What do I need to know about the BDO Home Loan?
Tailor your financing journey with options that resonate with your financial style, whether it’s through financing or a home loan. With a minimum loan amount of P500,000, you have the flexibility to secure up to 80% of the property’s current value, allowing you to make a substantial investment. Ease into your repayment journey with a 20-year term, providing ample time for convenient and manageable installments. To safeguard your investment, benefit from loan protection insurance, which not only offers security but also presents the chance to win monthly prizes. Make the most of this holistic approach to financing, where personalized choices and added protection create a comprehensive financial solution tailored to your unique needs.
Am I eligible to apply for the BDO Home Loan?
To be eligible to apply for the BDO Home Loan you must:
✅ Between 21 and 70 years old at the end of the lease
✅ Be a Filipino citizen or a foreign resident of the Philippines
✅ Have a gross fixed annual income requirement of P50,000
✅ Source of stable income from work or business
If you meet these requirements, you can apply on the BDO vehicle loan application form.
What are the documents required to take out a BDO Home Loan?
✅ The application form must be completed in full
✅ Photocopy of one (1) valid ID that matches the application details (eg Driving License, Passport, Tax Identification Number (TIN), Taxpayer ID) Social Security (SSS), Government Service and Insurance (GSIS) eCard )
✅ Property documents stated as collateral for the loan
✅ For foreigners, Foreigner Registration Certificate with Employment Card
✅ Submit an income document that matches your job classification as listed on the application form
Where to apply for the BDO Home loan?
The entire procurement process can be done online through the BDO website or through internet banking, as well as in person at BDO units. It will be necessary to answer the request form, send the supporting documents and if the bank deems it necessary, it will request new documentation.
Ensure the protection of your investment with the inclusion of loan protection insurance, offering security and the added excitement of monthly drawing prizes. This comprehensive financial solution caters to your unique needs, blending personalized choices with essential safeguards. The entire procurement process is designed for your convenience, with options to complete it online through the BDO website or internet banking, as well as in person at BDO units. Simply fill out the request form, submit the required supporting documents, and, if necessary, the bank may request additional documentation to facilitate a smooth and personalized experience.
Where can I receive and how can I pay installments?
Upon approval of the loan contract, the amounts will be deposited into a personal account created by BDO, if you do not already have an account. Payment of installments can be done by automatic deposit into the same account, or deposit over the counter at any BDO unit.
Your dream of owning your own home is getting closer, isn’t it? Don’t waste time, apply for the BDO Home Loan now!