Whether you're salaried or self-employed, here's exactly what BDO needs — plus how to potentially cut your monthly payment by thousands through Nook.
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Why this matters
BDO is one of the Philippines' most accessible home loan lenders, accepting a wide range of borrower types — from private employees and government workers to OFWs, seafarers, and self-employed professionals. The core requirements are similar across all applicants, but the supporting documents differ significantly depending on how you earn your income. Getting your paperwork right the first time is the single biggest factor in avoiding delays, which is why having a clear, up-to-date checklist matters. You can find a broader overview of BDO's product lineup and current fixed rates in our BDO Home Loan Interest Rate 2026 guide.
For salaried employees, BDO typically requires a completed application form, one valid government-issued ID, your latest one-month payslip, a Certificate of Employment (COE) with compensation details, your ITR (BIR Form 2316) for the past two years, and three months of bank statements. For self-employed applicants, the documentary requirements are more extensive: you'll need your DTI or SEC registration, business permits, audited financial statements for the past two years, a BIR Form 1701 (ITR), six months of bank statements, and a list of trade references or major clients. Both categories require property documents for the collateral — typically a TCT or CCT, tax declaration, and a vicinity map. BDO's minimum monthly income requirement is 50,000 pesos, and the maximum debt-to-income ratio is 40%.
If you already have a BDO home loan — or a loan with any other bank — it's worth checking whether refinancing could lower your rate. Nook partners directly with BDO and can help you access their 1-year fixed rate of 6.00% p.a. at no cost to you. On a 3,000,000 peso loan, moving from a typical 8.50% rate to 6.00% could save you over 3,000 pesos every single month. See our complete BDO housing loan requirements guide for a deeper look at eligibility and the end-to-end application process.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
BDO requires a minimum gross monthly income of 50,000 pesos for home loan applicants. This applies to both salaried employees and self-employed individuals, though self-employed applicants must demonstrate this income through audited financial statements and ITR filings rather than payslips.
Salaried applicants need a completed application form, one valid government ID, their latest payslip, a Certificate of Employment with salary details, BIR Form 2316 for the past two years, and three months of bank statements. You'll also need to provide property documents for the collateral, such as the Transfer Certificate of Title (TCT) and tax declaration.
Self-employed applicants need to submit DTI or SEC registration, current business permits, audited financial statements for the last two years, BIR Form 1701 (annual ITR), six months of bank statements, and trade references. The higher documentary burden reflects BDO's need to assess the stability and consistency of business income, so keeping your records up to date with your accountant before applying will speed things up significantly.
BDO's typical loan approval timeline is around 30 days from submission of complete documents. Incomplete submissions are the most common cause of delays, which is why preparing a full document package before submitting — especially for self-employed applicants — is strongly recommended. Applying through Nook means you get a checklist review before anything is submitted to the bank.
Yes — Nook is a BDO partner and can facilitate refinancing your existing home loan to BDO at no cost to you. BDO's current 1-year fixed refinancing rate through Nook is 6.00% p.a., which is significantly lower than the 7–10% many Filipino homeowners are currently paying. The service is 100% free for borrowers, and Nook handles the coordination and paperwork on your behalf. Note that interest rates are subject to change — contact Nook to verify the latest available rates before applying.
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