How Much Can I Borrow With A BDO Housing Loan?
- Minimum of P500,000.00
- Maximum of 80% of appraised value of property
Am I Eligible for a BDO Home Loan?
Yes, if you are:
- Filipino citizen or foreigner (see Visa requirements)
- At least 21 years old but not exceeding 65 years old upon loan maturity
- Minimum gross family income of P50,000.00/month.
- Stable source of income from employment or business
- If employed, at least 2 years with current company
- If self-employed, at least 2 consecutive successful and profitable years of operation.
What Documents Will I Need to Prepare?
If you have applied for a BDO Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:
Basic Documents
- Signed BDO application form
- Clear copy of 1 valid ID matching application details
- Marriage Contract, if applicable
- For foreigners, photocopy of Alien Certificate of Registration (ACR) showing Visa status as permanent immigrant or Alient Employment Permit (AEP) or Visa ID
If locally employed
- Latest Income Tax Return (ITR) or W2, and
- Latest 3 months payslips or Certificate of Employment with salary breakdown
If employed abroad (or Asenso Kabayan borrowers)
- Latest 3 months proof of remittance, or
- Latest 3 months payslip, or
- Certificate of Employment or Employment Contract duly autheticated by Philippine Consulate Office, or
- For seamen, latest Crew Contract and employment history or Crew Contract and Exit Pass from POEA
If self-employed
- Business Registration Papers (Certificate of Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation, whichever is applicable)
- Latest Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements (latest consecutive 3 months)
- Trade References: List of Suppliers and Customers (at least 3 each) or List of Affliated Hospitals/Clinics (for doctors)
- Lease Contracts and copy of title (for income derived from rental)
Types of Acceptable Visa for Foreigners
- Quota or Non-Quota Immigrant Visa:
- Alien spouse of a Filipino citizen (Sec 13A Visa)
- Natural-born Filipinos married to an Alien (Sec 13D Visa)
- Returning Resident (Section 13E Visa)
- Natural-born Filipinos naturalized in foreign country (Sec 13G Visa)
- Photocopy of Special Retiree’s Resident Visa (SRRV) or Quota/Preference Immigrant Visa
- Permanent Resident Status and working Visa granted by Subic Bay Metropolitan Authority (SBMA)
- Working Visa issued to Embassy Officials
Collateral Documents
- Photocopy of TCT / CCT
- Lot Plan with Vicinity Map certified by a Geodetic Engineer
- Master Deed of Declaration of Restrictions (for condominiums)
Additional Documents:
For Construction Loan
- Building Plan or Floor Plan
- Bill of Materials and Labor Cost
- Building Specifications certified by Architect/Civil Engineer
For Refinancing or Loan Take-out
- Statement of account and official receipts for the last 3 months