Guide on BDO Loans 2023 & The Features of Each Offer
BDO LOANS 2023 – You can check the list below for the loan offers that you may apply for to BDO Unibank and the features of each.
One of the trusted banks in the Philippines is BDO Unibank. It is also one of the giants in the banking fields and its offers encompass not only bank accounts and credit cards but as well as several type of loan offers.
Are you planning to apply for a loan? You might want to consider the BDO loans that you can find below and visit their individual features. They were crafted to serve different purposes and now might be the time for you to find the perfect solution for your financial needs.
BDO Personal Loan
BDO Unibank has a multi-purpose cash loan offer that can help clients address their short-term financial needs. The BDO Personal Cash Loan offer is open for anyone who meets the following eligibility criteria:
- 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
BDO OFW Cash Loan
Also one of the BDO loans is the cash loan offer for the overseas Filipino workers (OFWs) which is called the Kabayan Loan. Here are the eligibility requirements set under the BDO Cash Loan for OFWs:
- 25 years old and above at the time of application
- 65 years old and below at the time of loan maturity
- Filipino citizen or former Filipinos with or without dual citizenship
- has at least two (2) years continuous employment contract
- at least one (1) landline in either local or foreign residence or employment location, and beneficiary must have a landline
- earning at least ₱20,000 or its US$ equivalent as gross monthly income
BDO Auto Loan
Are you planning to get a car? Whether it is brand new or pre-owned, you can possibly have its purchase financed under the BDO Auto Loan offer. Here are the eligibility requirements under the loan offer:
- at least 21 years old but not exceeding 70 years old at the end of the loan term
- Filipino citizen or foreign nationals
- minimum gross family income of ₱50,000/month or its equivalent in US Dollars
- at least 2 years with current company
BDO Housing Loan
Also one of the BDO loans is the BDO Home Loan that is open to finance the purchase of a residential property, house construction, home renovation, and using the residential property for a multi-purpose loan.
- at least 21 years old at the time of the loan application but not more than 70 years old upon the loan maturity
- a Filipino citizen or a qualified foreign national
- earning a minimum monthly gross family income of P50,000 per month
- has a stable source of income
- If locally employed, the loan applicant must be employed for at least two (2) years with the current company/employer
- If self-employed, the loan applicant must be running a business that is profitable for at least two (2) consecutive years already
- If employed abroad, the loan applicant must be on a 2-3 consecutive employment
BDO Term Loan
BDO Unibank also has business loan offers. One of them is the BDO Term Loan that was crafted to finance a purchase of new assets such as machines and equipment, the acquisition of real estate properties, and the construction, repair and renovation of business facilities.
BDO Ready Check Loan
If you are looking for a credit line, you may turn to the BDO Ready Check Loan offer of the bank. It was crafted to help widen the resources of businesses mainly for the following purposes:
- Buying inventory or supplies to address seasonal or bulk orders
- Working capital to address operational requirements
- Paying suppliers while waiting for customer collection
