Guide on Whether You May Apply for BDO Home Loan For Another Person or Not
BDO HOME LOAN – Here is a guide on whether you may apply for this BDO Unibank loan offer on behalf of another person or not.
A lot of banks in the Philippines now got loan offers that can assist in residential property acquisition and house construction or renovation. One of these banks is the popular and trusted BDO Unibank.
The home loan offer of the said bank is open for several purposes. It can aid you in any of the following:
- buying a house and lot
- purchasing a townhouse unit
- buying a vacant lot
- house construction
- home renovation or improvement
- reimbursement of house acquisition
- loan take-out
BDO Unibank has set a list of eligibility qualifications under the BDO Home Loan aside from the documentary requirements. To be eligible to apply for the said loan offer, the borrower must be:
- between 21 to 70 years old
- a Filipino citizen or a foreign national
- earning at least Php 50,000.00 per month
- in a stable employment status
- LOCALLY EMPLOYED – at least two(2) years with current company
- SELF-EMPLOYED – at least two(2) profitable years of business operations
- OVERSEAS FILIPINO WORKER – at least two(2) years of consecutive employment
Can I apply for BDO Home Loan on behalf of another person?
On its official website, BDO has provided the question focusing on applying on behalf of the borrower’s parents and for home renovation purposes. According to the bank, a person may apply as the borrower with his or her parents, the owner of the property, as co-borrowers or mortgagors of the loan.
Do you want to know how much you can borrow under the said loan offer? You may visit this page – BDO HOME LOAN LOANABLE AMOUNTS – How Much You Can Borrow.
The application process is simple. You may visit – BDO HOME LOAN: How To Apply for House Loan to Banco de Oro.
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