BDO Loan Grace Period – What To Do To Avail this Offer

Guide In Availing 60-Day BDO Loan Grace Period Amid COVID-19 Pandemic

BDO LOAN GRACE PERIOD – Here is a guide on what you must do to avail the 60-day loan moratorium for BDO Unibank loans.

Amid the COVID-19 pandemic, the government approved the Republic Act No. 11494 or the Bayanihan To Recover As Once Act to help the people and the different agencies of the country in the fight against the crisis.

For personal individuals, a loan moratorium is made by available by the new law. It is a 60-day grace period that clients of the different entities may avail amid the crisis.

It is no secret to the public that a lot of people lost their jobs amid the COVID-19 pandemic. Many of them are breadwinners of their families and have existing loans to pay.

One them banks that released an announcement regarding the Bayanihan 2 is the BDO Unibank. The BDO loans of qualified clients may be covered by the 60-day moratorium from September 15 to December 31.

The bank will continue to collect from accounts under the Automatic Debit Arrangement (ADA) and the Post Dated Checks (PDC) thus clients must notify the bank in the pursuit to avail the BDO loan grace period.

Clients may reach out to the bank regarding the BDO loan grace perod through a private message. If you want to avail the 60-day loan moratorium, here’s what to do:

• For Home, Auto, SME and Personal Loans:
  • Text YES PN XXXXXXXXXXXX to 225678.

According to BDO Unibank, clients must notify the bank five (5) working days before the due date of the loan. It is a one-time deferment of the payment wherein “no late payment, penalty interest, fees” will be imposed within the 60-day coverage.

After the grace period, the clients may check on the principal balance and the accrued interest for the 60-day period. The payment can be made in staggered basis until December 31, 2020.

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.

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