Lists of BDO Multipurpose Loan Requirements 2026 for Application
BDO MULTIPURPOSE LOAN REQUIREMENTS 2026 – If you are an overseas Filipino worker (OFW), here are the documents that you need to prepare in applying for this BDO Unibank offer.
Many Filipinos are working abroad as they want to give their families the best life that they can. Truth be told that the higher compensation that many employment fields abroad offers are inviting because of the high cost of living in the Philippines now. However, even OFWs also got their season when they need additional cash despite earning Dollars already. This is where banks may help you.
Not all overseas Filipino workers (OFWs) have enough in their bank accounts to expand their business, go to another country, or achieve another big goal. In these cases, one of the few trusted entities that may help you is BDO Unibank. You don’t need to wait long to make another dream come true.
The BDO Unibank, one of the most trusted banks in the Philippines, got several loan offers. Aside from the BDO Housing Loan and the BDO Car Loan offers that can help you achieve your dream house or dream car, there is also the BDO Multipurpose Loan.
Under the BDO Multipurpose Loan, you can have an access to cash by using your existing property as the collateral. This offer is open not only for the locally-employed and self-employed Filipinos but as well as OFWs.
Before checking on the BDO Multipurpose Loan requirements, it is best to check on the qualifications first. Here are the eligibility criteria set under this 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
For OFWs who want to apply for the loan offer, here are the general BDO Multi-Purpose Loan requirements for application:
- 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:
- Proof of Remittance for the last six (6) months
- latest three (3) months payslips
- latest Crew Contract (for seafarers)
- Certificate of Employment with Salary/Employment Contract (Consularized if no proof of remittance is submitted)
The collateral requirements which are part of the BDO Multipurpose Loan requirements vary. For OFW applicants, here are the collateral documents required by the bank for the loan 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 will apply for the Multipurpose Loan offer to finance a house construction, you need to prepare and submit the Building/Floor Plan of the proposed improvement, the Bill of Materials, and the specification of proposed finishes as part of the requirements you must submit to BDO.
In the case of applying for a loan for the purpose of financing a construction, you need to prepare the Building/Floor Plan of proposed improvement, the Bill of Materials, and the specification of proposed finishes as part of the requirements for application.
You might also want to check the BDO Cash Loan offer which can also attend to different purposes.