Choose a country
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
United States
Việt nam

BDO business loans for October 2022 in the Philippines

Get a business loan at BDO. On 02.10.2022 there are 4 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 4

Project Finance Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱10,000 - ₱1,000,000
Term loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱1,000,000 - ₱20,000,000

Loan term for the financial product

up to 60 months
SME loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱3,000,000 - ₱20,000,000

Effective interest rate on the product

up to 7.25% per annum

Loan term for the financial product

up to 60 months
Submit your loan application online
Submit your loan application online

Take advantage of our business loan selection system with a free credit check!

Working Capital Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™

Loan term for the financial product

up to 12 months

Business loan application in the Philippines

Loan amount

Specify the desired loan amount

100000 ₱
10000000 ₱
Loan term

Specify the loan term for the calculation

Business loan application
Your data is securely protected
Loan amount
0 ₱
Loan term
0 month
Loan comission
29 246

Other types of business loans

How to get a business loan

Fill out your application
Fill out your application

On our website you can fill out a short application form for a loan.

Pass a credit check
Pass a credit check

We will offer you to check your credit score online for free.

Send your application online to the suggested companies
Send your application online to the suggested companies

After checking your credit rate, you will be able to send your loan application to the appropriate companies.

Wait for a response from the lender
Wait for a response from the lender

If necessary, the lender will contact you to clarify the details.

Get your loan!
Get your loan!

Get the money to a bank account.

Apply Your data is securely protected
BDO business loans for October 2022

Applying for a loan is one of the most common ways to gather funds, which can be useful for buying a car, home, starting a small business, and many similar activities. In dire needs, one should take out a loan only from a reputable and regulated financial institution to avoid any hiccups. This includes banks authorized by the SEC and allowed to provide Philipinos with their lending services. One of the top options for this purpose is to apply for a loan with Banco de Oro, also known as BDO.

BDO has positioned itself for enhanced balance-sheet strength and continued expansion into new markets through selected acquisitions and organic growth. BDO is one of the Philippines’ largest banks in consolidated resources, client loans, deposits, assets under management and even capital, and branches and ATM networks nationally.

Getting a loan is understandably a meticulous process that requires a lot of work. However, BDO loans offer borrowers an easy and straightforward way to apply for a loan. If you are an entrepreneur looking for business loans to start up your own business, gather additional capital for production increase, or operational expansion, BDO loans offer many products that can cater to your requirements. The company also provides lending services to individual applicants who are looking for a personal loan or similar lending products.

What is a BDO loan?

BDO loans are fully owned by BDO Unibank, which is a full-service universal bank in the Philippines that provides a complete array of industry-leading products and services, including corporate and consumer lending. BDO offers low-interest rates and easy repayment options, which you can use to finance any of your personal or business needs. These requirements can include home renovation, payment for tuition fees, buying furniture, home appliances, gadgets, travel, repayment for debt, any special occasions, or even a health emergency. You can also apply for a loan with BDO if you want to start up your own business, raise additional capital for expansion, and do other business activities.

What are the major types of BDO loans?

BDO offers a wide variety of loans that fall under two major categories: business loans and personal loans.

Business loans offered by BDO

Project finance loan. You can apply for this loan if you are looking for funds to finance your project. The loan is granted based on your project’s cash flows and ranges from ₱10,000 to ₱1,000,000.

SME loan. BDO SME loan provides funding for long-term business investments. It ranges from ₱3,000,000 to ₱20,000,000. The interest rate for a 1 to 3-year term loan is 6.25%; for a 4-5 year term loan, it is 7.25%.

Term loan. The bank offers this loan for constructing a building, factory, or plant. It can also be used for expanding or modernizing your plant and purchasing equipment. The loan comes with a medium-term period of 1-3 years and a long-term period of 3 - 5 years. Repayments for both can either be monthly or quarterly. This loan ranges between ₱1,000,000 to ₱20,000,000.

Working capital loan. A working capital loan can fund your business’s day-to-day requirements.

Consumer loans offered by BDO

Personal loan. There are low-interest rates and easy payment terms in a personal loan. This includes loans for home renovation, tuition, education, travel, balance transfer, debt consolidation, etc. You can also apply for a personal loan if you need funds to buy appliances or furniture, for special events, or for medical emergencies. The minimum loan amount is ₱10,000, whereas the maximum is ₱1,000,000.

Auto loan. If you require a loan to finance the purchase of a brand new or pre-owned car, whether for your personal or business use, you can apply for an auto loan. This loan amount ranges from ₱10,000 to ₱1,000,000.

Home loan. You can apply for this loan if you want to purchase or renovate a property. The minimum loan amount is ₱500,000, and the maximum is ₱1,000,000.

How to apply?

Applicants can apply for a BDO loan online via their website or visit their branch in person. Please, note that to complete the application process started on the site, you will still need to go to the bank to finish it.

Applying in a branch

  • Visit any BDO branch closest to you or any BDO Loan Provincial Business Center.

  • Get a loan application form specifically for the loan you’re applying for.

  • Ask customer care for the requirements.

  • If you’re eligible, fill out the form you got earlier.

  • Submit the form with the required documents.

Applying online

  • Go to BDO’s official website.

  • Under the left menu, click on Loans, then select the loan you want to take.

  • Check all the details related to your loan, and click on Submit application form and requirements and then Application form.

  • An application form will open in a new tab. Download the form, read it carefully, and fill in all the required information, including your personal, financial, and residential details.

  • Submit the form to the nearest BDO branch.

What are the main requirements?

Many documents are needed to apply for a loan, and it’s better to be aware of these requirements on time to make sure they’re all readily available. The documents and requirements needed to apply for a BDO loan are divided into different segments below.

Personal loan.

The borrower should be 21 years old at the time of application but not older than 70 years old upon loan maturity. They must be a Filipino citizen or a foreigner who is also a resident of the Philippines. They should have a gross fixed annual income of ₱180,000 for salaried employees and ₱400,000 for self-employed/professionals. The applicant must be a regular employee or self-employed with a business operating for two years. They must have an active mobile number. The residence or office address must be within any area where a BDO branch is located. Must have proof of income.

Proof of Identification

Photocopy of at least two of the following valid photo-bearing identification documents must be front and back, issued and signed by an official authority.

  • Passport

  • Driver’s license

  • Unified multi-purpose ID (UMID)

  • Professional regulations commission ID (PRC)

  • Clearance from the national bureau of investigation (NBI)

  • Barangay certification

  • E-card from the government service insurance system (GSIS)

  • Social security system (SSS) card

  • Senior citizen card

  • Police clearance

  • Postal ID

  • Voter’s ID

  • Overseas workers welfare administration (OWWA) ID

  • OFW ID

  • Seaman’s book

  • Alien certification of registration or immigrant certificate of registration

  • Certificate from the national council for the welfare of disabled persons (NCWDP)

  • The department of social welfare and development certification (DSWDC)

  • Integrated bar of the Philippines ID

  • Company ID that a private entity or institution issues registered or supervised either by BSP, SEC, or IC.

Additional requirements

Salaried employees

One photocopy of the latest income tax return duly stamped as received by the Bureau of Internal Revenue (BIR). The applicant can also present a BIR Form 2316 signed by the employer’s authorized representative along with any of the following documents:

  • Latest full-month’s payslip/s.

  • Original employment certificate indicates status, service tenure, and compensation breakdown.


One photocopy of the latest income tax return duly stamped as received by the Bureau of Internal Revenue (BIR) and audited financial statements for the last two years along with the following documents:

  • Registration of Business Name (mandatory), issued by the department of trade and industry (DTI) for single proprietorship and issued by the securities and exchange commission (SEC) for partnership firms.

  • Latest three months bank statement (optional).

Foreign residents

  • Copy of Employment Contract or Certificate of Employment.

  • Letter from the Embassy (if Embassy Official).

  • Any one of the following valid documents: valid VISA and work permit; Alien Certificate of Registration (ACR) or Immigrant Certificate of Registration (ICR) or ACR-I; valid passport with any of the following: Special Investors Resident VISA, Special Non-Immigrant VISA for PEZA investors and employees, VISA with EO266.

BDO Kabayan program

  • Signed automatic debit arrangement form.

  • Authorization Letter for Beneficiary signed by OFW.

  • Beneficiary Information Form.

Home loan and auto loan

Applicants must be at least 21 years old but not older than 70 years and must be Filipino citizens or foreign nationals. They must have a minimum gross income of ₱50,000/month or equivalent in foreign currency. Applicants should have a stable source of income from employment or business with a stable source of income. If locally employed, the applicant should have at least two years of experience with their current company. If self-employed, they should have at least two consecutive profitable years of operation. If employed abroad, the applicant should have 2 to 3 years of consecutive employment and a beneficiary or loan administrator living in the Philippines at the time of application.

Along with that, the following documents will be required.

  • Photocopy of one valid ID with matching details (acceptable IDs are passport, driver’s license, SSS, and PRC)

  • Marriage contract, if applicable.

  • Proof of income documents

Additional requirements

Locally employed

  • Latest Income Tax Return or BIR Form 2316 or the latest payslip.

  • Certificate of employment with salary.

  • Additional for foreigners, current employment contract.


  • Audited financial statements for the last two years with the latest ITR.

  • Bank statement or passbook for the last six months.

  • Certificate of business registration from DTI or SEC, articles of partnership, or article of incorporation (applicable).

  • Business background or company profile.

Abroad employees

  • Must show proof of remittance for the last three months.

  • Consularized certificate of employment with income (COEI) or latest three months payslips

  • The latest crew contract is sea-based.

Collateral documents

  • Photocopy of title

  • Lot plan with vicinity map

  • Photocopy of tax declaration.

Construction Loan

  • Building/floor plan of the proposed improvement.

  • Bill of materials

  • Building specification of proposed finishes

*All documents must be certified by an Architect or Civil Engineer.

SME loan

Applicants must be between the age of 21 years to 70 years. They should either be a sole proprietorship, partnership, or corporation. Their business must be in profitable operation for at least two consecutive years and must have minimum annual gross sales of 1 million. Business must be within a BDO serviceable area. They are also required to submit a signed application form and the following documents.

  • Copy of 1 valid ID. (acceptable IDs are passport, driver’s license, SSS, and PRC)

  • Marriage contract (if applicable).

  • Audited financial statements for the last two years with the latest ITR.

  • Bank statement for the last six months.

  • Certificate of business registration with DTI.

  • Company’s profile with all its accomplishments.

  • Articles of partnership and certificate of registration issued by SEC.

  • Any one of the following:

  • Certificate of Registration issued by SEC.

  • Latest amended Articles of Incorporation and By-Laws.

  • List of elected officers/General information slip.

  • Board resolution/secretary certificate.

  • For collateral and support documents, you need:

  • Photocopy of title

  • Lot plan with vicinity map

  • Tax declaration

  • Special Power of Attorney (SPA), if applicable.

  • For a construction loan, you need:

  • Building/floor plan of the proposed improvement.

  • Bill of materials

  • Specifications of proposed finishes.

  • For refinancing/loan take out, you need:

  • Statement of account from a current bank.

  • Official receipts for the last three months.

*Other documents may be required upon evaluation.

Project finance loan

A qualified party should prepare a feasibility study and a complete information memorandum. This will include the project’s description, location, legal status, ownership, and the background and status of important parts of the project structure. Such agreements, licenses, local partner involvement, and funding should all be included in this research. All contracts are required for the project’s construction and operation. Estimated project costs via commissioning, including interest and working capital needs, broken out by key cost categories and nation of origin. Among them are:

  • Any “soft costs,” such as development charges, fees, owner’s contingencies, and similar elements.

  • Proposed interest coverage during construction, as well as the calculating technique.

  • Annual financial statements should be included with a sensitivity analysis for predicted, pessimistic, and optimistic scenarios.

The applicant must also submit market data, including years of historical price and volume, current and projected industry capacity, and product demand forecast with assumptions. A description of the several forms of insurance coverage may be bought for the project’s pre-and post-completion stages. Applicants must also submit the information about the infrastructure necessary for the project to operate, including scheduling, status, and development plans. Additional information might be required, including the competition description and projected market share. Along with consumer identity, location, marketing, and distribution strategy. A summary of the project’s main risks and rewards for sponsors and lenders must be submitted.

A security package is required, which comprises the intended source, amount, currency, and conditions of debt and equity investments. It should also include the sources of finance in the case of project cost overruns and descriptions of escrow accounts. If relevant, details on the terms, security requirements, and the status of additional lenders’ financial commitments to the project should be disclosed. All funding sources that have been explored must be mentioned. Financial forecast assumptions may be required depending on the loan terms.

Working capital and term loan

Applying for a working capital loan is simple. You will just need SEC registration, articles of incorporation, by-laws, and the latest general information sheet. It also requires a list of your top customers and suppliers with contact information and the bank statements for the last six months. Furthermore, you will need the following collateral documents:

  • If real properties, submit a copy of TCT, tax declaration, lot plan, and vicinity map.

  • If machinery, submit a copy of the sales contract, purchase order, and brochure.

Refinancing loan

A statement of your current bank account and official receipts for the last three months.

How to repay?

These are the steps to follow to repay your BDO loan:

  • Walk into any BDO branch nationwide.

  • Meet the payment officer and tell them you want to repay your loan. A form will be given to you.

  • Fill out the form, indicating your loan type and agreement.

  • Submit the form and deposit your payment.

Online customers have already activated the automatic debit arrangement (ADA), meaning you’ll get debited automatically when the time is due.

Pros and cons

Before applying for a loan, it is very important to gauge all its advantages and disadvantages. This will determine if it is suitable for you or not.


  • BDO offers fixed interest rates, which makes it easier to know the total cost of your loan before applying.

  • The loan is not repayable on demand and is always available for a long term of up to 5 years.

  • Applicants have access to hundreds of BDO subsidiaries and branches throughout the country, which is very useful.


  • Bigger loans come with strict terms and conditions that must be adhered to such as the provision of quarterly management of information, etc.

  • Loans are not very flexible because you could be paying interest on funds you’re not using.

  • Online loan application is not possible to finish on the site.

  • There may be some charges if you want to apply for early payoff, particularly if the interest rate on the loan is a fixed one.

Legal regulation of BDO loans in the Philippines

According to the SEC, if a lender wants to offer loans to Philipinos, all the loan agreements must specify general terms that define the legal obligations of each party. The repayment schedule, contract breach, interest rate, loan security, and collateral offered must be clearly outlined.

Involved parties. This refers to the borrower and lender’s personal information that should be clearly stated in the loan agreement. The information should include the names, addresses, social security numbers, and phone numbers of both sides.

Choice of law. This refers to the difference between laws in two or more jurisdictions. An example is that the laws governing a specific part of a loan agreement may differ from the same law in another province. It is very important to identify which province laws will apply.

Severability clause. This states that the terms of each contract are independent of each other. Hence, if one condition of the contract is deemed unenforceable by a court, it doesn’t mean all conditions are unenforceable.

Entire agreement clause. This term defines the final agreement and supersedes any former agreements made in negotiations, whether written or oral. In other words, it is the final say, so anything said or written before no longer applies.

The real cost of a BDO loan

The minimum loan amount is ₱10,000.00, and the highest loan amount is ₱20,000,000.00. The loan amount is subjected to bank approval and determined depending on the provided income documentation.

Generally, the effective interest rate of cash loans in the Philippines ranges from 1.25% to 15%. EIR is the rate that measures the cost of borrowing money loans. EIR is composed of the following fees/charges:

  • Monthly interest charge. It ranges from 1.2% to 7.25%. The interest rate is applied to the total amount owed, including any unpaid personal loan fees and levies. Borrowers continue to pay interest until the loan sum is paid, compounded monthly.

  • Processing fee. The processing fee in a BDO loan is ₱1,300, which is deducted from loan proceeds.

  • Late payment fee. The late payment fee is 5% of the amount due or ₱300, whichever is higher.

  • Returned check fee. The returned check-in BDO loan is ₱500 per returned check.

  • Certification request fee. The certification request fee for a BDO loan is ₱100 per request.

  • Documentary stamp tax fee: Documentary stamp tax fee in BDO loan is ₱1.50 for every ₱200 approved loan amount or fraction thereof, whichever is higher.

  • Applicable for approved loan amounts greater than ₱250,000 or for business purposes (regardless of the amount).

  • Installment processing fee. The installation processing fee for a BDO loan is 5% of the total outstanding principal balance or ₱300, whichever is higher.


The application processes for BDO loans are quite simple. The BDO loan is a good option for you; however, be aware of debt traps. There is a need to evaluate constantly (using the official loan calculator from the BDO Official Website) how a loan will affect your finances before applying for one, primarily if the lender uses high-interest rates.

Applying for a BDO loan can be conveniently done online nowadays. Just make sure you have gathered all of the requirements and submit your application accordingly. Besides, there shouldn’t be any issues with the processing whatsoever. If you have any specific concerns or queries regarding BDO’s loan facilities, you may visit one of their branches closer to you or its official website to learn more.