement, the Bill of Materials, and the Specification of the proposed finishes to BDO. In the case of refinancing or a loan take-out, the BDO Multi-Purpose Loan requirements you must submit should include the Statement of Account from current lender and Official Receipts for the last three (3) months.
Aside from the Multi-Purpose Loan, the bank also has the BDO Cash Loan offer.