Guide on BDO Housing Loan – Here’s How Much You May Borrow
BDO HOUSING LOAN – Here are the minimum and maximum loanable amounts under this BDO Unibank home loan offer.
One of the banks that offer a home loan is BDO Unibank. Its loan offer is open to fund several purposes including the financing of residential property acquisition, house construction, and home renovation.
The loanable amounts under the BDO Housing Loan depends on the purpose of applying for the loan offer. If you are applying for the purpose of house and lot acquisition, the following are the minimum and maximum loanable amounts:
- Minimum Loanable Amount – Php 500,000.00
- Maximum Loanable Amount – Up to 80% of the appraised value of the property
The BDO Housing Loan offer is also open to finance the acquisition of a condominium unit and a vacant lot. The following are the loanable amounts for these purposes:
- Minimum Loanable Amount – Php 500,000.00
- Maximum Loanable Amount – Up to 70% of the appraised value of the property
Documentary Requirements for BDO Housing Loan:
| For Employed Applicants | For Self-Employed Applicants | For OFW Applicants | For Foreign National Applicants |
| duly-accomplished loan application form | duly-accomplished loan application form | duly-accomplished loan application form | duly-accomplished loan application form |
| marriage contract (if you are married) | marriage contract (if you are married) | marriage contract (if you are married) | marriage contract (if you are married) |
| one (2) valid ID with matching application details (photocopy) | one (2) valid ID with matching application details (photocopy) | one (2) valid ID with matching application details (photocopy) | one (2) valid ID with matching application details (photocopy) |
| latest ITR or BIR Form 2316 | Bank Statements or Photocopy of Passbook for the last six (6) months | latest Crew Contract, if sea based | an active visa from: – Holders of Special Resident Retiree Visa (SRRV); – Quota or Preference Immigrant Visa Holders (Sec 13 of Phil. Immigration Act) – Non-Quota Immigrant Visa Holder; or – Permanent residence status and working visas issued by the Subic Bay Metropolitan Authority (Republic Act No. 7227) |
| latest three (3) months payslip | Photocopy of Audited Financial Statements for the last two (2) years with latest ITR | Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips | |
| Certificate of Employment with Income (COEI) | Business Background or Company Profile | proof of Remittance for the last 3 months | |
| Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable) |
To apply, go to the nearest branch of BDO Unibank and submit your documents. The loan processing may take a few working days.
Aside from the housing loan offer, the bank also offers a cash loan. To check on this loan offer, you may visit – BDO Personal Cash Loan: How To Apply & the Requirements to Prepare.