BDO Cash Loan Interest Rates 2024 Based on Term — A Guide for Clients

Details about the BDO Cash Loan Interest Rates 2024 Depending on Loan Term Chosen

BDO CASH LOAN INTEREST RATES 2024 – Here is a guide for clients on the interest that a BDO Personal Loan may incur based on loan term.

One of the most important things to do before applying for a loan is to assess its interest rate. Undeniably, this is also the step that many borrowers fail to check until they are in the midst of the loan repayment as a lot of people settle with just knowing how much must be paid monthly.

BDO Unibank
Photo Credit: BusinessWorld Online

In the Philippines, one of the biggest banks that people may turn to for loans is BDO Unibank. It has been one of the leading firms in the field and has millions of clients across the nation — and many others abroad. It has several offers for overseas Filipino workers thus many OFWs utilize a BDO account.

BDO Cash Loan Interest Rates 2024
Photo Credit: Arete Hoops

BDO Unibank has several loan offers. Aside from its BDO Housing Loan, it has a Personal Loan which is a multi-purpose cash loan offer for locally-employed and self-employed individuals. It is the counterpart of the Kabayan Loan for OFWs.

Under the said BDO loan offer, there are some qualifications that the client must meet to be eligible to apply for the loan offer. Here are the qualifications set by the bank:

  • 21 years old at time of application but not more than 60 years old upon loan maturity
  • Filipino citizen or a foreigner who is a resident of the Philippines
  • minimum Gross Fixed Monthly Income Requirement:
    • ₱15,000 for Salaried Employees
    • ₱35,000 for Self-Employed / Professionals
  • locally-employed or self-employed with business operating at least two (2) years
  • one (1) landline number in either residence or place of work, or mobile number (postpaid or prepaid)
  • residence or office address must be within any area where a BDO branch is located

With regards to how much you may borrow under the BDO Personal Cash Loan, it varies but the bank has generously cited the maximum borrowing amount it allows under the offer. With regards to the BDO cash loan interest rates, it depends on the chosen loan term:

Tenor​Factor Rate​​Monthly Add-on Rate​​Effective Rate/Annum

The BDO cash loan interest rates apply until the loan is fully-paid. There are documentary requirements for BDO Cash Loan application.

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