Guide on Whether Early Repayment Is Available Under BDO Personal Cash Loan or Not
BDO PERSONAL CASH LOAN – Here is a guide on whether early repayment is allowed under the said loan offer of BDO Unibank or not.
BDO Unibank is one of the trusted and most popular banks in the Philippines. It has several branches nationwide and got different offers that are widely sought for by the public – from deposit accounts to credit cards to trust and investment products to loans.
One of the loans offered by the bank is the personal cash loan. It is multi-purpose and can aid you in any of the following purposes among others:
- paying for the utility bills
- traveling
- purchasing a new gadget / appliance / furniture
- paying for the school fees
- hosting an event
- paying for medical bills
Do you want to know who are eligible to apply for the said loan offer? To be eligible for this loan, the applicant must be:
- a Filipino citizen or a foreigner living in the Philippines
- 21 – 70 years old but not more than 70 years old on the day that the loan will mature
- employed or self-employed with a stable source of income
- living or working in an area that is within the service regions of the bank
With regards to the loanable amount under the said BDO loan offer, you may borrow at least Php 10,000.00. The loan can be repaid in 6, 12, 18, 24, or 36 monthly installments with fixed amount every month.
How about early repayment for the loan, is it allowed? Based on an article on eCompare Mo, early repayment is allowed under BDO Personal Cash Loan. The client has to make an arrangement with the bank.
How about if you don’t have an existing account with BDO, can you apply for this loan offer? You may visit – BDO PERSONAL LOANS – Can I Apply Even w/out Having BDO Account?.
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 PERSONAL LOAN – 4 Common Reasons Behind Disapproved Application