Comparison Between BPI Cash Loan Vs. BDO Personal Loan
BPI CASH LOAN VS. BDO PERSONAL LOAN – Here is a comparison between the cash loan offers of two (2) of the biggest banks in the Philippines.
In the Philippines, there are several banks that the people can turn to for multi-purpose cash loans. Many individuals prefer bank loans because of their fixed details and the presence of a contract after the loan take-out.
Two (2) of the banking giants in the country are the BDO Unibank and the Bank of the Philippine Islands or more popularly called BPI. Both banks have several branches across the nation and they even have branches in other countries.
The Bank of the Philippine Islands is one of the longest-operating banks in the country. It was founded in 1851, the first bank in the country as well as in the Southeast Asian region. It is a universal bank with several subsidiaries.
As of this writing, the bank at least 1,173 branches across the nation. Through the years, it managed to grow its offers which now includes different types of bank accounts, credit cards, loans, investment products, and insurance policies among others.
The BDO Unibank is also operational in the Philippines for decades already. It was established in 1968 as a thrift bank, the Acme Savings Bank, which started with two (2) branches in Metro Manila. In 1976, the Acme was acquired by the SM Group which is owned by billionaire Henry Sy.
To date, BDO has more than 1,700 branches across the nation. It has several offers encompassing both personal and business categories including different kinds of bank accounts, loans, credit cards, investment products, and insurance policies as well.
Both BPI and BDO have multi-purpose cash loan offers and they have different sets of features for the borrowers. Before deciding to pick one, it would be best to see a comparison between the two (2) offers with regards to the following:
- Eligibility Requirements
- Loanable Amounts
- Interest Rates
- Documentary Requirements
- Application Process
Let us start with checking the eligibility requirements or the qualifications set under both the BPI cash loan and the BDO Personal Loan offer.
