Applicants Must Prepare these BDO Home Loan Requirements (Full List)
BDO HOME LOAN REQUIREMENTS – Here is a full list of the requirements in applying for a house loan to Banco de Oro.
One of the loans that the Banco de Oro or more commonly known as BDO offers is a home loan. It can be used in several purposes related to housing such as:
- Buying of Vacant Lot
- Buying of House and Lot
- Buying of Condominium Unit
- Reimbursement of Acquisition
- Loan Take-out or Refinancing
- House Construction
- Renovation or Improvement of House
In applying for a house loan to Banco de Oro, the applicant must submit the loan application form and as well as the BDO Home Loan requirements to any branch of the bank.
Are you planning to apply for a house loan to BDO and want to see the full list of requirements?
Based on the official website of Banco de Oro, here is a full list of the BDO Home Loan requirements that an applicant must prepare:
Basic Documents
- Completely filled-out application form
- Photocopy of one (1) valid ID matching application details (Acceptable IDs: Passport, Driver’s License, SSS, PRC, OWWA ID, OFW ID, Seaman’s Book)
- Marriage contract for married applicants
Income Documents
Locally Employed
- Latest Income Tax Return or BIR Form 2316
- Latest three (3) months payslip
- Certificate of Employment with Income (COEI)
Self-Employed
- Photocopy of Audited Financial Statements for the last two (2) years with latest ITR
- Bank Statements or Photocopy of Passbook for the last six (6) months
- Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable)
- Business Background or Company Profile
Employed Abroad (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
According to BDO, for applicants with an additional source of income, lease contract and photocopy of titles are also requested.
For Foreign Nationals – an acceptable visa or one from the list below:
- Quota or Preference Immigrant Visa Holders (Sec 13 of Phil. Immigration Act)
- Non-Quota Immigrant Visa Holder
- Holders of Special Resident Retiree Visa (SRRV)
- Permanent residence status and working visas issued by the Subic Bay Metropolitan Authority (Republic Act No. 7227)
Collateral Documents
- Photocopy of Title
- Lot Plan with Vicinity Map
- Photocopy of Tax Declaration
Additional BDO Home Loan requirements for Construction Loan
- Building / Floor Plan of the proposed improvement
- Bill of materials
- Building Specification of proposed finishes
Additional BDO Home Loan requirements for Refinancing / Loan Take Out
- Statement of Account from the current bank and official receipts for the last three (3) months
Thank you for visiting our website. Hopefully, this has helped you in applying for a housing loan to Banco de Oro.
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I would like to ask if I’m qualified for a construction home loan. I’m 64 and I want a 5 years term, my lot is in the commercial area and I want to build a house for rent and a store. Our income is more than the amount required. I have some savings but not enough so I want to inquire and I can mortgage my lot as collateral.