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Showing posts with label Home Loan. Show all posts
Showing posts with label Home Loan. Show all posts

Monday, August 27, 2018

Where to Apply for A Personal Loan If You're a Sea-based or Land-based OFW?






In spite of earning big while working abroad, there are times that Overseas Filipino Workers (OFWs) fall short financially due to the many expenses they need to paid or provide for family back home. With Personal Loan from different banks in the Philippines, OFWs may have additional support for the financial needs of the family aside from their monthly salary.



In spite of earning big while working abroad, there are times that Overseas Filipino Workers (OFWs) fall short financially due to the many expenses they need to paid or provide for family back home. With Personal Loan from different banks in the Philippines, OFWs may have additional support for the financial needs of the family aside from their monthly salary. OFW's personal loan may serve many purposes in life. It is a big help if you are doing some upgrades or home renovation. You can also use the money to pay for your children's tuition or education. Other's apply personal loan for a family's dream vacation or for a medical emergency. Whatever your purpose in applying, here are five best bank in the Philippines that offers a personal loan for OFWs including seafarers. 1. BDO OFWs can apply for BDO personal loan thru its Asenso Kabayan Program. Qualifications: At least 25 years old but not more than 65 years old upon the maturity of the loan At least 2 years employed abroad for skilled workers (3 years for domestic helpers/seaman/unskilled workers) Gross monthly income must be P20,000 or its US$ equivalent Loanable Amount — P10,000 Loan Term: Minimum of 6 months Maximum of 36 months Requirements: Photocopy of the latest BIR Form 2316 Original Certificate of Employment and Income (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensation Photocopy of last full month payslip Photocopy of at least two (2) valid IDs How to Apply: You may submit your application at any of BDO branches nationwide. For OFWs abroad, you may download the forms from bdo.com.ph 2. Bank of the Philippine Island (BPI) If you are an OFW, BPI has a Personal Loan for you! Qualification: Must be 21 years old and above to apply and not more than 60 years old upon loan maturity Working abroad for at least two years and earning a minimum of P30,000 per month Loanable Amount — P20,000 to P2 million Loan Term: Minimum of 12 months Maximum of 36 months Requirements: 1. Two (2) valid government-issued photo-bearing IDs 2. Proof of income documents: Agency-based: - Latest and unexpired signed POEA contract; OR - Employment contract with boarding date For Direct Hire - Latest 3 months Proof of remittance - Latest and Unexpired POEA Validated Information Sheet; OR - Latest POEA Overseas Employment Certificate (OEC) AND latest Employment Contract (In lieu of OEC print-out: OEC Exemption Screenshot with OEC BM Online Profile); OR - Consularized COE (If remitter is a permanent resident in the country) How to Apply Completely fill out the application form Scan and email your documents to personal_loan@bpi.com.ph Wait for the email verification that the bank receives your application

OFW's personal loan may serve many purposes in life. It is a big help if you are doing some upgrades or home renovation. You can also use the money to pay for your children's tuition or education. Other's apply personal loan for a family's dream vacation or for a medical emergency.



Whatever your purpose in applying, Banco de Oro (BDO) and Bank of the Philippine Island (BPI) offers a personal loan for OFWs, including seafarers!

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1. BDO

OFWs can apply for BDO personal loan thru its Asenso Kabayan Program.



Qualifications:

  • At least 25 years old but not more than 65 years old upon the maturity of the loan
  • At least 2 years employed abroad for skilled workers (3 years for domestic helpers/seaman/unskilled workers)
  • Gross monthly income must be P20,000 or its US$ equivalent



Loan Term:
  • Minimum of 6 months
  • Maximum of 36 months


  • Photocopy of the latest BIR Form 2316
  • Original Certificate of Employment and Income (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensation
  • Photocopy of last full month payslip
  • Photocopy of at least two (2) valid IDs

How to Apply:



You may submit your application at any of BDO branches nationwide.

For OFWs abroad, you may download the forms from  bdo.com.ph

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2. Bank of the Philippine Island (BPI)



If you are an OFW, BPI has a Personal Loan for you!



Qualification:

  • Must be 21 years old and above to apply and not more than 60 years old upon loan maturity
  • Working abroad for at least two years and earning a minimum of P30,000 per month

Loanable Amount — P20,000 to P2 million


  • Minimum of 12 months
  • Maximum of 36 months
Requirements:
  • Two (2) valid government-issued photo-bearing IDs 
  • Proof of income documents: 
Agency-based: 
— Latest and unexpired signed POEA contract; OR
— Employment contract with boarding date 

For Direct Hire
—Latest 3 months Proof of remittance 
—Latest and Unexpired POEA Validated Information Sheet; OR 
—Latest POEA Overseas Employment Certificate (OEC) AND latest Employment Contract
(In lieu of OEC print-out: OEC Exemption Screenshot with OEC BM Online Profile); OR
—Consularized COE (If remitter is a permanent resident in the country)


 How to Apply

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This article is filed under personal loan, OFW loan, banks loan, saving account, financial needs, best bank, home loan, car loan, salary loan and loan.

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Monday, April 30, 2018

Everything You Need to Know About BDO Kabayan Home, Car and Personal Loan

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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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. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. 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 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 Income Documents: 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. 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 A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. 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 Benefits 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; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide
So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from 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 EmployedSelf-EmployedEmployed 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 EmployedSelf-EmployedEmployed 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 NewPre-Owned
Personal
Use		Business UsePersonal
Use		Business Use
Min. Downpayment20%30%30%40%
Max.
Loan Term		6 years3 years4 years2 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 EmployedSelf-EmployedEmployed Abroad
at least 2 years with current company
at least 2 consecutive profitable years of operation2-3 years employment

Step 2 — Prepare The Documents
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
Income Documents:
Locally EmployedSelf-EmployedEmployed 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.
  • 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
A multi - purpose and non collateral Personal Loan for OFWs with fixed income.
  • BDO Kabayan Personal Loan Secured
The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.
  • The following are the type of deposits allowed for this facility:

  1. Peso or Dollar Savings Account
  2. 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
  1. “In Trust For” accounts
  2. Accounts with existing/ongoing hold-out arrangements
Benefits

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
SEE ALSO:
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. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. 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 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 Income Documents: 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. 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 A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. 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 Benefits 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; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide

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. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. 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 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 Income Documents: 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. 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 A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. 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 Benefits 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; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide

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. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. 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 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 Income Documents: 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. 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 A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. 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 Benefits 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; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide

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Tuesday, January 16, 2018

Mortgage Loan: What You Need To Know


Having a home is the most fervent need of all people being the basic need. We all need a shelter and a safe place where our family can stay. Some people rent, but you cannot rent in your entire life. You will eventually come with an idea of getting a house you can call a home. But where would you start? Do you have enough money to buy it in cold cash? What are the options? Where do you find help. The best alternative in getting funds for purchasing a house and lot is through bank mortgage or through private brokers. In this article, we will provide information about the basics of a mortgage loan and how it works. What is a mortgage loan? Mortgage loan or commonly referred to as mortgage is used to buy a house or other properties. In this arrangement, you as a borrower, is giving the lender, usually a bank or a mortgage company, the right to the property until you have settled all the needed payment including the interests. Therefore, if you used a mortgage to buy a house, the loan is being insured by the house you purchased by serving as a guarantee. In case that you missed the monthly payments, the lender has the right to take back the hose you purchased. Most people rely on mortgage to help them buy a real property. A very thin number of the population could buy properties using cold cash. From whom and where can you get a mortgage? If you are planning to buy a property, there are some ways to get a mortgage— it could be through banks or mortgage brokers. To know the processes you need to go through in applying for a mortgage, click here. Sponsored Links How to acquire a mortgage loan from the bank? Negotiating with the bank is the most preferred way by most people. A loan officer will be the one to assist you in your mortgage application. In general, the additional charges are very minimal if you apply for a mortgage direct from the bank. Because it doesn't involve a middle man, the cost could be lesser. So If you have an excellent credit history, good job with stable income and financial assets, you will not have any problems in getting that mortgage that you will apply for. Getting a mortgage from a mortgage broker. Mortgage brokers act as a "middle man" in a mortgage transaction. giving advises about what will be the best loan for you. They are not the ones who directly lend the money to you, instead, they work as a representative of the borrower. In finding the right mortgage broker, you should bear in mind that the most skilled broker works with many mortgage lenders. You should also need to make sure that he\she has good track record and they know they way around the industry. Dealing with a good broker could help you understand the best deal based on your financial situation and credit history. Original Article in Tagalog from imoney.ph Read More: Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily {EMBED 3 LINKS POST FROM JBSOLIS HERE} ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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Having a home is the most fervent need of all people being the basic need. We all need a shelter and a safe place where our family can stay. Some people rent, but you cannot rent in your entire life. You will eventually come with an idea of getting a house you can call a home. But where would you start? Do you have enough money to buy it in cold cash? What are the options? Where do you find help.
The best alternative in getting funds for purchasing a house and lot is through bank mortgage or through private brokers. In this article, we will provide information about the basics of a mortgage loan and how it works.
Having a home is the most fervent need of all people being the basic need. We all need a shelter and a safe place where our family can stay. Some people rent, but you cannot rent in your entire life. You will eventually come with an idea of getting a house you can call a home. But where would you start? Do you have enough money to buy it in cold cash? What are the options? Where do you find help. The best alternative in getting funds for purchasing a house and lot is through bank mortgage or through private brokers. In this article, we will provide information about the basics of a mortgage loan and how it works. What is a mortgage loan? Mortgage loan or commonly referred to as mortgage is used to buy a house or other properties. In this arrangement, you as a borrower, is giving the lender, usually a bank or a mortgage company, the right to the property until you have settled all the needed payment including the interests. Therefore, if you used a mortgage to buy a house, the loan is being insured by the house you purchased by serving as a guarantee. In case that you missed the monthly payments, the lender has the right to take back the hose you purchased. Most people rely on mortgage to help them buy a real property. A very thin number of the population could buy properties using cold cash. From whom and where can you get a mortgage? If you are planning to buy a property, there are some ways to get a mortgage— it could be through banks or mortgage brokers. To know the processes you need to go through in applying for a mortgage, click here. Sponsored Links How to acquire a mortgage loan from the bank? Negotiating with the bank is the most preferred way by most people. A loan officer will be the one to assist you in your mortgage application. In general, the additional charges are very minimal if you apply for a mortgage direct from the bank. Because it doesn't involve a middle man, the cost could be lesser. So If you have an excellent credit history, good job with stable income and financial assets, you will not have any problems in getting that mortgage that you will apply for. Getting a mortgage from a mortgage broker. Mortgage brokers act as a "middle man" in a mortgage transaction. giving advises about what will be the best loan for you. They are not the ones who directly lend the money to you, instead, they work as a representative of the borrower. In finding the right mortgage broker, you should bear in mind that the most skilled broker works with many mortgage lenders. You should also need to make sure that he\she has good track record and they know they way around the industry. Dealing with a good broker could help you understand the best deal based on your financial situation and credit history. Original Article in Tagalog from imoney.ph Read More: Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily {EMBED 3 LINKS POST FROM JBSOLIS HERE} ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

What is a mortgage loan?
Mortgage loan or commonly referred to as mortgage is used to buy a house or other properties. In this arrangement, you as a borrower, is giving the lender, usually a bank or a mortgage company, the right to the property until you have settled all the needed payment including the interests.
Therefore, if you used a mortgage to buy a house, the loan is being insured by the house you purchased by serving as a guarantee. In case that you missed the monthly payments, the lender has the right to take back the hose you purchased.
Most people rely on mortgage to help them buy a real property. A very thin number of the population  could buy properties using cold cash.
Having a home is the most fervent need of all people being the basic need. We all need a shelter and a safe place where our family can stay. Some people rent, but you cannot rent in your entire life. You will eventually come with an idea of getting a house you can call a home. But where would you start? Do you have enough money to buy it in cold cash? What are the options? Where do you find help. The best alternative in getting funds for purchasing a house and lot is through bank mortgage or through private brokers. In this article, we will provide information about the basics of a mortgage loan and how it works. What is a mortgage loan? Mortgage loan or commonly referred to as mortgage is used to buy a house or other properties. In this arrangement, you as a borrower, is giving the lender, usually a bank or a mortgage company, the right to the property until you have settled all the needed payment including the interests. Therefore, if you used a mortgage to buy a house, the loan is being insured by the house you purchased by serving as a guarantee. In case that you missed the monthly payments, the lender has the right to take back the hose you purchased. Most people rely on mortgage to help them buy a real property. A very thin number of the population could buy properties using cold cash. From whom and where can you get a mortgage? If you are planning to buy a property, there are some ways to get a mortgage— it could be through banks or mortgage brokers. To know the processes you need to go through in applying for a mortgage, click here. Sponsored Links How to acquire a mortgage loan from the bank? Negotiating with the bank is the most preferred way by most people. A loan officer will be the one to assist you in your mortgage application. In general, the additional charges are very minimal if you apply for a mortgage direct from the bank. Because it doesn't involve a middle man, the cost could be lesser. So If you have an excellent credit history, good job with stable income and financial assets, you will not have any problems in getting that mortgage that you will apply for. Getting a mortgage from a mortgage broker. Mortgage brokers act as a "middle man" in a mortgage transaction. giving advises about what will be the best loan for you. They are not the ones who directly lend the money to you, instead, they work as a representative of the borrower. In finding the right mortgage broker, you should bear in mind that the most skilled broker works with many mortgage lenders. You should also need to make sure that he\she has good track record and they know they way around the industry. Dealing with a good broker could help you understand the best deal based on your financial situation and credit history. Original Article in Tagalog from imoney.ph Read More: Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily {EMBED 3 LINKS POST FROM JBSOLIS HERE} ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

From whom and where can you get a mortgage?
If you are planning to buy a property, there are some ways to get a mortgage— it could be through banks or mortgage brokers.

To know the processes you need to go through in applying for a mortgage, click here.

Sponsored Links
Having a home is the most fervent need of all people being the basic need. We all need a shelter and a safe place where our family can stay. Some people rent, but you cannot rent in your entire life. You will eventually come with an idea of getting a house you can call a home. But where would you start? Do you have enough money to buy it in cold cash? What are the options? Where do you find help. The best alternative in getting funds for purchasing a house and lot is through bank mortgage or through private brokers. In this article, we will provide information about the basics of a mortgage loan and how it works. What is a mortgage loan? Mortgage loan or commonly referred to as mortgage is used to buy a house or other properties. In this arrangement, you as a borrower, is giving the lender, usually a bank or a mortgage company, the right to the property until you have settled all the needed payment including the interests. Therefore, if you used a mortgage to buy a house, the loan is being insured by the house you purchased by serving as a guarantee. In case that you missed the monthly payments, the lender has the right to take back the hose you purchased. Most people rely on mortgage to help them buy a real property. A very thin number of the population could buy properties using cold cash. From whom and where can you get a mortgage? If you are planning to buy a property, there are some ways to get a mortgage— it could be through banks or mortgage brokers. To know the processes you need to go through in applying for a mortgage, click here. Sponsored Links How to acquire a mortgage loan from the bank? Negotiating with the bank is the most preferred way by most people. A loan officer will be the one to assist you in your mortgage application. In general, the additional charges are very minimal if you apply for a mortgage direct from the bank. Because it doesn't involve a middle man, the cost could be lesser. So If you have an excellent credit history, good job with stable income and financial assets, you will not have any problems in getting that mortgage that you will apply for. Getting a mortgage from a mortgage broker. Mortgage brokers act as a "middle man" in a mortgage transaction. giving advises about what will be the best loan for you. They are not the ones who directly lend the money to you, instead, they work as a representative of the borrower. In finding the right mortgage broker, you should bear in mind that the most skilled broker works with many mortgage lenders. You should also need to make sure that he\she has good track record and they know they way around the industry. Dealing with a good broker could help you understand the best deal based on your financial situation and credit history. Original Article in Tagalog from imoney.ph Read More: Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily {EMBED 3 LINKS POST FROM JBSOLIS HERE} ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
How to acquire a mortgage loan from the bank?
Negotiating with the bank is the most preferred way by most people. A loan officer will be the one to assist you in your mortgage application. In general, the additional charges are very minimal if you apply for a mortgage direct from the bank. Because it doesn't involve a middle man, the cost could be lesser. So If you have an excellent credit history, good job with stable income and financial assets, you will not have any problems in getting that mortgage that you will apply for.
Having a home is the most fervent need of all people being the basic need. We all need a shelter and a safe place where our family can stay. Some people rent, but you cannot rent in your entire life. You will eventually come with an idea of getting a house you can call a home. But where would you start? Do you have enough money to buy it in cold cash? What are the options? Where do you find help. The best alternative in getting funds for purchasing a house and lot is through bank mortgage or through private brokers. In this article, we will provide information about the basics of a mortgage loan and how it works. What is a mortgage loan? Mortgage loan or commonly referred to as mortgage is used to buy a house or other properties. In this arrangement, you as a borrower, is giving the lender, usually a bank or a mortgage company, the right to the property until you have settled all the needed payment including the interests. Therefore, if you used a mortgage to buy a house, the loan is being insured by the house you purchased by serving as a guarantee. In case that you missed the monthly payments, the lender has the right to take back the hose you purchased. Most people rely on mortgage to help them buy a real property. A very thin number of the population could buy properties using cold cash. From whom and where can you get a mortgage? If you are planning to buy a property, there are some ways to get a mortgage— it could be through banks or mortgage brokers. To know the processes you need to go through in applying for a mortgage, click here. Sponsored Links How to acquire a mortgage loan from the bank? Negotiating with the bank is the most preferred way by most people. A loan officer will be the one to assist you in your mortgage application. In general, the additional charges are very minimal if you apply for a mortgage direct from the bank. Because it doesn't involve a middle man, the cost could be lesser. So If you have an excellent credit history, good job with stable income and financial assets, you will not have any problems in getting that mortgage that you will apply for. Getting a mortgage from a mortgage broker. Mortgage brokers act as a "middle man" in a mortgage transaction. giving advises about what will be the best loan for you. They are not the ones who directly lend the money to you, instead, they work as a representative of the borrower. In finding the right mortgage broker, you should bear in mind that the most skilled broker works with many mortgage lenders. You should also need to make sure that he\she has good track record and they know they way around the industry. Dealing with a good broker could help you understand the best deal based on your financial situation and credit history. Original Article in Tagalog from imoney.ph Read More: Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily {EMBED 3 LINKS POST FROM JBSOLIS HERE} ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
Getting a mortgage from a mortgage broker.
Mortgage brokers act as a "middle man" in a mortgage transaction. giving advises about what will be the best loan for you. They are not the ones who directly lend the money to you, instead, they work as a representative of the borrower.
In finding the right mortgage broker, you should bear in mind that the most skilled broker works with many mortgage lenders. You should also need to make sure that he\she has good track record and they know they way around the industry. Dealing with a good broker could help you understand the best deal based on your financial situation and credit history.
SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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