Guide on BDO Loan Accrued Interest Payment – Staggered or Full?
BDO LOAN ACCRUED INTEREST – Here is a guide on whether or not you may pay for the accrued interest to BDO Unibank on staggered basis.
A lot of people are financially struggling now due to the COVID-19 crisis. The impact of the pandemic caused businesses to close and employees to lose their jobs amid the crisis.
For several months, a lot of businesses incurred only expenses with no income. Many firms cannot withstand the unfortunate happenings and had to close.
To help the people in coping with the pandemic most especially those who lost their jobs, the Bayanihan to Recover As One Act which includes moratorium was passed and approved. It is otherwise known as Bayanihan 2.
BDO Unibank is one of those that were quick to affirm its compliance to the Bayanihan 2. Qualified clients may avail the BDO loan moratorium of 60 days.
Do you want to know who are qualified to avail the said offer amid the crisis? You may visit – BDO Loans Covered By 60-Day Grace Period Under Bayanihan 2.
However, clients who wanted to avail the said loan offer must be aware that there will be an accrued interest. It is the “interest that is due on the outstanding principal obligation but has not yet been paid by the borrower since the last loan payment”.
With regards to the BDO loan accrued interest, the bank stated that it may be paid in full or on staggered basis. It is applicable after the 60-day loan grace period.
If you wish to pay for the BDO loan accrued interest on staggered, payments can be made until December 31, 2020. Do you want to know how to avail the loan grace period? You may visit – BDO Loan Grace Period – What To Do To Avail this Offer.
Thank you for visiting our website. We hope we have helped you with regards to applying for this BDO offer. You may keep coming back for more informative guides.
READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers