Guide on BDO Home Loan Requirements for Application Process
Here are the BDO Home Loan requirements set by the popular banking entity in the Philippines in applying for the loan offer.
Countless Filipinos achieved their dream house through loan offers. One of the entities behind these home loan offers in the Philippines is BDO Unibank, a banking giant in the country. Its loan offer is open to finance the acquisition of residential properties, house construction, home renovation, and home loan equity.
The home loan offer of BDO Unibank is open for both locally-employed and self-employed individuals. Overseas Filipino workers (OFWs) may also be eligible for it as well as foreign nationals.
There are BDO Home Loan requirements that must be submitted in applying for the loan offer. The lists depends if you have a BDO account or none. If you have a BDO account. here are the documents needed for application:
- duly-accomplished and signed BDO Home Loan Application Form
- proof of income
- Self-Employed
- Bank Statement
- Audited Financial Statements for the last two (2) years
- Overseas Filipino Workers (OFWs)
- Latest three (3) months payslips
- Latest Crew Contract, if sea-based
- Latest proof of remittance for the last three (3) months
- Latest Certificate of Employment with Income (COEI)
- Self-Employed
If you don’t have an account with BDO, here are the BDO Home Loan requirements that you must prepare in applying for the loan offer:
- duly-accomplished and signed BDO Home Loan Application Form
- photocopy of one (1) valid ID matching application details
- Marriage Contract, if applicable
- proof of income
- Locally Employed
- Latest Certificate of Employment with Income (COEI)
- Latest three (3) months payslips
- Latest Income Tax Return (ITR)
- Self-Employed
- Certificate of Business Registration from SEC, if applicable
- Audited Financial Statements for the last two (2) years
- Bank Statement, non-BDO Account
- OFW
- Latest three (3) months payslips
- Latest proof of remittance for the last three (3) months
- Latest Crew Contract, if sea-based
- Latest Certificate of Employment with Income (COEI)
- Locally Employed
Aside from the personal documents of the borrower, there are collateral documents that must be submitted to BDO Unibank in applying for the home loan offer. Here’s a guide on the documents that you must prepare:
If the developer of the property is accredit with BDO
- Contract to Sell (CTS)
If the developer of the property is not accredited with BDO or a sole seller
- Photocopy of TCT/CCT and/or Contract to Sell (CTS)
- Photocopy of Tax Declaration
- Authorization of Tax Mapping signed by present owner
- Copy of payment for Appraisal Fee
For the purpose of house construction
- Photocopy of TCT
- Photocopy of Tax Declaration
- Building Plan
- Building Specifications
- Copy of payment for Appraisal Fee
There are options with regards to the process in applying for the BDO Home Loan offer. There are also fees that you must be aware of should you wish to achieve your dream house with the help of BDO Unibank’s loan offer.
