When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO.
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BDO Kabayan Home Loan
The BDO offers financing assistance for the following purpose:
- Purchase of House and Lot / Townhouse Unit
- Purchase of Condominium Unit
- Purchase of Vacant Lot
- Construction of House
- House Renovation / Home Improvement
- Reimbursement of Acquisition
- Refinancing / Loan Take-out
Step 1 — Qualifications:
- At least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino Citizens or Foreign Nationals
- Minimum gross income of P50,000/month or its equivalent in US Dollars
- With stable source of income from employment or business
| Locally Employed | Self-Employed | Employed Abroad |
At least 2 years with current company
|
At least 2 consecutive profitable years of operation
|
• 2 to 3 years
consecutive employment
• Assignment of Beneficiary as Loan Administrator if not in the Philippines at
the time of application. |
Step 2 — Prepare The Requirements
• 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, if applicable
• Income Documents
| Locally Employed | Self-Employed | Employed Abroad |
• Latest Income Tax
Return or BIR Form 2316 • Latest three (3) months payslip • Certificate of Employment with Income (COEI) | • 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 |
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 |
If with Additional Source of Income from Rental of Property/ies
• Lease Contract
• Photocopy of Title | ||
BDO Kabayan Auto Loan
Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use.
Flexible Loan Terms
For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term
| Brand New | Pre-Owned | |||
| Personal Use | Business Use | Personal Use | Business Use | |
| Min. Downpayment | 20% | 30% | 30% | 40% |
| Max. Loan Term | 6 years | 3 years | 4 years | 2 years |
Step 1 —Check Your Qualifications
- At least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreigners residing in the Philippines for atleast 2 years
- Minimum gross family income of P50,000/month
- With stable source of income from employment or business
| Locally Employed | Self-Employed | Employed Abroad |
at least 2 years with current company
| at least 2 consecutive profitable years of operation | 2-3 years employment |
Step 2 — Prepare The Documents
Basic Document
Basic Document
- Completely filled out application form
- Identification Documents
- Photocopy of one (1) valid ID matching application details(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,OFW ID, Seaman’s Book)
- For Foreigners, Alien Certificate of Registration with Work Permit
| Locally Employed | Self-Employed | Employed Abroad |
Any of the following:
• Latest Income Tax Return or BIR Form 2316 or latest payslip • Certificate of Employment with Salary • Additional for Foreigners, current employment contract | • Photocopy of Audited Financial Statements for the last 2 years with latest ITR • Bank Statements or Photocopy of Passbook for the last 3 months • Certificate of Business Registration |
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 |
BDO Kabayan Personal Loan
You can apply for BDO Kabayan Personal Loan for the following purpose.
BDO Kabayan Program
- Home Renovation / Upgrades
- Tuition / Education
- Furniture
- Appliances / Electronic Gadgets
- Vacation / Travel
- Balance Transfer / Debt Consolidation
- Special Events
- Health and Wellness
- Medical Emergencies
BDO Kabayan Program
- BDO Kabayan Personal Loan Unsecured
- BDO Kabayan Personal Loan Secured
- The following are the type of deposits allowed for this facility:
- Peso or Dollar Savings Account
- Peso or Dollar Time Deposit – at least co-terminous with the loan tenor
- The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.
- Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan
- The following cannot be allowed to be held as collateral
- “In Trust For” accounts
- Accounts with existing/ongoing hold-out arrangements
Flexible loan amounts
Minimum of P10,000
For BDO Kabayan Personal Loan Secured
For Peso account, maximum of 90% of the deposit account balance
For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.
Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:
3 months (for Unsecured)
6 months
12 months
18 months
24 months
36 months
Loan proceeds will be credited to BDO account
Step 3 — Submit Application Form and Requirements
Applications for housing, auto-loan and personal loan can be done through the following;
• BDO Home Loan Provincial Business Centers
• More than 1,000 BDO Branches Nationwide
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©2018 THOUGHTSKOTO
©2018 THOUGHTSKOTO
