Guide on the BDO Personal Loans Offered Under Kabayan Program
BDO PERSONAL LOANS – Here is a guide on the personal loan offers under the BDO Unibank’s Kabayan Program.
One of the biggest banks in the Philippines is the BDO Unibank. In line with its giant status in the banking industry, it has a lot of wonderful offers for the public.
Among the private bank’s offers are the BDO Loans. There is a personal loan, a home loan, an auto loan, and a business loan offer.
With regards to the personal loan offers, there is a Kabayan Pgram which has two(2) loan offers for the overseas Filipino workers (OFWs).
Based on the official website of BDO Unibank, here is a list of the BDO personal loans under the Kabayan Program:
Kabayan Unsecured Personal Loan
- This loan offer is non-collateral meaning there is no need to present a property as a collateral to be eligible for the loan application. No asset of the borrower is at risk while paying for the loan.
Kabayan Secured Personal Loan
- This is a collateral loan. According to the bank, the Secured Personal Loan under the Kabayan Program “is offered against hold-out on joint or individual account deposits” maintained with the bank as a security. The account may be any of the following:
- Peso Current or Savings Account
- Dollar Current or Savings Account
- Peso Time Deposit
- Dollar Time Deposit
The minimum deposit required in the account is at least Php 15,000.00. “In Trust For” accounts cannot be used in applying for the said Kabayan loan offer.
Aside from the aforementioned BDO personal loans, the bank also has a multi-purpose loan offer for individuals staying or working in the Philippines. Visit – BDO PERSONAL LOAN: How To Apply For Personal Loan To Banco de Oro.
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