Step 1: Check Your Qualifications: Bdo Bank

BDO BANK
Step 1: Check Your Qualifications

• At least 21 years old but not exceeding 70 years old at the
end of the loan term
• Filipino Citizens or Foreign Nationals
• Minimum gross income of P50,000/month or its equivalent in
US Dollars
• With stable source of income from employment or business
Locally Self-Employed Employed Abroad

Employed
● 2 to 3 years
consecutive
At least 2 years with At least 2 employment
current company. consecutive ● Assignment of
profitable years of Beneficiary as Load
operation. Administrator if not
in the Philippines at
the time of
application.
Step 2: Prepare The Requirements

Basic Documents
● Completely filled-out application form
● Photocopy of one (1) valid ID matching application
details
Acceptable IDs: Passport, Driver’s License, SSS, PRC,
OWWA ID, OFW ID, Seaman’s Book
● Marriage contract, if applicable
● Income Document
Locally Employed Self-Employed Employed Abroad
● Latest Income Tax ● Photocopy of Any of the following:
Return or BIR Audited Financial
Form 2316 Statements for the ● Proof of
● Latest three (3) last two (2) years Remittance for the
months payslip with latest ITR last 3 months
● Certificate of ● Bank Statements or ● Latest Crew
Employment with Photocopy of Contract, if sea
Income (COEI) Passbook for the last based
six (6) months ● Consularized
● Certificate of Certificate of
Business Employment with
Registration from Income (COEI) or
DTI or SEC, Articles latest three (3)
of Partnership or months payslips
Articles of
Incorporation
(whichever is
applicable)
● Business
Background or
Company Profile
If with Additional Source of Income from Rental of Property/ies

• Lease Contract
• Photocopy of Title
• List of acceptable Visas for Foreign Nationals

(for submission, whichever is applicable).
• Collateral Documents
• Photocopy of Title
• Lot Plan with Vicinity Map
• Photocopy of Tax Declaration
Additional Documents
For Construction Loan*
• Building / Floor Plan of proposed improvement
• Bill of materials
• Building Specification of proposed finishes
*All documents must be certified by an Architect or Civil Engineer
For Refinancing / Loan Take Out

• Statement of Account from current bank and
official receipts for the last three (3) months
Step 3: Submit Application Form and Requirements

Submit through any of the following channels:
• Apply Online
• BDO Home Loan Provincial Business Centers
• More than 1,000 BDO Branches Nationwide
CREDIT UNION
Loan Application Requirements

In many cases, you can join a credit union and apply for a loan at the same time. If you’re
already a member, then you’re that much further ahead in the loan process.
Speak with a loan officer at your credit union to understand the types of loans available
and ask about the basic requirements for getting your loan approved. The credit union
loan process varies from place to place, but most have similar requirements:
Application: You’ll need to fill out an application, either online or on paper.

Identification: On the application, you’ll need to provide identifying information about
yourself, such as a Social Security number.
Employment: Some credit unions require you to have been in the same job for a
certain amount of time (one year, for example).
Income: You’ll need income to repay the loan, and you’ll need to disclose any debts to
the credit union. Your monthly payments on all debts will need to be below a certain
debt-to-income ratio. Your debt-to-income ratio compares your total monthly debt
payments to your monthly income.
Equity or down payment: If you’re buying a house or vehicle, you’ll typically need to
make some sort of down payment. For refinances, you’ll need sufficient equity, usually
measured as a loan-to-value ratio. Your loan-to-value ratio compares your home's value
to your remaining loan balance.
Creditworthiness: A history of borrowing and repaying loans responsibly will help you
get approved. Your credit score is often used to judge creditworthiness.
Loan Application Process

Credit Union Plus will consider loan applications from members for any worthwhile
purpose. Each application is treated in the utmost confidence and will be considered on
its own merits. It is our policy to meet the borrowing requirements of as many members
as possible.
Please note that a loan application cannot be considered without ICB consent and a Loan
Application Checklist. There will be various conditions that must be complied with
depending on your previous loan history.
* Terms & Conditions apply

Loan applications are considered by Loans Officers or our Credit Committee, and
decisions are made as quickly as possible in all cases – typically within just two days.
In deciding whether or not to grant the loan, we take into account the member’s record of
saving and repayments, their ICB report, as well as their ability to repay. Once the loan is
granted, the member can call in to the office and a staff member will discuss the credit
agreement with them.
If the member decides to avail of the loan, they will sign a credit agreement which is a
legally binding document, and commit to regular repayments. The member is then issued
with a copy of the credit agreement outlining their repayment schedule, terms and
conditions of borrowing etc.
Credit Union Plus is flexible with regard to repayment plans, though there are some legal
limitations to the term and amount of loans. Our members will be advised on the best
repayment plan to meet their own circumstances.
Should you experience difficulties in meeting repayment commitments, you should

immediately explain the situation to us and we will treat the matter sympathetically and
in total confidence.
CTI Direct Capital
Loan Application Requirements

Although some of the documentation and information you’ll need to provide to CIT
Direct Capital will vary based on the financing you’re applying for, in general, you’ll be
asked for:
● Basic information about you, the business owner, including your name, address,
social security number, driver’s license, and ownership percentage
● Information about your business, including your entity type, industry, EIN, and
DBA (if applicable)
● Loan amount request
● Three to six months of business bank statements
● Business and personal tax returns
● Business financial statements (e.g. profit and loss statement, balance sheet, etc.)
Loan Application Process

You can fill out an application for a CIT Direct Capital business loan fairly quickly
online. First, you’ll just have to provide preliminary information about your business—
including how much you want to borrow, your ownership percentage, etc.
After you submit your initial application, you’ll wait to receive word from CIT about
next steps. If you’ve passed the initial qualification, they’ll likely ask you to upload
documentation such as your tax returns and business bank statements.
If you’re applying for equipment or franchise financing, you may have to submit
additional documentation or work with a CIT representative to continue through the
underwriting process. Once you’ve completed your entire application, however, CIT
Direct Capital can typically underwrite your financing fairly quickly. As we mentioned,
they often fund businesses as fast as one day.
Therefore, if you’re approved, you’ll be able to receive an offer, sign your documents
electronically, and have your funds sent to your business bank account. That said, CIT
may require a personal guarantee from business owners, as well as file a lien on your
business assets, so you’ll want to review your offer carefully to ensure you understand all
the terms and conditions before signing.

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BDO BANK

Step 1: Check Your Qualifications

Locally Self-Employed Employed Abroad

Step 2: Prepare The Requirements

If with Additional Source of Income from Rental of Property/ies

• List of acceptable Visas for Foreign Nationals

For Refinancing / Loan Take Out

Step 3: Submit Application Form and Requirements

Loan Application Requirements

Application: You’ll need to fill out an application, either online or on paper.

Loan Application Process

* Terms & Conditions apply

Should you experience difficulties in meeting repayment commitments, you should

CTI Direct Capital

Loan Application Requirements

Loan Application Process

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