How Much is the Required Monthly Income in Applying for BDO Housing Loan
BDO HOUSING LOAN – Here is a guide on the required monthly income in applying for the home loan offer of BDO Unibank.
Having your own house got a lot of perks. You can make your own rules, design it the way you want it, and a lot more. That is why many people really make it to a point of buying their own house the soonest time possible. The good thing is that there are banks now that offer assistance – one of them is BDO Unibank.
One of the several loan offers of BDO is the home loan. It is open for the purchase of a vacant lot, a house and lot, a condominium unit, or a townhouse. You may also apply for it for house construction or renovation.
Aside from those purposes, based on the official website of BDO Unibank, the loan offer also caters loan take-outs and as well as reimbursement of a residential property acquisition. You just have to prepare the needed documents and apply.
Under the BDO Home / Housing Loan, an affordable cash-out is offered. For a guide on how much you can borrow under this loan, you may visit – BDO HOME LOAN LOANABLE AMOUNTS – How Much You Can Borrow.
With regards to the eligibility qualifications in applying for the said loan offer, they are centered on the citizenship of the applicant, his or her age, and the minimum household income for month. The applicant must be:
- a Filipino citizen or a foreign national
- at least 21 years old but not more than 70 years old at the maturity of the loan
- earning at least Php 50,000.00 per month (household income)
- locally employed, self-employed, or employed abroad
The requirements needed in applying for the BDO Housing Loan will depend on the employment status of the applicant. For the list of documents that you need to prepare, you may visit – BDO Home Loan Requirements Applicants Must Prepare.
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READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers