Guide on BDO Cash Loan Interest Rates & Fees
BDO CASH LOAN INTEREST RATES – Here are the interest rates and fees set by BDO Unibank under the Personal Loan offer.
What many people undeniably take for granted in applying for a loan is the checking of the interest rates and the fees under the loan about to be grabbed. Unfortunately, the interest rate and the fees are among the factors that can affect the person’s capacity to maintain an updated account.
Are you decided to apply for the BDO Personal Loan offer? The said cash loan is payable for up to 36 monthly installments and the BDO cash loan interest rate depends on your chosen loan term.
It is best to know the monthly add-on rate. Here are the BDO cash loan interest rates that clients must be aware of:
| Tenor | Factor Rate | Monthly Add-on Rate | Effective Rate/Annum |
|---|---|---|---|
| 6 | 0.179667192 | 1.30% | 26.27% |
| 12 | 0.095836960 | 1.25% | 26.63% |
| 18 | 0.068058532 | 1.25% | 26.76% |
| 24 | 0.054167533 | 1.25% | 26.58% |
| 36 | 0.040279967 | 1.25% | 25.98% |
The interest rate applies until the end of the loan term. It is important to pay your monthly amortization on time to prevent late payment charges that can further increase the loan amount.
There are also fees and charges that were set by BDO Unibank under the Personal Loan offer. Here are the fees that clients must be aware of:
- Processing Fee – ₱1,300 (Deducted from the loan proceeds)
- Documentary Stamp Tax Fee – ₱1.50 for every ₱200 approved loan amount or fraction thereof, whichever is higher. Applicable for approved loan amount greater than ₱250,000 or for business purpose (regardless of the amount).
- Penalty Fee – 5% per month of the unpaid amount due
- Late Payment Fee – 5% per month of the unpaid principal
- Installment Processing Fee – 5% of the outstanding principal balance, or ₱300, whichever is higher. For processing of full payment of outstanding balance before end of payment term.
- Certification Request Fee – ₱100 per request
