"So my american boyfriend want to buy a condo in marikina. can he apply a condo loan in bdo (Banco de Oro) Philippines?" And Planning to live in the Philippines together permanently might be one of their dreams. When times they need money to finance their dream home, condo or car, their search of loan application to certain banks begins.
An American or a foreigner can avail a loan in Banco de Oro (BDO) to finance a condo. Banco de Oro is one of the largest banks in the Philippines. They offer flexible loan terms. An American or a US citizen can avail a loan if he/she meets the following requirements: Eligibility Requirements - At least 21 years old but not exceeding 65 years old upon loan maturity - Stable source of income from employment or business - Minimum gross family income of Php 50,000.00/month If employed, at least 2 years with current company If self-employed, at least 3 profitable years of operation (if with business) or 3 years practicing profession (if practicing professional)
The applicant must submit the following documents: - BDO Loan Application Form (to be secured in the bank) - 1 valid government-issued ID with photo and signature (photocopy). You must also bring the original ID for further verification. - Marriage Certificate/Contract, if applicable (photocopy) For foreigners (including American) bring photocopy of Alien Certificate of Registration (ACR) showing Visa status as permanent immigrant or Alien Employment Permit (AEP) or VISA ID.
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