Lists of BDO OFW Loan Requirements for Application
BDO OFW LOAN REQUIREMENTS – Listed here are the documents required by BDO Unibank in applying for the loan offer.
Are you looking for a bank where you may apply for a loan that can help meet your multiple financial needs as an overseas Filipino worker? In the Philippines, one of the entities that you may turn to is BDO Unibank.
The BDO Unibank is one of the most popular and trusted banks in the country. It is in the service of the Filipino people for several decades now and is one of the biggest firms in the Philippine banking industry.
BDO has continually grew its offers through the years. It has several savings, deposit, and time deposit accounts, credit cards, loans, and many other financial products and services. One of the loans offered by the bank is exclusive among the overseas Filipino workers, the BDO Kabayan Loan.
The BDO Kabayan Loan is a non-collateral loan offer. Thus, a loan applicant does not need to have a property to be used as the collateral in applying for the loan. In applying for the loan, there are BDO OFW loan requirements that must be submitted.
The BDO OFW loan requirements depend if you are a land-based Pinoy worker abroad or a seafarer. Here are the documents required from land-based OFWs:
- duly-accomplished and signed BDO Kabayan Personal Loan Application Form
- Last six (6) months Certificate of Employment or current employment contract (if applicable); OR [should be one line only]
- Latest one (1) full month payslip; AND
- Six (6) months bank statements
- Six (6) months remittance slips (optional)
- any of the following government-issued IDs (front and back)
- Preferred IDs:
- Driver’s License
- Philippine Passport
- TIN ID
- SSS ID
- GSIS eCard
- Other acceptable IDs
- UMID Card
- PhilSys ID
- Voter’s ID
- Philippine Postal ID
- PRC ID
- Philhealth ID
- Preferred IDs:
- Signed Automatic Debit Arrangement Form
If you are a seafarer, there is a different set of BDO OFW loan requirements that you need to prepare and submit to the bank. Here are the documents that the bank requires:
- duly-accomplished and signed BDO Kabayan Personal Loan Application Form
- POEA Contract of Employment
- Seaman’s Book
- any of the following government-issued IDs (front and back)
- Preferred IDs:
- Driver’s License
- Philippine Passport
- TIN ID
- SSS ID
- GSIS eCard
- Other acceptable IDs
- UMID Card
- PhilSys ID
- Voter’s ID
- Philippine Postal ID
- PRC ID
- Philhealth ID
- Preferred IDs:
- Signed Automatic Debit Arrangement Form
Aside from knowing the requirements set by BDO Unibank, it is also best to know the BDO loan interest rates for OFWs as well as charges set by the bank.