Guide in Availing the BDO Loan Grace Period Under Bayanihan 2
BDO LOAN GRACE PERIOD – Here is a guide on whether or not you may still avail the Bayanihan 2 if you availed the Bayanihan 1.
Philippines is one of the countries greatly affected by the COVID-19 pandemic. It has recorded over 360,000 cases of the new coronavirus disease as of this writing and community quarantine measures are still up in the entire country to curb the spread of the disease.
Sadly, amid the positive intention of the community quarantine measures, many businesses were not able to thrive with the demands of the pandemic. A lot of businesses only incurred expenses for several months.
Due to having only expenses with no income, many business owners decided to close their companies or firms. This resulted to a lot of people losing their jobs.
The national government recognized that many of the people who are financially struggling now most especially those who have lost their jobs have loans to pay.
To help the people cope with the demands of the pandemic, the Republic Act No. 11494 was passed and approved. It is otherwise known as the Bayanihan To Recover as One Act or Bayanihan 2.
Under the new law, loans and credit card bills may be qualified for a 60-day grace period. The new BDO loan grace period offer in compliance with Bayanihan 2 cover due dates that fall between September 15 to December 31.
According to BDO Unibank, a client may still avail the BDO loan grace period offer in compliance with Bayanihan 2 even if the client has also availed the moratorium under Bayanihan 1.
You may visit – BDO Loan Grace Period – What To Do To Avail this Offer.
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Yes we avail that bayanihan 1 from BDO that add more to our accounts
INSTEAD our monthly payments only 30,500. It booms to 35k plus .in that case there seem no consideration happen due to the additional amount added.hiw could the client pay on this kind of bayanihan? If that would be the rules? Adding another amount to the loan of the client?it makes them harder to pay for it?