How Can a Foreigner/Non-Filipino Apply a BDO Loan for Financing Condominium?

For those who are asking questions whether a foreigner/non-Filipino can be accepted or allowed to apply for BDO (Banco de Oro) loan for financing a condominium. Yes, a foreigner is allowed to loan in BDO if he/she meets the needed requirements.

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)

Do you have any concern with regarding foreigner's getting a BDO loan for a condominium?

"How Can a Foreigner/Non-Filipino Apply a BDO Loan for Financing Condominium?" was written by admin under the Banking category. It has been read times and generated 0 comments. The article was created on 18 February 2014.

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