How to apply for BDO personal loan
Getting access to extra funds when you need them most can make all the difference—whether it’s for medical expenses, education, travel, or consolidating debt.
In the Philippines, BDO offers one of the most accessible and widely trusted personal loan options.
With a streamlined process and competitive terms, it has become a go-to choice for salaried individuals, self-employed professionals, and even overseas Filipino workers (OFWs).
This guide walks you through everything you need to know about how to apply for a BDO personal loan, including eligibility requirements, application steps, and helpful tips to boost your chances of approval.
What You Need Before Applying
Before jumping into the application process, it’s important to gather all the necessary documents.
This ensures a smoother experience and helps you avoid delays.
Basic requirements include:
- Must be a Filipino citizen or a foreigner residing in the Philippines
- Aged 21 to 70 years old upon loan maturity
- A minimum gross monthly income of ₱15,000
- Must be employed, self-employed, or an OFW with a stable income
Documents you’ll need:
- Valid government-issued ID (e.g., Passport, Driver’s License, UMID)
- Proof of income:
- For employees: Latest payslip and Certificate of Employment
- For self-employed: Audited Financial Statements and DTI/SEC registration
- For OFWs: Employment contract and latest remittance slip
- Proof of billing or residence address
- Signed BDO application form (available online or at any branch)
Now that you have everything in place, it’s time to go through the step-by-step application process.
Step-by-Step: How to Apply for a BDO Personal Loan
Whether you’re applying online or visiting a BDO branch, the process is straightforward. Here’s how it works and what to expect at each step.
1. Choose your application channel
BDO offers multiple ways to apply:
- Online via the official BDO website
- In-person at any BDO branch nationwide
- Through employer tie-ups, if your company is accredited
Online applications are ideal for convenience, while branch visits may offer more immediate feedback, especially for first-time borrowers.
2. Complete the loan application form
You’ll need to fill out the official BDO personal loan application form. It asks for personal details, employment information, monthly income, and the loan amount and term you’re applying for.
Tip: Be honest and accurate—BDO cross-checks all information against your submitted documents.
3. Submit your documents
Attach all required documents to your form, whether you’re submitting online or in person.
If you’re applying through the website, scanned copies are acceptable. Make sure everything is clear and legible.
Inaccurate or missing documents are one of the most common reasons for application delays or denials.
4. Wait for verification and approval
Once your application is submitted, BDO will review your documents and contact you for verification.
This can take anywhere from 5 to 10 business days depending on your profile and completeness of documents.
Sometimes, additional documents may be requested—especially for self-employed or OFW applicants.
5. Receive the loan decision and disbursement
If approved, you’ll be notified by phone or email. You’ll then be asked to sign the loan agreement.
Once signed, the loan is usually disbursed within 24–48 hours into your nominated BDO account or through other preferred channels.
Key Tips for a Successful Application
Applying for a personal loan is not just about filling forms—it’s about presenting a strong financial profile.
Here are a few tips to increase your chances of approval:
- Ensure consistency across documents: Your application form, ID, and income documents should reflect the same address, name spelling, and other details.
- Avoid overstating your income: It’s better to provide realistic income figures with solid proof than to exaggerate.
- Maintain a healthy credit standing: If you have credit cards or existing loans, make sure your payments are up to date.
- Double-check your application before submission: Even small errors can lead to processing delays or outright rejections.
Making the Most of Your Loan Application
A personal loan can be a powerful tool when used responsibly. With BDO, the application process is designed to be accessible, but preparation makes a huge difference.
By knowing what’s required and following the steps carefully, you’re giving yourself the best possible chance at fast approval and favorable terms.
Whether it’s your first time borrowing or you’re simply looking for a better lending experience, BDO offers a path that’s straightforward, flexible, and backed by one of the Philippines’ most trusted banks.
FAQ: Frequently Asked Questions
How long does it take to get approved for a BDO personal loan?
Approval typically takes 5 to 10 business days, depending on your profile and the completeness of your documents.
Can I apply for a BDO personal loan if I’m self-employed?
Yes. Self-employed individuals need to provide additional documents like audited financial statements and business registration.
Do I need to be a BDO account holder to apply?
No, you don’t need to have a BDO account to apply, but having one may speed up the disbursement process.
Is there a penalty for early repayment of a BDO loan?
BDO allows early repayment, but it’s best to consult the loan agreement or ask the branch for specific terms and possible fees.
What is the minimum loan amount I can apply for?
BDO personal loans start at ₱10,000 and can go up to ₱2 million, depending on your income and eligibility.