Guide on BDO Multi-Purpose Loan 2025 Features & Application
BDO MULTI-PURPOSE LOAN 2025 – You can achieve your other goals in life by gaining an access to funds through the value of your residential property without selling it.
Undeniably, two (2) of the biggest purchases that many people want to make is the getting a car and a house and lot. However, truth be told that these are not the only life goals that most of us have and these big purchases can keep us financially stuck. Meanwhile, unless you don’t know, they can actually help in achieving your other targets.
Nowadays, there are banks that are ready to provide qualified individuals with an access to funds depending on the value of their residential property. One of the entities with the said loan offer is the BDO Unibank.
BDO Unibank is one of the biggest banks in the Philippines. Serving the Filipino people for decades now, it has earned the trust of countless people with its excellent offers. It got a wide variety of bank accounts, credit cards, loans, and many others.
One of the loan offers of the bank is the BDO Multi-Purpose Loan. It was designed to provide a financial access to individuals through the value of their residential property. It accepts the following real-estate properties under the loan offer:
- House and Lot
- Townhouse
- Condominium
- Vacant Lot
- Mixed-use property (residential/commercial)
BDO Unibank boasts its Multi-Purpose Loan offer with high loanable amounts, low interest rates, flexible loan facilities, and many more. You may apply for the loan offer to fund major projects like the purchase of another property, the upgrade of an existing property, supporting working capital needs, fund business expansion, etc.
Under the offer, you can choose for a Term Loan or a Term Loan and a Ready Check credit line. You can check the loanable amount under the BDO Multi-Purpose Loan offer ahead of your loan application.
Under a Term Loan, the loan is payable for up to 10 years while the Ready Check credit line offers a one (1) year validity with an option to renew. You may also check the BDO Multi-Purpose Loan interest rate ahead of time for a guide on the best amount to borrow based on your financial capacity.
The loan offer is open not only for locally-employed and self-employed individuals but as well as overseas Filipino workers, partnerships, and corporations. However, it is important to know that there are varying requirements for application set by BDO: