BDO Business Loan Fees You Must Be Prepared Of

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Guide on BDO Business Loan Fees Client May Be Charged Of in Applying

BDO BUSINESS LOAN FEES – Here is a guide on the charges that you must prepared of in applying for a business loan to BDO Unibank.

Nowadays, there are options should you wish to expand your business but your savings is not enough. Truths be told that most businesses really need a huge amount of cash to sustain its operation before the so-called Return of Investments or ROI.

A business can be a great way to grow your money if you have studied carefully the business you have chosen. Are you in need of some extra cash to expand it?

You may turn to banks that offer business loans. One of them is the BDO Unibank, a prominent private banking firm in the Philippines which has a lot of branches.

BDO Business Loan Fees

BDO Unibank got several loan offers that may aid long-term investments or provide you with a credit line. Which of the two do you need? For the former, you may see the term loan and the SME Ready Check or credit line for the latter.

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There are qualifications in applying for the business loans offered by BDO Unibank. To be eligible to apply, the applicant must be:

  • in a business that is profitable for at least two years already upon the the application
  • having a minimum annual gross sales of at least P1 million
  • having a business that is within the service region of BDO Unibank

In applying for any business loan offered by the bank, you must be prepared of the BDO Business Loan fees. There are those with identifiable amounts while others will depend on your application.

BDO Business Loan Fees

  • Handling Fee – Php 5,000.00
  • Notarization Fee – Php 600.00
  • Documentary Stamp – P 1.50 for every P200.00 of the approved amount
  • Credit Life Insurance
    • P4.75 for every Php 1,000.00 of the loan amount if the standard rate for borrowers is up to 49 years old
    • P6.00 f.or every Php 1,000.00 of the loan amount if the standard rate for borrowers ages 50 to 64 years old
  • Fire Insurance Premium
  • Contractors All Risk Insurance (CAR)
  • Processing Fee

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 BUSINESS LOAN – Minimum & Maximum Loanable Amounts & Terms

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