BDO Auto Loan Requirements: List of Requirements For Car Loan

List of BDO Auto Loan Requirements Applicants Must Prepare in Applying for Car Loan

BDO AUTO LOAN REQUIREMENTS – Here is a list of the requirements that you have to prepare in applying for a car loan to Banco de Oro (BDO).

One of the loans offered by prominent bank Banco de Oro or more commonly known as BDO is a car loan. It is open for locally-employed and self-employed individuals and as well as those working abroad.

The BDO Auto Loan is a financing offer for those qualified applicants who want to purchase either a brand new car or a pre-owned car.

According to BDO, to be qualified for the loan, an applicant must be a Filipino citizen who is at least 21 years old but not more than 70 years old upon the application.

Furthermore, he or she must have a stable source of income from employment or business and must have a gross family income of at least Php 50,000 per month.

To apply for a car loan, you just have to go to a BDO branch or main office, ask for an application form, and submit the duly-accomplished form together with the BDO Auto Loan Requirements.

Based on the official website of Banco de Oro, here is a list of the BDO Auto Loan Requirements depending on the employment status of a person applying for a car loan:

• Completely filled out application form
• Photocopy of one (1) valid ID matching application details (e.g. Passport, Driver’s License, SSS, PRC, OWWA ID, OFW ID, Seaman’s Book)
• Proof of Income
  • Locally Employed – Submit any of the following: Latest Income Tax Return or BIR Form 2316 or latest payslip; Certificate of Employment with Salary; or Additional for Foreigners, current employment contract.
  • Self-Employed – Photocopy of Audited Financial Statements for the last 2 years with latest ITR; Bank Statements or Photocopy of Passbook for the last 3 months; and Certificate of Business Registration.
  • Employed Abroad – Submit any of the following: Proof of Remittance for the last 3 months; Latest Crew Contract, if sea based; Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips.

Thank you for visiting our website. We hope we have helped you with regards the requirements in applying for an auto loan to Banco de Oro. You may keep coming back for more informative guides.

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