Guide on BDO Loans & Credit Card Grace Period Amid COVID-19 Crisis
BDO LOANS & CREDIT CARD – Here is a guide on whether or not you may request for a grace period of over 60 days to BDO Unibank.
Philippines is one of the countries hit hard by the COVID-19 pandemic. Over 350,000 cases of coronavirus were recorded in the country as of this writing and community quarantine measures are still up in the entire nation until now.
Amid the pandemic, several businesses were not able to withstand the demands of the current situation in the country. A lot of firms closed after incurring only expenses with no income for several months.
The closure of several firms led to a lot of employees losing their jobs and employers losing their main source of income. Many people are struggling daily now on how to put food on the table.
Amid the crisis, the national government passed the Republic Act No. 11494 or more commonly known as Bayanihan 2 to help the people cope with the pandemic. The new loan includes loan moratoriums.
BDO Unibank is one of those that comply with the mandates of the new law. Qualified BDO loans and credit card bills are under a 60-day grace period now amid the pandemic.
You may visit the following depending on your account:
- BDO Loans Covered By 60-Day Grace Period Under Bayanihan 2
- BDO Credit Card Bills Under 60-Day Grace Period – Here’s the Coverage
Are you wondering whether or not you may avail for a grace period of more than 60 days for your BDO loans or credit card bills? According to the bank, it is not allowed.
The bank cited that the BDO loans and credit card bills are only under a 60-day grace period as mandated by the BARO Act. It is limited to a one-time availment as well within the 60-day grace period from September 15 to December 31, 2020.
Thank you for visiting our website. We hope we have helped you with regards to this BDO matter. You may keep coming back for more informative guides.
READ ALSO: BDO Loan Grace Period – Can I Still Avail the Bayanihan 2 If I Availed Bayanihan 1?
Hi mam/ sir i just want to ask can i vail ur lian in bdo credit card…but im here in kuwait..i have a accnt in bdo kabyan accnt but saddy i lost my accnt herr in kuwait that why i cannot seend remitance to philippines so send them by thru western…..pls help me how can i vail ur credit to i can make the recq..even im here in kuwait..tnxs
Can I apply loans. I have payroll BDO acct