BDO Personal Loan Application: Know The Ins And Outs With This Guide

So you’ve hit a dead end and need some extra cash. One way to quickly get what you need is to apply for a personal loan. In this post, we are going to focus on how to get a personal loan from BDO.

BDO’s slogan states that they will “find ways” to provide financial assistance to Filipinos, and one of these ways is by providing cash assistance for Filipinos working in the country, and abroad.

What is a BDO Personal Loan?

There are two types of BDO Personal Loans. One is the regular unsecured BDO personal loan which provides cash loan for those looking to renovate their home, pay for tuition or education fees, travel, consolidate debt, and medical emergencies . Eligible loan applicants for this BDO personal loan are employed and self-employed individuals located in the Philippines.

Then there’s the Kabayan Personal Loan that provides both secured and unsecured cash assistance for Overseas Filipino Workers (OFWs). Eligible BDO Kabayan Personal Loan applicants are Seamen, unskilled workers, and domestic helpers.

The minimum loan amount for a BDO personal loan is P10,000, with a minimum repayment tenor of six months, up to 36 months.

The monthly add-on rate for a six-month tenor loan is 1.30%, and 1.25% for a 36-month personal loan. The same minimum loan amount applies for BDO loan for OFWs, but the interest rates differ. Note though, that the rates may change without prior notice.

Loan Tenure (6 to 36 months)

Monthly Interest Rate

BDO Personal Loan



BDO Kabayan Unsecured Loan



BDO Kabayan Secured Loan



(Read: Most Common Types Of Loans In The Philippines)

How to apply for a BDO Personal Loan

One way is to go to the BDO website and apply for the loan yourself.

Use the BDO personal loan calculator and enter the loan amount you intend to apply for. This way you’ll be able to see the estimated monthly payments for the loan tenure of your choice.

You may also use a loan comparison tool and apply online. This way you won’t have to go to the bank yourself, and you can submit all your documents online with the help of a legitimate telesales agent.

To check your BDO personal loan application status, you can send them an email or call their customer service hotline. The BDO personal loan processing time usually takes one to two weeks.

Ready to apply? See below for more eligibility information and document requirements.

(Read: 5 People Share How They Paid Off Their Debts)

Who is eligible for a BDO Personal Loan?

To be eligible for a BDO personal loan , you must meet the following criteria:



Additional Criteria

Are you Filipino?


You must be between 21 and 70 years old
Are you a foreigner?


You much be a resident in the Philippines for over 2 years
Are you employed?


  • Minimum gross annual income requirement: P120,000
  • Must have at least one (1) year tenure within the company
Are you self-employed/a professional?


  • Minimum gross annual income requirement: P400,000
  • Must be a sole proprietor, partner, or must have majority of the shares of a company that is in operation for at least two (2) years
  • Professionals must be in private practice for at least one (1) year

If you are an OFW looking to get a BDO Kabayan Loan , you must meet the following criteria:

Requirement Criteria Additional criteria
Are you an OFW? Yes You must be between 25 and 65 years of age
Are you a Filipino? Yes You must be:

  • A Filipino based in/working abroad
  • A beneficiary of an OFW
  • Former Filipino with or without dual citizenship
  • A Filipino married to a foreigner
How long have you been an OFW? Must have at least two (2) years of continuous work tenure For Domestic Helpers, must have three (3) years of continuous work tenure
What is your income? Gross monthly income must be at least P20,000

Additional criteria for Kabayan loan include the following:

  • Must have no negative findings from BAP-NFIS and other internal negative files
  • OFWs applying for a loan through their beneficiaries are accepted but are limited to the following: spouse, children, and immediate family members
  • Must have a landline

What are the document requirements for a BDO Personal Loan?

Everyone who applies for a BDO personal loan must present a back to back photocopy of at least two valid photo-bearing government and company ID .

Depending if you are employed, self-employed/professional, or a resident foreigner, you will have to present the following additional documents:

Employed Self-employed/Professionals Resident Foreigners
 Proof of Income (BIR Form 2316, or W2 form signed by the authorized representative of employer) Photocopy of Business Registration – DTI, Partnerships or Corporations SEC Registration Photocopy of COE
Most recent original copy of Certificate of Employment (COE) showing income Latest BIR Income Tax Return (ITR) with W4 form with BIR or bank stamp Official Embassy letter
Photocopy of most recent pay slips (one full month) Photocopy of most recent Audited Financial Statements within the last two (2) years Photocopies of either passport with resident visa, work permit and valid Visa, or Special Investor’s Resident Visa and Visas Philippine Economic Authority or Visa with Eo226, or ACR or ICR or ACR1
Photocopy of bank statements for the last six (6) months