BDO
About BDO
BDO traces its roots to Acme Savings Bank. The SM Group acquired the bank in 1976; it became a universal bank in 1996 and merged with Equitable PCI Bank in 2007.
Company background
Personal Loan
Fixed fees reduce the cash you receive. Self-employed applicants need at least two years in business. Age, residency, documents and credit checks also apply.
Minimum requirements
- Age 21 at application, no older than 60 at maturity. Filipino citizen or Philippine-resident foreigner.
- Regular employment, or at least two years of business operations. Residence or office must be in an area served by a BDO branch.
- Employed: minimum monthly income ₱15,000.
- Self: minimum monthly income ₱35,000.
Documents
- Government ID, employees: latest ITR/Form 2316, full-month payslip and employment certificate.
- Business owners: latest ITR, two years of audited statements and registration, additional records for requests above ₱1 million.
Repayment and costs
- Estimates exclude late-payment and early-settlement charges. DST is included above ₱250,000, business-purpose loans can attract DST at any amount. This illustration assumes personal use.
- BDO Personal Loan uses an auto-debit arrangement with a BDO deposit account. Fund the designated account for the scheduled installment and check the debit has posted. If it fails, ask BDO how to settle that installment before sending a second payment.
Home Loan
BDO lists home financing in its consumer range. Ask for the property valuation, initial fixed rate and subsequent repricing basis.
Minimum requirements
- Age 21 at application, up to 70 at maturity. Minimum gross FAMILY income ₱50,000/month.
- Employees: two years with employer. Business: two profitable years. Overseas employment: two–three years.
Documents
- Application and ID, income evidence, property title, tax declaration and vicinity plan. Construction/refinancing needs additional records.
Repayment and costs
- ₱300,000 minimum for vacant lots, ₱500,000 for house/lot, townhouse, construction or condo. Up to 80% of appraised value, condo/lot 70%.
- Family income: ₱50,000/month. Individual salary alone is not the published test.
Auto Loan
BDO lists vehicle financing. A dealer promotion and a bank quotation can include different insurance, deposit and fee arrangements.
Minimum requirements
- Age 21–70 at maturity, Filipino or foreign national. Gross FAMILY income at least ₱50,000/month.
- Employees: two years with employer, business: two profitable years, overseas employees: two–three years. Pre-owned vehicle no older than six years at loan maturity.
Documents
- Application, government ID and income proof. Business applicants: two years audited statements, latest ITR, three months bank records and registration.
- Foreign applicants: ACR and work permit. Comprehensive insurance and vehicle registration requirements apply.
Repayment and costs
- Family income: ₱50,000/month.
Kabayan Personal Loan
BDO lists a non-collateral personal loan for OFWs with fixed income. This is a BDO Unibank product, separate from BDO Network Bank’s programme.
Minimum requirements
- OFWs: age 25–65 at maturity, gross monthly income at least ₱20,000 equivalent.
- Two years continuous employment, three for seafarers/domestic helpers. Good credit history.
- Employed: minimum monthly income ₱20,000.
Documents
- Government ID, income/employment proof and six months bank statements. Seafarers: employment contract and Seaman’s Book.
SME Multipurpose Loan
A secured business facility. Confirm the required collateral, its valuation, loan-to-value limit and the permitted use of funds.
Minimum requirements
- Age 21–70 at maturity. Stable income, employed applicants ₱50,000 gross/month or business annual sales ₱1 million.
- Real-estate collateral, business must be within BDO serviceable area.
- Employed: minimum monthly income ₱50,000.
Documents
- Application, valid ID and marriage certificate if applicable. Employee: ITR/2316 or three months payslips, plus employment certificate.
- Business: two years audited statements/latest ITR, six months bank records and registration. Property title and collateral records required.
Repayment and costs
- Term loan from ₱1m, Ready Check from ₱3m. Up to 70% of appraised collateral value.
- Business threshold is ₱1m annual SALES, not personal monthly income.
Working Capital Loan
Business funding for short-term operational needs. Ask which facility, drawdown and interest-payment terms apply.
Who can apply
Business assessment
If you cannot repay on time
Contact BDO before the payment date with your loan reference, the reason for the shortfall and a realistic payment proposal. Ask which assistance options apply to your account and request the revised dates, charges and total payable in writing. Continue using the agreed schedule until the company confirms a change.
Repayment help