Comparison Between BPI and BDO Cash Loans Loanable Amounts
BPI AND BDO CASH LOANS – Here is a guide on the loanable amounts under the personal loan offers of BDO Unibank and the Bank of the Philippine Islands (BPI).
Are you in search for the best financial solution to your needs? Among the best options that you can turn to are the multi-purpose cash loan offers of BDO Unibank and the Bank of the Philippine Islands.
One of the main advantages of bank cash loans are the high loanable amounts. It is aside from the fact that you can use the money in several ways which may include any of the following:
- personal purchases
- car repair
- home improvement
- business expansion
- travel
- hosting an event
- payment of school fees
How much is loanable under the BPI and BDO cash loans? That is what we will tackle in this article. Here are the borrowing amounts allowed by the bank:
BPI Personal Loan
- Minimum Amount — Php 20,000
- Maximum Amount — Php 3 million
BDO Personal Loan
- Minimum Amount — Php 10,000
- Maximum Amount — Php 2 million
However, it is important to note that all loan applications are subject to the approval of the bank regardless which banking entity you will apply for a loan. With regards to the payment terms under the BPI and BDO cash loans, both loan offers allow payments in multiple of six (6) months but they differ with regards to the minimum loan term.
BPI allows a loan repayment of at least 12 months up to 36 monthly installments while under the BDO Personal Loan, the loan can be repaid in at least six (6) months up to 36 monthly installments.
Both of the personal loans offered by the Bank of the Philippine Islands and BDO Unibank are non-collateral. They do not require any property to be used as a collateral to qualify in applying for the loan offers. Aside from knowing the loanable amounts, it is also best to know the BPI cash loan and BDO Personal Loan interest rates.
