Here’s the BDO Auto Loan Calculator 2023 for Aspiring Borrowers
BDO AUTO LOAN CALCULATOR 2023 – Here is an online calculator that can help you find the BDO loan package that best suits your budget.
Nowadays, a lot of individuals are pondering on possibility of applying for a loan to get their dream car. Undeniably, even the individuals who have enough savings in their bank accounts, prefer to do a car purchase under a loan offer. One of the banks with the said type of offer is BDO Unibank.
BDO Unibank has several branches acrpss the nation that delivers its services to the public. It offers savings and checking accounts, loans, credit cards, and several other financial services. It is one of the trusted and most popular banks in the country.
One of the offers of the bank is the BDO Auto Loan 2023. You may apply for it to finance any of the following car-related purposes:
- Purchase of Brand-New Cars including Electric and Hybrid Electric models
- Reimbursement of Brand-New Car Purchase
- Vehicle must not be more than one (1) month old from delivery date of dealer to the owner and with a mileage of less than 2,500 kilometers
- Purchase of Pre-owned Cars
- Year model must not exceed six (6) years upon loan maturity
With regards to the loanable amounts under the BDO Auto Loan 2023 offer, it may be on a case-to-case basis but the bank has provided the minimum amount. If you want to get the best package that suits your budget, you may check out thye BDO Auto Loan Calculator provided by the bank.
Through the online calculator for BDO Auto Loan 2023 offer, you can compute your target loan based on the vehicle type, the loan term, the vehicle price, your monthly income, and the desired monthly payment.
If you want to check if you are qualified to apply for the loan offer, here are the eligibility criteria based on the employment status of the loan applicant as set by BDO:
Locally-Employed Applicants
- at least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- Minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- at least 2 years with current company
Self-Employed Applicants
- at least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- Minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- at least 2 consecutive profitable years of operation
OFWs
- at least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- Minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- 2-3 years consecutive employment. Assignment of Beneficiary as Loan Administrator if not in the Philippines at the time of application
If you wish to apply for the loan offer, there are requirements for BDO Auto Loan that you must prepare and submit to the bank. The loan application processing may take a few working days to a few weeks.