Why choose BDO Personal Loan
Application requirements
- Must be 21 years old at time of application but not more than 60 years old upon loan maturity
- Applicant must be a Filipino citizen or a foreigner who is a resident of the Philippines
- Minimum Gross Fixed Monthly Income Requirement:
- ₱15,000 for Salaried Employees
- ₱35,000 for Self-Employed / Professionals
- Regular employee or self-employed with business operating at least two (2) years
- One (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
- Residence or office address must be within any area where a BDO branch is located
Proof of Identification
Filipino
Any of the following government-issued IDs (front and back)
Filipino
Any of the following government-issued IDs (front and back)
- Preferred IDs – Driver’s License, Philippine Passport, TIN ID, SSS ID or GSIS ID eCard
- Other acceptable IDs – UMID Card, PhilSys ID, Voter’s ID, Philippine Postal ID, PRC ID or Philhealth ID
- Copy of Employment Contract or Certificate of Employment
- Letter from the Embassy (if Embassy Official)
- PLUS any of the following:
- Valid VISA and work permit
- Alien Certificate of Registration (ACR) or Immigrant Certificate of Registration (ICR) or ACR-I
- Valid passport with any of the following: Special Investors Resident VISA, Special Non-Immigrant VISA for PEZA or VISA with EO226
Proof of Income
Salaried/Employed
Salaried/Employed
- Latest Income Tax Return (ITR) duly stamped and received by the Bureau of Internal Revenue or BIR Form 2316 signed by employer’s authorized representative
- Latest full month’s payslip
- Original Certificate of Employment indicating status, service tenure and compensation breakdown
- If with credit card from other banks, copy of the latest two (2) months statement of credit card existing at least one (1) year
Self-employed / Professionals
Photocopy of the following:
- Latest Income Tax Return duly stamped as received by the Bureau of Internal Revenue (BIR) and Audited Financial Statements for the last two (2) years (MANDATORY)
- Registration of Business Name (MANDATORY)
- For Single proprietorship – issued by the Department of Trade and Industry (DTI)
- For Partnerships or Corporations – issued by the Securities and Exchange Commission (SEC)
- Latest three (3) months bank statement (OPTIONAL)
- If requested loan amount is more than P1 Million:
- Latest three (3) months bank statement and at least one (1) trade reference
- GIS (if company is a corporation)
Submit your application at any BDO branch, nationwide.
Overseas Filipino Worker (OFW)
- At least 25 years old at the time of application and up to 65 years old at the time of loan maturity
- Filipino citizen or former Filipinos with or without dual citizenship
- Must have at least two (2) years continuous employment contract
- At least one (1) landline in either local or foreign residence or employment location, and beneficiary must have a landline
- Gross monthly income of ₱20,000 or its US$ equivalent
With good credit history
Seaman/ Domestic Helpers
- At least 25 years old at the time of application and up to 65 years old at the time of loan maturity
- Filipino citizen or former Filipinos with or without dual citizenship
- Must have at least three (3) years continuous employment contract
- At least one (1) landline in either local or foreign residence or employment location, and beneficiary must have a landline
- Gross monthly income of ₱20,000 or its US$ equivalent
- With good credit history
- At least one (1) of beneficiary’s address (residence or employment/business) should be located within BDO serviceable areas. Beneficiary are limited to spouse or children, immediate family members (parents or siblings), and relatives up to 3rd degree of consanguinity
- For seafarers, manning agency must be accredited by Philippine Overseas Employment Administration (POEA)
Proof of Identification
Filipino
Any of the following government-issued IDs (front and back)
- Preferred IDs – Driver’s License, Philippine Passport, TIN ID, SSS ID and GSIS eCard
- Other acceptable IDs – UMID Card, PhilSys ID, Voter’s ID, Philippine Postal ID, PRC ID and Philhealth ID
Proof of Income
Land based/ Employed:
- Last six (6) months Certificate of Employment or current employment contract (if applicable); OR [should be one line only]
- Latest one (1) full month payslip; AND
- Six (6) months bank statements
- Six (6) months remittance slips (optional)
Seafarers (Mandatory)
- POEA Contract of Employment
- Seaman’s Book
Additional documents required for BDO Kabayan Personal Loan
- Signed Automatic Debit Arrangement Form
Use the BDO Kabayan Application Forms by clicking on the following links:
BDO Kabayan – Secured
BDO Kabayan – Secured
BDO Kabayan – Unsecured
Frequently Asked Questions
Minimum amount that you can borrow is ₱10,000.00 and maximum is ₱2 Million. Loan amount is subject to bank approval and will be based on the income documents submitted.
You may choose to pay the loan at 6, 12, 18, 24, or 36-month terms.
- Processing Fee - ₱1,300 (Deducted from the loan proceeds)
- Documentary Stamp Tax Fee – ₱1.50 for every ₱200 approved loan amount or fraction thereof, whichever is higher. Applicable for approved loan amount greater than ₱250,000 or for business purpose (regardless of the amount).
- Penalty Fee – 5% per month of the unpaid amount due
- Late Payment Fee – 5% per month of the unpaid principal
- Installment Processing Fee – 5% of the outstanding principal balance, or ₱300, whichever is higher. For processing of full payment of outstanding balance before end of payment term.
- Certification Request Fee – ₱100 per request
Visit any BDO branch near you.
Conveniently pay your monthly amortization via Auto-Debit Arrangement (ADA) with your BDO Current or Savings Account.
Yes, subject to fees and charges. See table of fees and charges above.
Yes, as long as your existing Personal Loan has been paid for six (6) months and is in good credit handling.
Contact us
BDO Corporate Center:
7899 Makati Avenue Makati City 0726, Philippines Trunkline: (+632) 8840-7000
BDO Contact Center:
This channel is dedicated to handling the following concerns only:
- Updating of registered online banking contact information while overseas
- Facilitating online banking enrollments while overseas
- Reporting of phishing attempts and/or data privacy issues
The above-listed concerns shall be responded to within one (1) to two (2) days.
