Check Here the BDO Multi-Purpose Loan Amount You May Get under the Offer
BDO MULTI-PURPOSE LOAN AMOUNT – Here is a guide on the borrowing amount allowed under the offer of BDO Unibank.
Nowadays, having your own residential property is not only an investment that you can turn to during dire financial needs but also a stepping stone towards achieving your other dreams in life. The value of your property can be used to find a financial access to fund your other goals.
In the Philippines, one of the most popular banks is BDO Unibank and it got prominent loan offers, too, including the BDO Car Loan offer. However, what many people don’t know is that there is a BDO Multi-Purpose Loan offer that can provide qualified individuals an access to cash.
Under the BDO Multi-Purpose Loan offer, you can push through with a property purchase, an upgrade of an existing property, the boosting of a business working capital, etc. using the value of your residential property. It is open to the following as collaterals:
- House and Lot
- Townhouse
- Condominium
- Vacant Lot
- Mixed-use property (residential/commercial)
How much is the BDO Multi-Purpose Loan amount allowed for borrowing? While the fixed amount may vary, the bank stated that a qualified client may borrow up to Php 50 million with low interest rates.
The BDO Multi-Purpose Loan amount allowed for borrowing can give you an equivalent of up to 70% of the value of the residential property. Here are the minimum and maximum loanable amounts under the Term Loan:
- Minimum Loanable Amount — Php 1 million
- Maximum Loanable Amount — Php 50 million
The loan is payable for up to 10 years. Under the Ready Check or credit line, there is a different minimum loanable amount as well as maximum loanable amount. The validity is up to one (1) year with an option to renew.
- Minimum Loanable Amount — Php 3 million
- Maximum Loanable Amount — Php 50 million
The loan offer is open for both employed and self-employed individuals as well as overseas Filipino workers (OFWs), partnerships, and corporations. Here is a guide on the documents required for application to the BDO loan offer: