Personal Loan

 

HOW TO APPLY

Step 1: Check your Qualifications

BDO Personal Loan

Eligibility Requirements

• Must be 21 years old at time of application but not more than 70 years old upon loan maturity
• Applicant must be a Filipino citizen or a foreigner who is a resident of the Philippines
• Minimum Gross Fixed Annual Income Requirement:
      ◦ P180,000 for Salaried Employees
      ◦ P400,000 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
 

BDO Kabayan Program

1. Overseas Filipino Worker (OFW)

Eligibility Requirements
• At least 25 years old at the time of loan application and not more than 65 years old at the time of loan maturity
• Former Filipinos with or without dual citizenship; Filipinos married to foreigners; Filipinos based abroad/OFW and their Beneficiaries
• Must have at least two (2) years continuous employment contract
• Must have at least one (1) landline phone at either residence or employment/business
• Gross monthly income must be at least P20,000 or its US$ equivalent
• With good credit history

Beneficiary Requirements
(Required only if proceeds will be released to any person other than the applicant him/herself)
• Must have a landline
• Limited to the following: spouse or children, immediate family members (parents or siblings), relatives of up to 3rd degree of consanguinity
• Beneficiary must be residing/working within BDO serviceable areas (30km radius from any BDO branch)

Processing Guidelines
• Employment verification with employer will be done via callout or email
 

2. Seaman/ Domestic Helpers

Eligibility Requirements
• At least 25 years old at the time of loan application and not more than 65 years old at the time of loan maturity
• Must be Filipino citizen
• Must have at least 3 years continuous employment contract
• Must have at least 1 landline phone at either residence or employment/business
• Gross monthly income must be at least P20,000 or its US$ equivalent
• With good credit standing

Beneficiary Requirements
(Required only if proceeds will be released to any person other than the applicant him/herself)
• Must have a landline
• Limited to the following: spouse or children, immediate family members (parents or siblings), relatives of up to 3rd degree of consanguinity
• Beneficiary must be residing/working within BDO serviceable areas (30km radius from any BDO branch)

Processing Guidelines
• Check Manning Agency vs. POEA Manning Agency List
• Employment verification with Manning Agency

 

Step 2: Prepare the Documents

BDO Personal Loan & Kabayan Program

 

Basic Document Requirements
Pre-Approval

 

Proof of Income for Salaried Employees

• Photocopy of the latest Income Tax Return duly stamped as received by the Bureau of Internal Revenue (BIR) or BIR Form 2316 signed by employer's authorized representative (MANDATORY)
• Plus any of the following: Latest full-month's payslip/s ; Original Certificate of Employment indicating status, service tenure and compensation breakdown

 

Proof of Income for Self-Employed/Professionals

• Photocopy of the 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)
• Photocopy of Registration of Business Name (MANDATORY)
     ◦ For Single Proprietorship: issued by the Department of Trade and Industry (DTI)
     ◦ For Partnerships: issued by the Securities and Exchange Commission (SEC)
• Latest three (3) months' bank statement (OPTIONAL)
 

Proof of Identification
Photocopy of at least two (2) valid photo-bearing identification documents, front and back, issued and signed by an official authority such as:

• Passport
• Driver's License
• Unified Multi-Purpose ID (UMID)
• Professional Regulations Commission (PRC) ID
• National Bureau of Investigation (NBI) Clearance
• Police Clearance
• Postal ID
• Voter's ID
• Barangay Certification
• Government Service Insurance System (GSIS) E-card
• Social Security System (SSS) Card
• Senior Citizen Card
• Overseas Workers Welfare Administration (OWWA) ID
• OFW ID
• Seaman's Book
• Alien Certification of Registration/Immigrant Certificate of Registration
• Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
• Department of Social Welfare and Development Certification (DSWDC)
• Integrated Bar of the Philippines ID
• Company ID's issued by private entities or institutions registered or supervised either by BSP, SEC or IC.

 

For Resident Foreigners Only

• Copy of Employment Contract or Certificate of Employment
• Letter from the Embassy (if Embassy Official)
• Any one of the following valid documents: Valid VISA and work permit; Alien Certificate of Registration (ACR) or Immigrant Certificate of Registration (ICR) or ACR-I; or Valid passport with any of the following: Special Investors Resident VISA, Special Non-Immigrant VISA for PEZA investors and employees, VISA with EO266

 

Additional document requirements for BDO Kabayan Program

• Signed Automatic Debit Arrangement Form
• Authorization Letter for Beneficiary signed by OFW
• Beneficiary Information Form

Step 3: Submit Application Form and Requirements

BDO Personal Loan & Kabayan Program

• Submit your application at any of our BDO branch nationwide
• For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:

  ◦ BDO Kabayan – Secured
      ▪ Application Form
      ▪ Deed of Assignment Form
      ▪ Automatic Debit Arrangement Form
      ▪ Beneficiary Information Form

  ◦ BDO Kabayan – Unsecured
      ▪ Application Form
      ▪ Authorization Form
      ▪ Automatic Debit Arrangement Form
      ▪ Beneficiary Information Form

 

 

For Inquiries

Call BDO Customer Center at +63 2 8631-8000