The easiest and fastest way to apply for a personal loan in the Philippines

The easiest and fastest way to apply for a personal loan in the Philippines

Personal Loan Requirements for Employed Individuals

Personal Loan Requirements for Employed Individuals

Personal loan application requirements for Salaried/Employed individuals varies from one bank to another, here is a list of what is commonly asked/required.
  • The minimum monthly income for salaried/employed individuals applying for personal loan is Php 15,000
  • With or without a Credit Card.
  • At least (1) one year employed or a regular employee
  • Latest ITR | BIR Form 2316
  • ID issued by the employer with photo and 3 specimen signatures
  • Any Government issued ID with photo
  • Three (3) months latest payslip
  • Certificate Of Employment (COE)
For Personal Loan application requirements specific to Call Center employees click here

BDO Personal Loan Assistance Philippines

Personal Loan Philippines
Application Assistance Services

Requirements & Documents:
The requirements for Personal Loan Application varies from one bank to another. You will be informed.

Loan Amount:
From P10,000 up to P2,000,000 depending on your salary and/or Credit Card limit. Approximately the maximum approvable monthly loan re-payment is 30% of your gross monthly salary.

Available Loan Terms:
From 6 months, 12 months, 36 months and up to 48 months depending on the bank.

Basic Qualification:
- Must be 21 to 65 years old (end of loan term should be before your 65th birthday).
- Must have good credit standing. No historical defaults.
- If self-employed, business should be operational for at least 2 years.

Requirements for Employed/Salaried Individuals:
- Checking Account
- Latest Certificate of Employment (should not be more than 30 days old). Basic monthly salary, position and length of service must be indicated.
- 2 months latest payslips
- Latest ITR
- 2 Government issued ID (Passport, SSS, PRC, Driver's License, Voter's ID)
- 1 Company issued ID (front and back) with 3 specimen signatures beside the front copy of the ID
- Copy of recent Credit Card statement, if any

Requirements for Self-Employed Individuals:
- DTI/Business Permits
- 6 months bank statements
- Latest Audited Financial Statements with ITR
- Trade References