Guide on BDO Multipurpose Loan Requirements 2026 for Application
BDO MULTI-PURPOSE LOAN REQUIREMENTS 2026 – For locally-employed individuals, here are the documents that you will need.
For many years, BDO Unibank has consistently delivered dependable financial services, earning the confidence of Filipinos both locally and overseas. Recognized as one of the country’s trusted providers of loan products, it may be the right answer to your financial needs.
Beyond its Housing Loan program, the bank also extends a Personal Loan, commonly referred to as a cash loan. This option is versatile—you can use it for travel, personal purchases, car repairs, event expenses, and more.
The Personal Loan is available to both employed and self-employed applicants. Borrowers may secure up to ₱2 million. Large loan amounts offered by banks are among the reasons many prefer borrowing from institutions rather than individuals, as it avoids the risk of straining personal relationships.
Repayment can be spread over a maximum of three (3) years or 36 monthly installments. Application requirements include both eligibility criteria and documentary submissions, which differ depending on whether the applicant is locally employed or self-employed.
To qualify, applicants must be at least 21 years old when applying and not older than 60 years upon loan maturity. The program is open to Filipino citizens and foreign residents living in the Philippines.
Additionally, applicants must provide either a landline number (home or office) or a mobile number, and must reside or work in an area serviced by the bank. Minimum income requirements are as follows:
- ₱15,000 for Salaried Employees
- ₱35,000 for Self-Employed / Professionals
For locally employed individuals applying for the Personal Loan, the following documents must be prepared and submitted:
- Completed and signed BDO Personal Loan Application Form
- Any of the following government-issued IDs:
- Preferred IDs – Driver’s License, Philippine Passport, TIN ID, SSS ID, GSIS eCard
- Other acceptable IDs – UMID Card, PhilSys ID, Voter’s ID, Postal ID, PRC ID, PhilHealth ID
- Copy of Employment Contract or Certificate of Employment
- Letter from the Embassy (for Embassy Officials)
- Proof of income:
- Latest Income Tax Return (ITR) stamped and received by the Bureau of Internal Revenue, or BIR Form 2316 signed by the employer’s authorized representative
- Latest full month’s payslip
- Original Certificate of Employment showing status, length of service, and compensation details
- If holding a credit card from another bank, copies of the latest two (2) months’ statements, provided the card has been active for at least one (1) year
Do you also dream of having your own car? BDO Auto Loan may help you, too.