Eligibility requirements:
- Applicants must be 21–60 years old upon loan maturity.
- Filipino citizens or resident foreigners with valid permits.
- Regular employees earning at least ₱15,000 per month.
- Self-employed professionals with at least 2 years in business.
BDO Personal Loan application steps:
- Confirm your eligibility according to BDO’s loan criteria.
- Gather required documents such as government IDs and income proof.
- Download and complete the application form from the official BDO website.
- Submit your documents and application form to a BDO branch near you.
- Await approval and access your funds seamlessly.
Frequently asked questions
How long does it take to get approved for a BDO Personal Loan?
Loan approval may take a few business days, depending on the completeness of the submitted documents.
Is it required to explain why credit is being used?
No, BDO does not require borrowers to disclose specific reasons for their loan.
Do I need to have a good credit score to be approved for a BDO Personal Loan?
A good credit score is recommended but not a strict requirement for approval.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals can apply with proof of income and business registration.