BDO LOANS: Loanable Amounts Under Personal Loan & Home Loan

Guide on the Loanable Amounts Under BDO Loans ‘Personal Loan’ & ‘Home Loan’

BDO LOANS – Here is a guide on the loanable amounts under the Banco de Oro (BDO) Personal Loan and Home Loan.

Among the loan offers of BDO is the BDO Personal Loan and the BDO Home Loan. Each of the two bear a unique purpose with the latter being focused on residential purposes.

The Personal Loan is the most flexible loan offer of the bank. This type of loan that offers low interest and easy terms with regards to payments can be used for any of the following purposes:

• Home Renovation / Upgrades
• Tuition / Education
• Furniture
• Appliances / Electronic Gadgets
• Vacation / Travel
• Balance Transfer / Debt Consolidation
• Special Events
• Health and Wellness
• Medical Emergencies

With regards to the BDO Home Loan, it is more focused on assisting the applicant in the purchase or renovation of a new residential property. You can apply for this loan with any of the following purpose:

• Purchase of House and Lot / Townhouse Unit
• Purchase of Condominium Unit
• Purchase of Vacant Lot
• Construction of House
• House Renovation / Home Improvement
• Reimbursement of Acquisition
• Refinancing / Loan Take-out

With regards to the loanable amounts of these two(2) BDO Loans, the Personal Loan and the Home Loan, the bank has provided the minimum loanable amount.

Based on the official website of Banco de Oro, the minimum loanable amount for the BDO Personal Loan is Php 10,000.00. It can be paid through any of the following tenors: 6,12, 18, 24, or 36 months.

When it comes to the BDO Home Loan, the minimum loanable amount for the purchase of a house and lot, a condo unit, or a townhouse is Php 500.000.00. For the purchase of a vacant lot, it is set at Php 300,000.00 minimum loanable amount.

According to BDO, the maximum loan terms for house & lot and townhouse purchase and construction is 20 years, 15 years for condo unit, and 10 years for vacant lot.

Thank you for visiting our website. We hope we have helped you with regards to your application for BDO loans. You may keep coming back for more informative guides.

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