Available BDO Loans

BDO is one of the most trusted companies here in the Philippines that is why many Filipinos are using this bank. We entrust our money to them and at the same time, we can also apply for a loan at this bank. There are few available BDO Loans options that you may choose. It can either be a personal loan, house loan, car loan, and etc.

If you wanted to know more about the Available BDO Loans, this might help you.

Here are some available BDO Loans:

Personal Loan

Where can I use the loan?

• Medical Emergencies
• Educational Purpose
• Home Upgrades
• Health and wellness purpose
• Travel
• Appliances / Furniture
• Special Event
• Debt Consolidation

Interest Rate:

Term Length	Factor Rate	Monthly Add-on Rate	Rate per Annum
6	0.179667192	1.30%	26.27%
12	0.095836960	1.25%	26.23%
18	0.068058532	1.25%	26.67%
24	0.054167533	1.25%	26.58%
36	0.040279967	1.25%	25.98%

Eligibility Requirements:

• 21 years old and above but will not exceed 70 years old
• Filipino Citizen
• Must have a Minimum Gross Fixed Annual Income Requirement of:
  • Php 180,000 employees
  • Php 400,000 self-employed
• Active landline or phone number
• The place of residence must be near the BDO branch
• Must have a business that is operating for at least 2 years

Document Requirements:

• 2 Valid IDs
• Income Tax Return
• For Employees
  • Payslips
• For self-employed
  • Bank statement (3 months)
  • Registration of Business Name photocopy

Home Loan

Where can I use the loan?

• Purchase of:
  • House and Lot / Townhouse Unit
  • Condominium Unit
  • Vacant Lot
• Acquisition Cost Reimbursement
• House Construction
• Home Renovation
• Refinancing

Interest Rate:

Fixing Period	Interest Rate
1 Year	6.25%
2 Years	6.25%
3 Years	6.75%
4 Years	7.25%
5 Years	7.25%

Eligibility Requirements:

• 21 years old and above but will not exceed 70 years old
• Filipino Citizen
• Must have a Minimum Gross Income Requirement of Php 50,000/month
• With a stable source of income

Document Requirements:

• Application form
• Valid ID
• Marriage Contract, if applicable
• For employed:
  • Income Tax Return Latest
  • Payslip
  • Certificate of Employment
• For self-employed:
  • Income Tax Return Latest
  • Bank statement (6 months)
  •  Certificate of Business Registration

Auto Loan

Repayment Terms for Brand New:

• Personal Use
  • 5 years
• Business Use
  • 3 years

Repayment Terms for Pre-Owned:

• Personal Use
  • 4 years
• Business Use
  • 2 years

Eligibility Requirements:

• 21 years old and above but will not exceed 70 years old
• Filipino Citizen
• Must have a Minimum Gross Income Requirement of Php 50,000/month
• With a stable source of income

Document Requirements:

• Application form
• Valid ID
• Marriage Contract, if applicable
• For employed:
  • Income Tax Return Latest
  • Payslip
  • Certificate of Employment
• For self-employed:
  • Income Tax Return Latest
  • Bank statement (6 months)
  • Certificate of Business Registration

BDO is a good bank if you really plan to apply for a loan. However, if it is not necessary to loan, then don’t because a loan is still a debt that causes you to pay fees because of interest. So if there’s another option rather than applying for a loan, you may consider it. But if there’s no choice, then go ahead. Just make sure that if you apply for a loan you will be a good payor. Pay regularly and timely to avoid other penalties.