Guide on BDO Personal Cash Loan 2024 Loanable Amount
BDO PERSONAL CASH LOAN 2024 – Here is a guide on the loanable amount under the Personal Loan offer of BDO Unibank.
Are you looking for a multi-purpose cash loan? In the Philippines, one of the banks that you may turn to for the said offer is the BDO Unibank. It is one of the giant banking companies in the country and has multiple offers.
BDO has several types of savings and checking accounts, credit cards, loans, and several other financial services. For decades now, millions of Filipinos are consistent clients of the bank. Aside from the BDO Housing Loan, the bank also has the Personal Loan offer.
The BDO Personal Cash Loan is a multi-purpose loan offer that you may apply for to make a minor home improvement, for the car repair, to travel, to expand your business, etc. It is for locally-employed and self-employed individuals since the bank has a separate offer for overseas Filipino workers (OFWs).
Here are the qualifications set by BDO under its cash loan offer?
- 21 years old at time of application but not more than 60 years old upon loan maturity
- Filipino citizen or a foreigner who is a resident of the Philippines
- minimum Gross Fixed Monthly Income Requirement:
- ₱15,000 for Salaried Employees
- ₱35,000 for Self-Employed / Professionals
- locally-employed or self-employed with business operating at least two (2) years
- one (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
- residence or office address must be within any area where a BDO branch is located
With regards to the loanable amount under the BDO Personal Cash Loan offer, it may vary depending on certain factors including the capacity of the borrower and the actual need. Meanwhile, the bank has posted the maximum borrowing amount allowed under the offer:
Maximum Loanable Amount — Php 2 million
The amount borrowed under the BDO Personal Cash Loan offer is payable in 6, 12, 18, 24, or 36 months. To apply for the loan offer, you must prepare the requirements for BDO Cash Loan application which depends if you are employed or self-employed.