How much can I borrow?
With a BDO Personal Loan, borrow as much as P1,000,000, subject to approval. You can even borrow as little as P10,000, for those short-term emergencies.
What are the BDO Personal Loan Requirements?
An applicant must fulfill BDO’s eligibility criteria for a loan:
- Filipino citizen or foreigner residing in the Philippines for more than two (2) years
- Must be 21 years old at time of application but no more than 70 years old upon maturity
- Minimum Gross Annual income?:
- P120,000 for Salaried Employees
- P400,000 for Self-Employed / Professionals?
- Must have at least one (1) landline at either residence or office
- Residence or office must be within BDO serviceable area
- Additional application requirement for Salaried Employees:
- Must be at least one (1) year tenure with the company
- Additional application requirement for Self-Employed:
- Must be a sole proprietor or majority part-owner of a company operating for at least two (2) years.
- Additional application requirement for Professionals:
- Must be in private practice for at least one (1) year
Consequently, after filling out an application form, the following documents are necessary:
Fully Employed applicants need:
- Photocopy of the latest BIR Form 2316 or W2 signed by employer’s authorized representative (MANDATORY) and submit any of the following:
- 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 pay slip
Self – Employed applicants need:
- Photocopy of Registration of Business Name
- For Single Proprietorship issued by the DTI (Department of Trade and Industry)
- For Partnerships issued by the SEC (Securities and Exchange Commission):
- Photocopy of latest ITR and W4 with BIR/Bank Stamp (MANDATORY)
- Photocopy of latest Audited Financial Statements for the last two (2) years
- Photocopy of Bank Statements for the last six (6) months (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
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Other government-issued IDs
- Company ID’s issued by private entities or institutions registered or supervised either by BSP, SEC or IC.
Resident foreigners need:
- Copy of Employment Contract or Certificate of Employment
- Letter from the Embassy (if Embassy Official)
- Submit photocopy of any of the following:
- Valid Passport with Resident Visa; OR
- Work Permit and valid Visa; OR
- Special Investor’s Resident Visa and Visas Philippine Economic Authority or Visa with EO226; OR
- ACR or ICR or ACR1
*Additional documents may be required during credit evaluation.