For Overseas Filipino Workers (OFWs), owning a home represents stability, security, and a better future for their families. But how can you make that dream come true while working abroad? BDO Unibank offers the perfect solution combo: the Kabayan Savings Account and BDO Home Loans. These two financial tools work hand-in-hand to help OFWs save, plan, and achieve their goals of homeownership.
Here’s how they can help you on your journey.
Start with the Kabayan Savings Account
The Kabayan Savings Account is designed for OFWs and their families, simplifying money management and savings. It’s more than just a savings account—it’s a partner in building a secure financial future.
Why Open a Kabayan Savings Account?
- Low Initial Deposit and Flexible Requirements*
Open an account with just PHP 100. No minimum maintaining balance is required as long as a remittance is made to the account at least once every two years. - Convenient Online Banking
Access your account anytime through BDO’s mobile app or online platform. Monitor transactions, pay bills, or send money with ease. - Interest-Bearing Account
Your savings grow over time, offering added benefits for long-term financial goals. - Free Life and Accident Insurance
Qualify for free life and accident insurance by maintaining a monthly average daily balance of PHP 25,000 and making at least six remittances in the past year. - Fast and Secure Remittances
Send money to your family directly through the account using BDO Remit. Funds are credited immediately for hassle-free transfers. - Access to Financial Products
This account opens doors to other BDO offerings, including loans, investments, and home financing. - Wide Network of Remittance Partners
With a strong global presence, BDO makes sending and receiving money convenient for OFWs and their families. - Passbook and ATM Options
Choose between a passbook account for detailed tracking or an ATM account for quick access to cash.
*NOTE: If no remittance is made to the account within two years, the Kabayan Savings Account converts to a regular savings account. Then it will have a maintaining balance requirement of PHP 2,000.
How the Kabayan Savings Account Helps with Home Loans
When it’s time to make your dream home a reality, the Kabayan Savings Account is a key asset.
- Streamlined Loan Applications
Your account history reflects your financial discipline, making it easier for BDO to approve your loan application. - Exclusive Offers for OFWs
Take advantage of flexible payment terms and competitive interest rates, specially tailored for OFWs. - Eligibility for Larger Loan Amounts
A solid savings history can help you qualify for higher loan amounts, whether you’re buying a house, a condominium, or a lot. - Multiple Loan Uses
Use your BDO Home Loan to buy, renovate, or refinance a property, giving you the flexibility to address your family’s needs.
Why Choose BDO Home Loans?
BDO understands the sacrifices OFWs make to support their families. That’s why their home loan products are designed to suit your budget and lifestyle. Here’s what you can expect:
- Flexible Payment Terms
Choose a repayment plan that works for you, ensuring financial manageability. - Versatile Loan Purposes
Use your loan to buy, build, renovate, or refinance your property. - Long-Term Investment in Family Stability
Owning a home provides a stable foundation and a sense of security for your loved ones.
Financial Literacy: A Path to Success
Owning a home requires more than just a loan—it demands financial preparedness. Start with consistent saving through your Kabayan Savings Account. This helps you build an emergency fund, track your finances, and show financial responsibility.
BDO also offers financial literacy resources to guide OFWs in managing their money wisely, ensuring you’re prepared for big financial commitments.
Read: Ex-PBB Housemate Bryan Ruiz Grateful for Chance to Share Financial Knowledge at BDO Mini-Fiesta
Your Journey Starts Here
The Kabayan Savings Account is your gateway to achieving your homeownership goals. Pair it with a BDO Home Loan, and you’ll have the tools to turn your dreams into reality.
Open your account today and take the first step toward building a secure future for you and your family. Moving into your dream home is closer than you think!
