Guide on BDO SME Term Loan – How Much You May Borrow
BDO SME TERM LOAN – Here is a guide on the minimum and maximum loanable amounts under the SME Term Loan offer of BDO Unibank.
Some banks in the Philippines have almost all the kinds of loan offers. One of them is BDO Unibank which does not only have personal loans but as well as business loans. In fact, it has multiple business loan offers.
BDO has the SME Loan which provides two (2) loan offers for small and medium enterprises. One of the offers is the Term Loan offer which may assist the following purposes:
- purchase new equipment to address production increase
- acquisition or construction of new warehouse or office space
Key Features:
- borrow lump sum and spread out payments to make the monthly amortization more manageable
- Maximize value of your collateral up to 70%
- Pay equal monthly amortization for a fixed loan term
Under the BDO SME Term Loan, you may repay the loan for at least a year and a maximum of 10 years. Here are the minimum and maximum loanable amounts:
- Minimum Loanable Amount: Php 1,000,000.00
- Maximum Loanable Amount: Php 20,000,000.00
Like in other loans, the bank has set qualifications in applying for it. To check if you are qualified, feel free to visit – BDO SME Term Loan – Who Are Qualified To Apply For It.
This is a collateral offer. You may use any of the following as the collateral in applying for this business loan:
• House and Lot
• Townhouse
• Condominium
• Vacant Lot
• Commercial Property
• Industrial Property
• Mixed-used property (residential and commercial)
Thank you for visiting our website. We hope we have helped you with regards to this BDO loan offer. You may keep coming back for more informative guides.
READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers