Step-by-Step Process on How To Apply for BDO Home Loan Offer for Aspiring Clients
HOW TO APPLY FOR BDO HOME LOAN – Here is a guide on the process in applying for the Home Loan offer of BDO Unibank.
Banks are among the entities that you can turn to for a Home Loan offer. In the Philippines, one of the best options you might like to consider is the BDO Home Loan offer of BDO Unibank which is open for both salaried and non-salaried individuals.
In fact, the Home Loan offer is open not only for Filipinos who are living in the country but as well as overseas Filipino workers (OFWs). It can help you achieve your target residential property or get that vacant lot where you want to build your dream house.
Also, it is open to finance a house construction if you have your own design. Up to 80% of the price of the property may be financed by BDO Unibank. There is an easy process on how to apply for BDO Home Loan offer.
Step 1 — Ensure your qualifications to the BDO Home Loan offer. You must be a Filipino citizen or a foreign national who is at least 21 years old at the time of the loan application and not more than 70 years upon the end of the loan term and has a stable source of income.
Step 2 — Prepare the collateral requirements. There are documents pertaining to the collateral that must be submitted and presented in applying for the BDO Home Loan offer. You may refer to the list below:
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
Step 3 — Prepare the personal documentary requirements. There are also personal documents of the borrower that BDO Unibank requires in applying for the loan offer.
Step 4 — Submit the requirements to BDO. Go to a branch of BDO Unibank nearest to you and submit your documents to file your Home Loan application. After you submitted a complete set of requirements, wait for an update from the bank regarding the interview and the loan application result.