Eligibility Requirements:
- Filipino citizen or foreigner (see Visa requirements)
- At least 21 years old but not exceeding 65 years old upon loan maturity
- Minimum gross family income of Php 50,000.00/month.
- Stable source of income from employment or business
- If employed, at least 2 years with current company
- If self-employed, at least 3 profitable years of operation (if with business) or 3 years practicing profession (if practicing professional)
Document Requirements
Basic Documents:
- Signed BDO application form
- Photocopy of 1 valid government-issued ID with photo & signature
- Marriage Contract, if applicable
- For foreigners, photocopy of Alien Certificate of Registration (ACR) showing Visa status as permanent immigrant or Alient Employment Permit (AEP) or Visa ID
Income Documents:
If locally employed
- Latest Income Tax Return (ITR) or W2, and
- Latest 3 months payslips or Certificate of Employment with salary breakdown
If employed abroad (or Asenso Kabayan borrowers)
- Latest 3 months proof of remittance, or
- Latest 3 months payslip, or
- Certificate of Employment or Employment Contract duly authenticated by Philippine Consulate Office, or
- For seamen, latest Crew Contract and employment history or Crew Contract and Exit Pass from POEA
If self-employed
- Business Registration Papers (Certificate of Registration from DTI or
- SEC, Articles of Partnership or Articles of Incorporation, whichever is applicable)
- Latest Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements (latest consecutive 3 months)
- Trade References: List of Suppliers and Customers (at least 3 each)
- or List of Affliated Hospitals/Clinics (for doctors)
- Lease Contracts and copy of title (for income derived from rental)
Types of Acceptable Visa for Foreigners
Quota or Non-Quota Immigrant Visa
Alien spouse of a Filipino citizen (Sec 13A Visa)Photocopy of Special Retiree's Resident Visa (SRRV) or Quota/Preference Immigrant Visa
- Natural-born Filipinos married to an Alien (Sec 13D Visa)
- Returning Resident (Section 13E Visa)
- Natural-born Filipinos naturalized in foreign country (Sec 13G Visa)
Permanent Resident Status and working Visa granted by Subic Bay Metropolitan Authority (SBMA)
Working Visa issued to Embassy Officials
Collateral Documents:
- Photocopy of TCT / CCT
- Lot Plan with Vicinity Map certified by a Geodetic Engineer
- Master Deed of Declaration of Restrictions (for condominiums)
Do you have any concern with regarding foreigner's getting a BDO loan for a condominium?
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