List of BDO Auto Loan Interest Rates Implemented by the Bank Based on Terms
BDO AUTO LOAN INTEREST RATES – Here is a list of the interest rates implemented by BDO Unibank under its car loan offer.
BDO Unibank got a lot of loans offered to the public. One of them is the car loan which is excellent for those who wanted to acquire their own car and pay for it in installment. It is open for both brand new and second-hand vehicles.
To be eligible for the said loan offer, the applicant must be:
- at least 21 years old but not more than 70 years on the loan maturity date
- a Filipino citizen or a foreigner residing in the Philippines for at least two(2) years
- earning a family income of not less than Php 50,000.00 per month
- having a stable source of income from employment or business
- For Employed Applicants – at least two(2) years in the current company
- For Self-Employed Applicants – the business must have at least two(2) years of profitable years
- For OFWs – two(2) to three(3) years of employment
Based on the official website of the bank, the BDO Auto Loan features low down payment, all-in financing, and multi-year motor insurance coverage. Borrowers have the option to maximize the loan amount for a lighter initial payment.
Do you want to apply for the said loan offer? You may visit this link for a guide including the requirements that you must prepare – BDO Car Loan: How To Apply For Auto Loan To Banco de Oro.
With regards to the BDO Auto Loan interest rates, eCompare Mo cited that it depends on the loan terms. The rates for three-year, four-year, and five-year terms were posted:
- 3 Years – 10.69%
- 4 Years – 10.78%
- 5 Years – 10.93%
Based on the article, this loan offer is open for sedan, Asian Utility Vehicles, Sports Utility Vehicles, Van, and light commercial vehicles.
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READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers
