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Showing posts with label loan interest. Show all posts
Showing posts with label loan interest. Show all posts

Thursday, August 16, 2018

Where to Apply for Best Housing, Car, Business and Personal Loan for OFWs



A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. 

 So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million

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BDO Auto Loan — Best Car Loan for OFWs
  • Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum
  • Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price
  • Loan Term — Payable in two to six years!
Read: PNB Auto Loan for OFWs in Hong Kong & Saudi Arabia

 Who can Apply?
  • At least 21 years old but not exceeding age 70 at the end of the loan term
  • Two years of residence in the Philippines or longer
  • Minimum monthly gross family income: P50,000
  • Two to three years of stable employment abroad

Requirements:
  • Completely filled out loan application form
  • One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)
Any of the following income documents:
  • Latest three-month payslips or consularized certificate of employment with income
  • Proof of remittance for the past three months
  • Latest Crew Contract for seafarers
How to Apply for a BDO Auto Loan
An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million
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Pag-IBIG Housing Loan — Best Housing Loan for OFWs

  • Interest Rate — A maximum annual rate of 10% for a-30 year loan period
  • Term Payment — Up to 30 years

For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.


Requirements:
  • Proof of Income:Employment contract, Original employer’s certificate of income, other proofs of income 
  • Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment 
  • Health Statement form for OFWs over 60 years old
Read: Metrobank Home Loan for OFWs
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 millionRead: Household Workers Can Now Avail Of Pag-ibig Housing Loan


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SSS Salary Loan — Best Personal Loan for OFWs
  • Interest rate — 10% annual interest rate
  • Loanable amount — equivalent to your average monthly salary or twice the amount
  • Terms of Payment — 24 months
Read: How To Apply For SSS Salary Loan

 BDO Kabayan Personal Loan for OFWs
  • Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan
  • Terms of Payment — Up to 36 months
Read: All You Need To Know About OFW and Personal Loan
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million


OWWA Loan — Best OFW Loan for Starting a Business
  • Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program
  • Loanable Amount — P100,000 to P2 million
WATCH:How to Apply for OFW-EDLP Loan from P100K to P2 Million?
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million
This article is filed under loans, salary loan, personal loan, car loan, housing loan, loan interest, best bank for loans, OFW loan, business loan, loan terms, and loan amount.

 SEE MORE:
No doubt, buying a brand new car is expensive. But have you ever heard a used car for sale from different banks or financial institutions? Yes, there are many inexpensive and high-quality cars you can choose from the banks. Just, for example, the following used cars below are from Buena Mano's BPI where you can choose a pre-owned vehicle to buy. You can choose from popular brands such as Ford, Kia, Hyundai, Toyota, Nissan, among others. So if you are looking for a personal service vehicle or for your growing business, you may consider buying from cars for sale from the bank. Pictures and information on this article are taken from the bank's website —buenamano.ph. Jbsolis.com is not affiliated nor connected with the bank. This post is for general purposes only. Any interested parties may directly contact the PS Bank.

 Saving money is a challenge especially if you are living from paycheck to paycheck! With the increasing prices of basic goods and services, saving money becomes a less priority nowadays. Some of us even look for a part-time or extra job to make ends meet. In spite of this, we should save money whatever it takes. Our savings is a big help in time of medical emergencies in the family. We can also use our savings to start a small business for an extra income! There are so many things we can do to grow our money if we have enough savings. But the common question nowadays is how to save amid increasing prices of almost everything you buy?

 Every Overseas Filipino Workers (OFWs) should save money for emergencies, retirement or for starting a new investment or small business for families to have a stable income at home. Saving money in the bank is very important to protect your money from thieves and from unwanted expenses. Aside from this, your money in the bank will grow with interest as the time goes by. We all know that working abroad is not forever and saving for the future is a must. If you are looking for a bank that will value your money, consider Metrobank's basic savings account that will ensure your money in an accessible way plus it will earn interest. You can track your balance through passbook and your foreign currency remittance is converted into Philippine pesos. No more hassle for your family to change money into local currency. OFW PESO Savings Account OFWs may choose what kind of deposit — passbook or ATM. Both can be applied with zero initial deposit as well as zero maintaining balance, provided there is at least one valid remittance transaction made to the account within a 12-month period. Balance to Earn Interest — P10,000 Interest Rate — 0.25% per annum OFW Savings Dollar Account This is passbook savings account with zero initial deposit and zero maintaining balance — provided that there is at least one valid remittance transaction made to the account within 12 month period. Your dollar account needs to have $500.00 to earn interest of 0.125% per annum. How to Open an OFW Savings Account in Metrobank? Just visit the nearest Metrobank branches in your area and present a one valid government ID! Metrobank's ATM can be accessed anytime and anywhere in the Philippines via BANCNET ATMs, or abroad via MAESTRO-CIRRUS ATMs. You can also manage your transaction through online banking or MetrobankDireck such as balance inquiry and bills payment.

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Monday, April 30, 2018

Everything You Need to Know About BDO Kabayan Home, Car and Personal Loan

When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO.
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When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. BDO Kabayan Home Loan The BDO offers financing assistance for the following purpose: Purchase of House and Lot / Townhouse Unit Purchase of Condominium Unit Purchase of Vacant Lot Construction of House House Renovation / Home Improvement Reimbursement of Acquisition Refinancing / Loan Take-out Step 1 — Qualifications: At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino Citizens or Foreign Nationals Minimum gross income of P50,000/month or its equivalent in US Dollars With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad At least 2 years with current company At least 2 consecutive profitable years of operation • 2 to 3 years consecutive employment • Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application. Step 2 — Prepare The Requirements • Basic Documents • Completely filled-out application form • Photocopy of one (1) valid ID matching application details Acceptable IDs: Passport, Driver’s License, SSS, PRC, OWWA ID, OFW ID, Seaman’s Book • Marriage contract, if applicable • Income Documents Locally Employed Self-Employed Employed Abroad • Latest Income Tax Return or BIR Form 2316 • Latest three (3) months payslip • Certificate of Employment with Income (COEI) • Photocopy of Audited Financial Statements for the last two (2) years with latest ITR • Bank Statements or Photocopy of Passbook for the last six (6) months • Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable) • Business Background or Company Profile Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips If with Additional Source of Income from Rental of Property/ies • Lease Contract • Photocopy of Title BDO Kabayan Auto Loan Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use. Flexible Loan Terms For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term Brand New Pre-Owned Personal Use Business Use Personal Use Business Use Min. Downpayment 20% 30% 30% 40% Max. Loan Term 6 years 3 years 4 years 2 years Step 1 —Check Your Qualifications At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino citizen or foreigners residing in the Philippines for atleast 2 years Minimum gross family income of P50,000/month With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad at least 2 years with current company at least 2 consecutive profitable years of operation 2-3 years employment Step 2 — Prepare The Documents Basic Document Completely filled out application form Identification Documents Photocopy of one (1) valid ID matching application details(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,OFW ID, Seaman’s Book) For Foreigners, Alien Certificate of Registration with Work Permit Income Documents: Locally Employed Self-Employed Employed Abroad Any of the following: • Latest Income Tax Return or BIR Form 2316 or latest payslip • Certificate of Employment with Salary • Additional for Foreigners, current employment contract • Photocopy of Audited Financial Statements for the last 2 years with latest ITR • Bank Statements or Photocopy of Passbook for the last 3 months • Certificate of Business Registration Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips BDO Kabayan Personal Loan You can apply for BDO Kabayan Personal Loan for the following purpose. Home Renovation / Upgrades Tuition / Education Furniture Appliances / Electronic Gadgets Vacation / Travel Balance Transfer / Debt Consolidation Special Events Health and Wellness Medical Emergencies BDO Kabayan Program BDO Kabayan Personal Loan Unsecured A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. The following are the type of deposits allowed for this facility: Peso or Dollar Savings Account Peso or Dollar Time Deposit – at least co-terminous with the loan tenor The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos. Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan The following cannot be allowed to be held as collateral “In Trust For” accounts Accounts with existing/ongoing hold-out arrangements Benefits Flexible loan amounts Minimum of P10,000 For BDO Kabayan Personal Loan Secured For Peso account, maximum of 90% of the deposit account balance For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent. Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms: 3 months (for Unsecured) 6 months 12 months 18 months 24 months 36 months Loan proceeds will be credited to BDO account Step 3 — Submit Application Form and Requirements Applications for housing, auto-loan and personal loan can be done through the following; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide
So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO.
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BDO Kabayan Home Loan

The BDO offers financing assistance for the following purpose:
  • Purchase of House and Lot / Townhouse Unit
  • Purchase of Condominium Unit
  • Purchase of Vacant Lot
  • Construction of House
  • House Renovation / Home Improvement
  • Reimbursement of Acquisition
  • Refinancing / Loan Take-out
Step 1 — Qualifications:
  • At least 21 years old but not exceeding 70 years old at the end of the loan term
  • Filipino Citizens or Foreign Nationals
  • Minimum gross income of P50,000/month or its equivalent in US Dollars
  • With stable source of income from employment or business
Locally EmployedSelf-EmployedEmployed Abroad
At least 2 years with current company
At least 2 consecutive profitable years of operation
• 2 to 3 years
  consecutive
 employment

• Assignment of Beneficiary as Loan Administrator if not in the Philippines at
  the time of
  application.
Step 2 — Prepare The Requirements

• Basic Documents
• Completely filled-out application form
• Photocopy of one (1) valid ID matching application details
Acceptable IDs: Passport, Driver’s License, SSS, PRC,
OWWA ID, OFW ID, Seaman’s Book
• Marriage contract, if applicable
• Income Documents
Locally EmployedSelf-EmployedEmployed Abroad
• Latest Income Tax
  Return or BIR Form
  2316

• Latest three (3)
  months payslip

• Certificate of
  Employment with
  Income (COEI)
• Photocopy of
  Audited Financial
  Statements for the
  last two (2) years
  with latest ITR

• Bank Statements or
  Photocopy of
  Passbook for the
  last six (6) months

• Certificate of
  Business
  Registration from
  DTI or SEC, Articles
  of Partnership or
  Articles of
  Incorporation
  (whichever is
  applicable)

• Business
  Background or
  Company Profile
Any of the following:

• Proof of Remittance
  for the last 3
  months

• Latest Crew
  Contract, if sea
  based

• Consularized
  Certificate of
  Employment with
  Income (COEI) or
  latest three (3)
  months payslips
If with Additional Source of Income from Rental of Property/ies
• Lease Contract
• Photocopy of Title
BDO Kabayan Auto Loan

Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use.

Flexible Loan Terms
For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term
Brand NewPre-Owned
Personal
Use		Business UsePersonal
Use		Business Use
Min. Downpayment20%30%30%40%
Max.
Loan Term		6 years3 years4 years2 years
Step 1 —Check Your Qualifications
  • At least 21 years old but not exceeding 70 years old at the end of the loan term
  • Filipino citizen or foreigners residing in the Philippines for atleast 2 years
  • Minimum gross family income of P50,000/month
  • With stable source of income from employment or business

Locally EmployedSelf-EmployedEmployed Abroad
at least 2 years with current company
at least 2 consecutive profitable years of operation2-3 years employment

Step 2 — Prepare The Documents
Basic Document
  • Completely filled out application form
  • Identification Documents
  • Photocopy of one (1) valid ID matching application details(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,OFW ID, Seaman’s Book)
  • For Foreigners, Alien Certificate of Registration with Work Permit
Income Documents:
Locally EmployedSelf-EmployedEmployed Abroad
Any of the following:

• Latest Income Tax
  Return or BIR Form
  2316 or latest
  payslip

• Certificate of
  Employment with
  Salary

• Additional for
  Foreigners, current
  employment
  contract
• Photocopy of
  Audited Financial
  Statements for the
  last 2 years with
  latest ITR

• Bank Statements
  or Photocopy of
  Passbook for the
  last 3 months

• Certificate of
  Business
  Registration
Any of the following:

• Proof of
  Remittance for the
  last 3 months

• Latest Crew
  Contract, if sea
  based

• Consularized
  Certificate of
  Employment with
  Income (COEI) or
  latest three (3)
  months payslips


BDO Kabayan Personal Loan
You can apply for BDO Kabayan Personal Loan for the following purpose.
  • Home Renovation / Upgrades
  • Tuition / Education
  • Furniture
  • Appliances / Electronic Gadgets
  • Vacation / Travel
  • Balance Transfer / Debt Consolidation
  • Special Events
  • Health and Wellness
  • Medical Emergencies

BDO Kabayan Program
  • BDO Kabayan Personal Loan Unsecured
A multi - purpose and non collateral Personal Loan for OFWs with fixed income.
  • BDO Kabayan Personal Loan Secured
The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.
  • The following are the type of deposits allowed for this facility:

  1. Peso or Dollar Savings Account
  2. Peso or Dollar Time Deposit – at least co-terminous with the loan tenor

  • The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos.
  • Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan
  • The following cannot be allowed to be held as collateral
  1. “In Trust For” accounts
  2. Accounts with existing/ongoing hold-out arrangements
Benefits

Flexible loan amounts
Minimum of P10,000

For BDO Kabayan Personal Loan Secured
For Peso account, maximum of 90% of the deposit account balance

For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent.

Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms:

3 months (for Unsecured)
6 months
12 months
18 months
24 months
36 months

Loan proceeds will be credited to BDO account
Step 3 — Submit Application Form and Requirements

Applications for housing, auto-loan and personal loan can be done through the following; 

• BDO Home Loan Provincial Business Centers
• More than 1,000 BDO Branches Nationwide
SEE ALSO:
When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. BDO Kabayan Home Loan The BDO offers financing assistance for the following purpose: Purchase of House and Lot / Townhouse Unit Purchase of Condominium Unit Purchase of Vacant Lot Construction of House House Renovation / Home Improvement Reimbursement of Acquisition Refinancing / Loan Take-out Step 1 — Qualifications: At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino Citizens or Foreign Nationals Minimum gross income of P50,000/month or its equivalent in US Dollars With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad At least 2 years with current company At least 2 consecutive profitable years of operation • 2 to 3 years consecutive employment • Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application. Step 2 — Prepare The Requirements • Basic Documents • Completely filled-out application form • Photocopy of one (1) valid ID matching application details Acceptable IDs: Passport, Driver’s License, SSS, PRC, OWWA ID, OFW ID, Seaman’s Book • Marriage contract, if applicable • Income Documents Locally Employed Self-Employed Employed Abroad • Latest Income Tax Return or BIR Form 2316 • Latest three (3) months payslip • Certificate of Employment with Income (COEI) • Photocopy of Audited Financial Statements for the last two (2) years with latest ITR • Bank Statements or Photocopy of Passbook for the last six (6) months • Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable) • Business Background or Company Profile Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips If with Additional Source of Income from Rental of Property/ies • Lease Contract • Photocopy of Title BDO Kabayan Auto Loan Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use. Flexible Loan Terms For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term Brand New Pre-Owned Personal Use Business Use Personal Use Business Use Min. Downpayment 20% 30% 30% 40% Max. Loan Term 6 years 3 years 4 years 2 years Step 1 —Check Your Qualifications At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino citizen or foreigners residing in the Philippines for atleast 2 years Minimum gross family income of P50,000/month With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad at least 2 years with current company at least 2 consecutive profitable years of operation 2-3 years employment Step 2 — Prepare The Documents Basic Document Completely filled out application form Identification Documents Photocopy of one (1) valid ID matching application details(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,OFW ID, Seaman’s Book) For Foreigners, Alien Certificate of Registration with Work Permit Income Documents: Locally Employed Self-Employed Employed Abroad Any of the following: • Latest Income Tax Return or BIR Form 2316 or latest payslip • Certificate of Employment with Salary • Additional for Foreigners, current employment contract • Photocopy of Audited Financial Statements for the last 2 years with latest ITR • Bank Statements or Photocopy of Passbook for the last 3 months • Certificate of Business Registration Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips BDO Kabayan Personal Loan You can apply for BDO Kabayan Personal Loan for the following purpose. Home Renovation / Upgrades Tuition / Education Furniture Appliances / Electronic Gadgets Vacation / Travel Balance Transfer / Debt Consolidation Special Events Health and Wellness Medical Emergencies BDO Kabayan Program BDO Kabayan Personal Loan Unsecured A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. The following are the type of deposits allowed for this facility: Peso or Dollar Savings Account Peso or Dollar Time Deposit – at least co-terminous with the loan tenor The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos. Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan The following cannot be allowed to be held as collateral “In Trust For” accounts Accounts with existing/ongoing hold-out arrangements Benefits Flexible loan amounts Minimum of P10,000 For BDO Kabayan Personal Loan Secured For Peso account, maximum of 90% of the deposit account balance For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent. Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms: 3 months (for Unsecured) 6 months 12 months 18 months 24 months 36 months Loan proceeds will be credited to BDO account Step 3 — Submit Application Form and Requirements Applications for housing, auto-loan and personal loan can be done through the following; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide

When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. BDO Kabayan Home Loan The BDO offers financing assistance for the following purpose: Purchase of House and Lot / Townhouse Unit Purchase of Condominium Unit Purchase of Vacant Lot Construction of House House Renovation / Home Improvement Reimbursement of Acquisition Refinancing / Loan Take-out Step 1 — Qualifications: At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino Citizens or Foreign Nationals Minimum gross income of P50,000/month or its equivalent in US Dollars With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad At least 2 years with current company At least 2 consecutive profitable years of operation • 2 to 3 years consecutive employment • Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application. Step 2 — Prepare The Requirements • Basic Documents • Completely filled-out application form • Photocopy of one (1) valid ID matching application details Acceptable IDs: Passport, Driver’s License, SSS, PRC, OWWA ID, OFW ID, Seaman’s Book • Marriage contract, if applicable • Income Documents Locally Employed Self-Employed Employed Abroad • Latest Income Tax Return or BIR Form 2316 • Latest three (3) months payslip • Certificate of Employment with Income (COEI) • Photocopy of Audited Financial Statements for the last two (2) years with latest ITR • Bank Statements or Photocopy of Passbook for the last six (6) months • Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable) • Business Background or Company Profile Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips If with Additional Source of Income from Rental of Property/ies • Lease Contract • Photocopy of Title BDO Kabayan Auto Loan Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use. Flexible Loan Terms For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term Brand New Pre-Owned Personal Use Business Use Personal Use Business Use Min. Downpayment 20% 30% 30% 40% Max. Loan Term 6 years 3 years 4 years 2 years Step 1 —Check Your Qualifications At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino citizen or foreigners residing in the Philippines for atleast 2 years Minimum gross family income of P50,000/month With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad at least 2 years with current company at least 2 consecutive profitable years of operation 2-3 years employment Step 2 — Prepare The Documents Basic Document Completely filled out application form Identification Documents Photocopy of one (1) valid ID matching application details(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,OFW ID, Seaman’s Book) For Foreigners, Alien Certificate of Registration with Work Permit Income Documents: Locally Employed Self-Employed Employed Abroad Any of the following: • Latest Income Tax Return or BIR Form 2316 or latest payslip • Certificate of Employment with Salary • Additional for Foreigners, current employment contract • Photocopy of Audited Financial Statements for the last 2 years with latest ITR • Bank Statements or Photocopy of Passbook for the last 3 months • Certificate of Business Registration Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips BDO Kabayan Personal Loan You can apply for BDO Kabayan Personal Loan for the following purpose. Home Renovation / Upgrades Tuition / Education Furniture Appliances / Electronic Gadgets Vacation / Travel Balance Transfer / Debt Consolidation Special Events Health and Wellness Medical Emergencies BDO Kabayan Program BDO Kabayan Personal Loan Unsecured A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. The following are the type of deposits allowed for this facility: Peso or Dollar Savings Account Peso or Dollar Time Deposit – at least co-terminous with the loan tenor The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos. Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan The following cannot be allowed to be held as collateral “In Trust For” accounts Accounts with existing/ongoing hold-out arrangements Benefits Flexible loan amounts Minimum of P10,000 For BDO Kabayan Personal Loan Secured For Peso account, maximum of 90% of the deposit account balance For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent. Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms: 3 months (for Unsecured) 6 months 12 months 18 months 24 months 36 months Loan proceeds will be credited to BDO account Step 3 — Submit Application Form and Requirements Applications for housing, auto-loan and personal loan can be done through the following; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide

When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO. So this post will focus to give you simple guidelines on how to apply for home, car or personal loan from BDO. BDO Kabayan Home Loan The BDO offers financing assistance for the following purpose: Purchase of House and Lot / Townhouse Unit Purchase of Condominium Unit Purchase of Vacant Lot Construction of House House Renovation / Home Improvement Reimbursement of Acquisition Refinancing / Loan Take-out Step 1 — Qualifications: At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino Citizens or Foreign Nationals Minimum gross income of P50,000/month or its equivalent in US Dollars With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad At least 2 years with current company At least 2 consecutive profitable years of operation • 2 to 3 years consecutive employment • Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application. Step 2 — Prepare The Requirements • Basic Documents • Completely filled-out application form • Photocopy of one (1) valid ID matching application details Acceptable IDs: Passport, Driver’s License, SSS, PRC, OWWA ID, OFW ID, Seaman’s Book • Marriage contract, if applicable • Income Documents Locally Employed Self-Employed Employed Abroad • Latest Income Tax Return or BIR Form 2316 • Latest three (3) months payslip • Certificate of Employment with Income (COEI) • Photocopy of Audited Financial Statements for the last two (2) years with latest ITR • Bank Statements or Photocopy of Passbook for the last six (6) months • Certificate of Business Registration from DTI or SEC, Articles of Partnership or Articles of Incorporation (whichever is applicable) • Business Background or Company Profile Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips If with Additional Source of Income from Rental of Property/ies • Lease Contract • Photocopy of Title BDO Kabayan Auto Loan Apply for a BDO Auto Loan to finance your brand new or pre-owned car whether for personal or business use. Flexible Loan Terms For a lighter and more affordable monthly amortization, you can opt to increase your down payment or go for a longer loan term Brand New Pre-Owned Personal Use Business Use Personal Use Business Use Min. Downpayment 20% 30% 30% 40% Max. Loan Term 6 years 3 years 4 years 2 years Step 1 —Check Your Qualifications At least 21 years old but not exceeding 70 years old at the end of the loan term Filipino citizen or foreigners residing in the Philippines for atleast 2 years Minimum gross family income of P50,000/month With stable source of income from employment or business Locally Employed Self-Employed Employed Abroad at least 2 years with current company at least 2 consecutive profitable years of operation 2-3 years employment Step 2 — Prepare The Documents Basic Document Completely filled out application form Identification Documents Photocopy of one (1) valid ID matching application details(e.g. Passport, Driver’s License, SSS, PRC, OWWA ID,OFW ID, Seaman’s Book) For Foreigners, Alien Certificate of Registration with Work Permit Income Documents: Locally Employed Self-Employed Employed Abroad Any of the following: • Latest Income Tax Return or BIR Form 2316 or latest payslip • Certificate of Employment with Salary • Additional for Foreigners, current employment contract • Photocopy of Audited Financial Statements for the last 2 years with latest ITR • Bank Statements or Photocopy of Passbook for the last 3 months • Certificate of Business Registration Any of the following: • Proof of Remittance for the last 3 months • Latest Crew Contract, if sea based • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips BDO Kabayan Personal Loan You can apply for BDO Kabayan Personal Loan for the following purpose. Home Renovation / Upgrades Tuition / Education Furniture Appliances / Electronic Gadgets Vacation / Travel Balance Transfer / Debt Consolidation Special Events Health and Wellness Medical Emergencies BDO Kabayan Program BDO Kabayan Personal Loan Unsecured A multi - purpose and non collateral Personal Loan for OFWs with fixed income. BDO Kabayan Personal Loan Secured The Personal Loan for OFWs is offered against hold-out on Joint or Individual account deposits maintained with BDO as security. The following are the type of deposits allowed for this facility: Peso or Dollar Savings Account Peso or Dollar Time Deposit – at least co-terminous with the loan tenor The minimum deposit requirement is P15,000 or its dollar equivalent. Though, the loan proceeds will be in Pesos. Applicant should be the OFW only. However, if the deposit collateral is a joint account, beneficiary may apply as a principal borrower of the loan The following cannot be allowed to be held as collateral “In Trust For” accounts Accounts with existing/ongoing hold-out arrangements Benefits Flexible loan amounts Minimum of P10,000 For BDO Kabayan Personal Loan Secured For Peso account, maximum of 90% of the deposit account balance For Dollar account , maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine peso equivalent. Fixed monthly payments – pay the same amount every month with any of the following flexible payment terms: 3 months (for Unsecured) 6 months 12 months 18 months 24 months 36 months Loan proceeds will be credited to BDO account Step 3 — Submit Application Form and Requirements Applications for housing, auto-loan and personal loan can be done through the following; • Apply Online • BDO Home Loan Provincial Business Centers • More than 1,000 BDO Branches Nationwide

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