Salary Loan

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For Employees of Local Government Units, Selected National Government Offices and Employees of Private Institutions.

The “ SALARY LOAN for LGUs ” is a loan granted to REGULAR / PERMANENT salaried employees of LOCAL GOVERNMENT UNITS ACCREDITED CORPORATIONS located within the Provinces of Zamboanga del Norte, Zamboanga Sibugay, Zamboanga del Sur, and Misamis Occidental.

Product Features:

  1. Various interest rate schemes
  2. Optional loan term ranging between 12 to 36 months
  3. Affordable monthly amortization payment
  4. No ceiling on loanable amount
  5. With very affordable life insurance coverage adequate for the protection of the family

Client Eligibility Requirements:

  1. Salaried individuals between 21 to 62 years old
  2. Must be an employee of a barangay, a municipality, a city, a provincial government unit, a selected national government office, or a private institution that has established a Memorandum of Agreement with BDI
  3. Must be regular/permanent employee of the LGU for at least two (2) years
  4. Residences and places of business are located within BDI serviced areas
  5. Of good health

Documentary Requirements:

  1. Latest Payroll / Pay Slip / Certificate of Remuneration
  2. Certificate of Appointment
  3. Service Record (Current Year)
  4. Notice of Salary Increment / Adjustment, if any
  5. Certification on Leave Credits
  6. Income Tax Return / BIR Form 2316 (Optional)
  7. Photocopy of Community Tax  Certificate / TIN (Optional)
  8. Photocopy of Two (2) Valid IDs
  9. Two (2) 2” X 2” Latest ID Pictures
  10. Two (2) Co-Makers
  • For DepED Teachers and Employees

The “SALARY LOAN for TEACHERS” is a loan granted to REGULAR / PERMANENT salaried teachers and employees of the Department of Education whose residences and places of work are located within the Provinces of Zamboanga del Norte, Zamboanga Sibugay, Zamboanga del Sur, and Misamis Occidental.

Product Features:

  1. Interest rate for as low as 1% per month
  2. No hidden charges
  3. Optional loan term ranging between 12 to 24 months
  4. Affordable monthly amortization payment
  5. No ceiling on loanable amount
  6. With very affordable life insurance coverage adequate for the protection of the family

Client Eligibility Requirements:

  1. Salaried individuals between 21 to 62 years old
  2. Must be regular/permanent teacher or employee under the Department of Education
  3. Residences and places of business are located within BDI serviced areas
  4. Of good health

Documentary Requirements:

  • Latest Original Payslips for three (3) consecutive months
  • Certificate of Appointment (Authenticated)
  • Service Record (Authenticated)
  • Certification on Leave Credits
  • Income Tax Return / BIR Form 2316 (Optional)
  • Photocopy of Community Tax  Certificate / TIN (Optional)
  • Photocopy of Two (2) Valid IDs
  • Two (2) 2” X 2” Latest ID Pictures
  • Two (2) Co-Makers