BDO PERSONAL LOANS – Who Are Eligible To Apply For BDO Personal Loans

Guide on Who Are Eligible To Apply for BDO Personal Loans

BDO PERSONAL LOANS – Here is a guide on who are eligible to apply for the different personal loans offered by BDO Unibank.

Undeniably, one of the biggest and most prominent banks in the Philippines is BDO Unibank. Its variety of services and excellent offers have greatly hooked a public. You may apply for deposit accounts to credit cards to investment services and loan products.

With regards to the loans offered by the bank, it has several Personal Loan offers that are open for the public and for specific individuals. These are multi-purpose offers that can aid you in traveling, paying for the hospital bills, making a big purchase, funding an event, etc.

In this article, we will present some details regarding the BDO Personal Loans. You might like to know who are eligible to apply for each of them, the steps in applying, the requirements, the loanable amounts. etc.

Based on the official website of the bank, the BDO Personal Loan offers include the main personal loan that is open for the public and the two(2) loan offers under the Kabayan Program. Each has a set of eligibility qualification in applying.

The eligibility qualifications under the BDO Personal Loans have something to do with the citizenship, age, employment status and income of the borrower. Here is a list of what a borrower must possess.

Main BDO Personal Loan

To be eligible for the said offer, the applicant must be:

• a Filipino citizen or a foreigner who is living in the country for not less than two(2) years on the day of the loan application
• not less than 21 years old but not older than 70 years old on the day that the loan matures
• having a stable source of income
  • Employed applicant must be earning at least Php 120,000.00 per year and working in current company for not less than one(1) year on the day of loan application
  • Self-employed applicant must be earning at least Php 400,000.00 annually and must be a sole proprietor or a major stockholder of the company that is operating for not less than two(2) years on the day of loan application
  • Professional applicant must be earning at least Php 400,000.00 per year and in the service for at least one(1) year on the day of loan application
• a mobile contact number and a landline at an office or at home

How much you can borrow?

• Minimum Loanable Amount – Php 10,000.00
• Maximum Loanable Amount – Php 1,000,000.00

According to BDO, you may choose between 6, 12, 18, 24, and 36-month term in paying for the loan. You will have to pay the same fixed amount every month depending on the amount you borrowed.

Are you planning to apply for the said loan offer? It will only take you a few steps and some documents to prepare. You may visit – BDO PERSONAL LOAN: How To Apply For Personal Loan To Banco de Oro.

Kabayan Program Personal Loans

The two(2) loans under the BDO Kabayan Program are the BDO Kabayan Personal Loan Unsecured and the BDO Kabayan Personal Loan Secured. The former is open for the overseas Filipino workers (OFWs) who have fixed salary while the latter is “against hold-out on Joint or Individual account deposits maintained with BDO as security”.

Eligibility Qualifications in Applying:

Overseas Filipino Worker (OFW)

• Age – Between 25 to 65 years old
• Citizenship
  • Former Filipinos with or without dual citizenship
  • Filipinos married to foreigners
  • Filipinos based abroad
• Employment
  • 2 years continuous employed for OFWs
• Income – Php 20,000.00
• Trading Area – Beneficiary must be residing or working in an area covered by BDO Services

Seaman / Unskilled / Domestic Helpers

• Age – Between 25 to 65 years old
• Citizenship – Filipinos
• Employment
  • 3 years for domestic helpers
• Income – Php 20,000.00
• Trading Area – Beneficiary must be residing or working in an area covered by BDO Services

How much you can borrow?

The loanable amounts under these loan offers may depend on the account balance of the borrower. You may visit – BDO PERSONAL LOANS – How Much You Can Borrow Under It.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers