Guide on BDO Personal Cash Loan 2023 Application Process
BDO PERSONAL CASH LOAN 2023 – Here is a guide in applying for the multi-purpose cash loan offer of BDO Unibank and the requirements.
Are you looking for a financial solution? One of the entities that you may turn to is BDO Unibank. It is one of the biggest and most trusted banking firms in the country and it has multiple offers.
Aside from the checking and savings accounts and credit cards, BDO also offers loans. One of them is the BDO Personal Cash Loan which is a multi-purpose financial solution that does not require a collateral for application. No guarantor is needed as well.
The amount that you may borrow under the BDO Personal Loan 2023 offer is dependent on the approval of the bank. Meanwhile, the bank has posted the range of minimum and maximum loanable amounts. The bank assess the capacity of the borrower to repay the loan based on the income documents submitted.
The loan is payable for up to 36 months and the interest under the BDO Personal Loan offer is dependent on the borrower’s chosen loan term. There is an easy process in applying for the BDO Personal Cash Loan 2023 offer.
Step 1 — Check the BDO Personal Loan Qualifications for Application
BDO Unibank has set different eligibility criteria among the employed and self-employed loan applicants. For employed applicants, you must meet the following criteria to qualify for the loan offer:
- at least 21 years old at the time of application
- 60 years old and below upon the loan maturity
- a Filipino citizen or a foreigner who is a resident of the Philippines
- earning a minimum gross fixed monthly income of P15,000
- a regular employee
- has one (1) landline number in the place of residence or work / mobile number
- residence or office address is within the service area of BDO Unibank
There is undeniably a bigger eligibility criteria for self-employed individuals in terms of the monthly income. Here are the qualifications:
- at least 21 years old at the time of application
- 60 years old and below upon the loan maturity
- a Filipino citizen or a foreigner who is a resident of the Philippines
- earning a minimum gross fixed monthly income of P35,000
- running a business that is operational for at least two (2) years already at the time of the loan application
- has one (1) landline number in the place of residence or work / mobile number
- residence or office address is within the service area of BDO Unibank
Step 2 — Prepare the Documentary Requirements
You must prepare the requirements for BDO Personal Loan 2023 application in original copies and photo copies depending on what is required by the bank.
Step 3 — File your Loan Application
Go to a branch of the BDO Unibank nearest to you and submit your loan application. Wait for a call from the bank for the interview.