BDO PERSONAL LOAN: How To Apply For Personal Loan To Banco de Oro

Guide on How to Apply for BDO Personal Loan to Banco de Oro

BDO PERSONAL LOAN – Here is a simple guide on how to apply for a personal loan to Banco de Oro.

Nowadays, many people are considering bank loans since it is one of the fastest ways to get some funds for certain personal purposes. Several banks in the Philippines also offer few requirements for those who wish to apply.

One of the banks that offer different kinds of loan to the public is the Banco de Oro or more commonly known as the BDO. It offers Personal Loan, Auto Loan, Home Loan, and SME Loan.

Among the aforementioned loans, undeniably, the flexible loan in terms of purpose is the BDO Personal Loan. Are you planning to apply for a personal loan to Banco de Oro?

The BDO Personal Loan is open for the purposes of coping up with a medical emergency or paying for a utility bill. It is also open for funding a home renovation, a special event, or a vacation and as well as for the payment of an appliance purchase or school tuition.

The interest rates…

With regards to the interest rates implemented under this loan offer, here is a list of the factor rate, monthly add-on rate, and effective rate per annum based on the loan tenor:

6 Months

• Factor Rate: 0.179667192%
  Monthly Add-on Rate: 1.30%
  Effective Rate/Annum: 26.27%

12 Months

• Factor Rate: 0.095836960%
  Monthly Add-on Rate: 1.25%
  Effective Rate/Annum: 26.63%

18 Months

• Factor Rate: 0.068058532
  Monthly Add-on Rate: 1.25%
  Effective Rate/Annum: 26.76%

24 Months

• Factor Rate: 0.054167533
  Monthly Add-on Rate: 1.25%
  Effective Rate/Annum: 26.58%

36 Months

• Factor Rate: 0.040279967
  Monthly Add-on Rate: 1.25%
  Effective Rate/Annum: 25.98%

Guide on How to Apply for BDO Personal Loan to Banco de Oro

Step 1 – Visit the official website of Banco de Oro and download the application form – https://www.bdo.com.ph.

Step 2 – Provide the information needed in the application form and prepare the requirements.
For the list of requirements, visit – Requirements for Banco de Oro Personal Loan.

Step 3 – Go to any BDO branch and submit your duly-accomplished application form and the requirements.

Step 4 – You may undergo an interview with an officer of the BDO and some credit investigation. You will be assisted by the officer in the processing of your loan.

Step 5 – For successful loan applications, your borrowed amount may be sent to your BDO account.

How much is loanable under this personal loan offer?

• Minimum Loanable Amount – Php 10,000.000
• Maximum Loanable Amount – Php 1,000,000.00

As stated by Cashmart, the maximum loanable amount under this loan offer is P1-million. The amount approved for a loan depends on the capacity of the borrower based on the documents submitted for the evaluation.

To begin your application, you may visit the official website of BDO and download the loan application form – https://www.bdo.com.ph.

Thank you for visiting our website. We hope we have helped you with regards to your application for a personal loan to Banco de Oro. You may keep coming back for more informative guides.

READ ALSO:

• BDO CREDIT CARDS – List of Credit Card Offers of BDO Unibank
• BDO LOAN OFFERS: List of BDO Loans & Application Requirements
• BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers