Banking Financial Institution

BDO Unibank Inc.

Rural Bank

Non-Bank Financial Institution

Social Security System (SSS)

Government Service System (GSIS)

Palawan
Requirements And Process For Loan Application

Step 1: Check your Qualifications

BDO Personal Loan
Eligibility Requirements
•Must be 21 years old at time of application but not more than 70 years old upon loan maturity
• Applicant must be a Filipino citizen or a foreigner who is a resident of the Philippines
• Minimum Gross Fixed Annual Income Requirement:
      ◦ P180,000 for Salaried Employees
      ◦ P400,000 for Self-Employed / Professionals
• Regular employee or self-employed with business operating at least two (2) years
• One (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
• Residence or office address must be within any area where a BDO branch is located
 

BDO Kabayan Program

1. Overseas Filipino Worker (OFW)

Eligibility Requirements
• At least 25 years old at the time of loan application and not more than 65 years old at the time of loan maturity
• Former Filipinos with or without dual citizenship; Filipinos married to foreigners; Filipinos based abroad/OFW and their
Beneficiaries
• Must have at least two (2) years continuous employment contract
• Must have at least one (1) landline phone at either residence or employment/business
• Gross monthly income must be at least P20,000 or its US$ equivalent
• With good credit history

Beneficiary Requirements
(Required only if proceeds will be released to any person other than the applicant him/herself)
• Must have a landline
• Limited to the following: spouse or children, immediate family members (parents or siblings), relatives of up to 3rd
degree of consanguinity
• Beneficiary must be residing/working within BDO serviceable areas (30km radius from any BDO branch)

Processing Guidelines
• Employment verification with employer will be done via callout or email
 

2. Seaman/ Domestic Helpers

Eligibility Requirements
• At least 25 years old at the time of loan application and not more than 65 years old at the time of loan maturity
• Must be Filipino citizen
• Must have at least 3 years continuous employment contract
• Must have at least 1 landline phone at either residence or employment/business
• Gross monthly income must be at least P20,000 or its US$ equivalent
• With good credit standing

Beneficiary Requirements
(Required only if proceeds will be released to any person other than the applicant him/herself)
• Must have a landline
• Limited to the following: spouse or children, immediate family members (parents or siblings), relatives of up to 3rd
degree of consanguinity
• Beneficiary must be residing/working within BDO serviceable areas (30km radius from any BDO branch)

Processing Guidelines
• Check Manning Agency vs. POEA Manning Agency List
• Employment verification with Manning Agency

Step 2: Prepare the Documents

BDO Personal Loan & Kabayan Program

Basic Document Requirements

Pre-Approval

 Proof of Income for Salaried Employees

• Photocopy of the latest Income Tax Return duly stamped as received by the Bureau of Internal Revenue (BIR) or BIR
Form 2316 signed by employer's authorized representative (MANDATORY)
• Plus any of the following: Latest full-month's payslip/s ; Original Certificate of Employment indicating status, service
tenure and compensation breakdown

Proof of Income for Self-Employed/Professionals

• 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 (2) years (MANDATORY)
• Photocopy of Registration of Business Name (MANDATORY)
     ◦ For Single Proprietorship: issued by the Department of Trade and Industry (DTI)
     ◦ For Partnerships: issued by the Securities and Exchange Commission (SEC)
• Latest three (3) months' bank statement (OPTIONAL)
 

Proof of Identification
Photocopy of at least two (2) valid photo-bearing identification documents, front and back, issued and signed by an
official authority such as:
• Passport
• Driver's License
• Unified Multi-Purpose ID (UMID)
• Professional Regulations Commission (PRC) ID
• National Bureau of Investigation (NBI) Clearance
• Police Clearance
• Postal ID
• Voter's ID
• Barangay Certification
• Government Service Insurance System (GSIS) E-card
• Social Security System (SSS) Card
• Senior Citizen Card
• Overseas Workers Welfare Administration (OWWA) ID
• OFW ID
• Seaman's Book
• Alien Certification of Registration/Immigrant Certificate of Registration
• Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
• Department of Social Welfare and Development Certification (DSWDC)
• Integrated Bar of the Philippines ID
• Company ID's issued by private entities or institutions registered or supervised either by BSP, SEC or IC.

For Resident Foreigners Only

• 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; or Valid passport with any of the following: Special Investors
Resident VISA, Special Non-Immigrant VISA for PEZA investors and employees, VISA with EO266

Additional document requirements for BDO Kabayan Program

• Signed Automatic Debit Arrangement Form

• Authorization Letter for Beneficiary signed by OFW
• Beneficiary Information Form

Step 3: Submit Application Form and Requirements

BDO Personal Loan & Kabayan Program

• Submit your application at any of our BDO branch nationwide

• For our Kabayans working abroad, you may use the BDO Kabayan Application forms by clicking the following links:

  ◦ BDO Kabayan – Secured

      ▪ Application Form
      ▪ Deed of Assignment Form
      ▪ Automatic Debit Arrangement Form
      ▪ Beneficiary Information Form

  ◦ BDO Kabayan – Unsecured

      ▪ Application Form
      ▪ Authorization Form
      ▪ Automatic Debit Arrangement Form
      ▪ Beneficiary Information Form
 Requirement And Process In Applying Loans:
1. Fill-up the application form and Promissory Notes that will be given by the Loan Representative
2. Transfer Certificate of Title
3. Tax Declaration
4. Tax Clearance
5. Tax Receipt – Latest/updated
6. Barangay Clearance
7. Location Plan
8. 2 valid Identification with pictures
9. 2 pcs 2×2 picture taken not more than 6 months from the date of application.
10. 2 pcs 2×2 picure of spouse (if married) taken not more than 6 months from date of application.
11. Annual Income Tax (for small business or corporate loan)
12. Financial Statements (for small business or corporate loan)
13. Payslips (for Salary loans or MOA)
14. Proof of Billing
15. Picture of the property (for Title with Building or House)
16. Co-Maker Identification with picture
17. Inventory of stocks (updated, for sari-sari store or mini grocery)
18. Special Power of Attorney (if needed)
19. Other documents are to be asked, if needed.

© 20Rights Reserved
 Requirements And Process For Loan Application
1. Eligible Borrowers

The eligible borrowers shall be new or existing private industries and enterprises including registered Barangay Micro Business
Enterprises (BMBEs) with the following qualifications:

1. Single proprietorship, Partnership or Corporation, as least 60% Filipino owned, including cooperatives and non-governmental
organizations;

2. Engaged in any business activities allowed/registered under the Philippine laws such as but not limited to the following:

1. Agri-Business - contract growing, aquaculture

2. Food Processing - rice mill, oil  mill, feed mill, meat processing, etc.;
3. Manufacturing - garment, ceramics, textile, furniture, construction materials
4. Commercial Production - particularly of food and basic consumer items and products for export
5. Service-Oriented Enterprises - transportation, warehousing, utilities, communications, etc.
6. Tourism Related Projects - hotel, resort, theme park, etc.
7. Real Estate Development Projects - industrial estate development
8. Sustainable Energy Projects - construction of green building, waste management system, sewerage treatment plant, etc.
9. Extractive Industries - mining, quarrying, dredging, oil and gas extraction projects
10. Forest Development Projects - plantation, reforestation, regeneration and other forest related projects
11. Trading Business
12. Leasing/Lending Business

3. Have proven track record of profitability for existing enterprises; provided that if the company incurred losses in any year during the
past three (3) years, the average income of past two (2) or three (3) years should be positive.  The three (3) year track record of
profitability may be waived for enterprises which started operations during the last five (5) years.  In any case, the borrower should be
able to justify projection of viable operations with debt-equity ratio not exceeding 3:1 after financing; and

4. Must be an SSS member-employer in good standing.

The borrower is also subject to other criteria and policies which the Social Security Commission may impose from time to time.

2. Loan Purposes
The loan may be used for the following purposes:

1. Site development;
2. Enhancement or modernization of existing facilities;
3. Construction or repair of building and other civil works;
4. Acquisition or repair/upgrading of machinery and equipment including furnishings;
5. Acquisition of existing facilities;
6. Acquisition of land (up to 50% of the acquisition cost); or
7. Working capital
 Loan from Pawnshop Palawan

How to apply for a Pawnshop Palawan loan?

To pawn, you need to:

   Bring your gold jewelry for evaluation

   Bring your gold jewelry to the pawnshop for an assessment.
   Apply the standard form.
   Sign the pawnshop ticket.
   Get a security ticket.