Guide on 4 Common Reasons Behind Disapproved Application for BDO Personal Loan
BDO PERSONAL LOAN – Here is a list of the four (4) common reasons behind a disapproved application for this BDO Unibank loan offer.
Many people were able to cope up with financial emergencies due to the loans offered by BDO Unibank. Also, there are a lot of individuals who reached their personal goals through these offers.
Loans are cash assistance provided as a multi-purpose offer or for specific purposes. In case you are after the former, you may consider the personal loan offer.
With regards to the BDO Personal Loan, it can greatly assist you in medical emergencies, having your house renovated, buying a new appliance, funding a special event, etc. To be eligible, the applicant must be:
- between 21 to 70 years old
- a Filipino citizen or a foreigner residing in the country for more than two (2) years
- employed earning at least Php 120,000.00 per year; or
- self-employed with an annual income of at least Php 400,000.00
- having a mobile phone number and at least one (1) landline phone
- working or residing in an area covered by the service regions of BDO
The loanable amount under this BDO loan offer is subject to the approval of the bank. Meanwhile, for a guide on the range of how much you can borrow, you may visit – BDO LOANS: Loanable Amounts For Personal Loan.
The application process is easy and the requirements will depend on whether the applicant is employed or self-employed. You may visit – BDO PERSONAL LOAN: How To Apply For Personal Loan To Banco de Oro.
Undeniably, not all loan applications got approval from the bank. Based on an article on Cash Mart, here are the four (4) common reasons behind disapproved application for BDO Personal Loan:
- not using loan calculator
- bearing a bad credit score or credit history
- not doing enough research
- not submitting complete pre-qualifying requirements
Avoiding these things can greatly help increase the chance that your personal loan application will be approved. Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loans