Guide on Features of BDO Car Loan 2025 Offers & Its Application
BDO CAR LOAN 2025 – Are you excited to drive your own car soon? BDO Unibank has an excellent loan offer that can help you achieve your goal.
There is a huge advantage in having your own car. Truth be told that it is not about being “cool” but the convenience it can bring to you. It would be easier to get to your destination and you have a bigger control on evading traffic.
Having at least one (1) vehicle at home is also an emergency preparation. When an emergency happens in the wee hours of the day, you can instantly leave to get to the hospital or somewhere else. Thus, putting your money in one is something you should not be guilty of.
What about if your savings do not fit a car purchase? There are always entities that you can turn to. If you want a reputable car loan provider, one of the trusted entities that you may turn to is the BDO Unibank.
The BDO Unibank is one of the biggest and most trusted banks in the Philippines not only for several years now but for decades now. In fact, a huge part of the Filipino population usually access the services provided by the banking giant.
BDO Unibank does not only provide credit cards and bank accounts but as well as loans. The BDO Auto Loan or also called the BDO Car Loan is one of the loan offers of the banking giant. It can finance any of the following:
- purchase of Brand-New Cars including Electric and Hybrid Electric models
- reimbursement of Brand-New Cars
- purchase of Pre-owned Cars
BDO Unibank boasts its loan offer with low interest rates, affordable cash-out options, and fast loan application processing. The loan is up not only for locally-employed and self-employed Filipinos but as well as overseas Filipino workers (OFWs).
For affordable cash-out, you can choose among the low downpayment, all-in financing, and multi-year motor insurance coverage offers. The loan is payable for up to five (5) years depending on the type of vehicle purchased under the offer as well as whether it is utilized for personal use or business use.
The minimum loanable amount under the BDO Car Loan offer has been set. You just have to be aware of the following fees:
- Chattel Mortgage Fees (CMF) or the loan fees inclusive of documentary stamp tax, processing and notarial fees.
- Comprehensive Motor Insurance Premium which is computed based on vehicle type and purchase price
- Compulsory Third Party Liability (TPL) Insurance which is approximately P700 annually
Aside from the above-mentioned fees, it is important to know the BDO Car Loan downpayment set under the offer to know how much you need to prepare.