|Min. financing amount||PHP 10,000|
|Max. financing amount||Up to PHP 3,000,000|
|Min. loan tenure||6 months|
|Max. loan tenure||3 years|
|Interest rate||Fixed rate of 17.07% per annum, 1.25% per month add-on, 1.30% per month for 6 month tenure|
|Approval duration||Within 7 working days|
|One time set-up||Penalties|
The applicant should be at least:
It takes 7 working days of assessment for a personal loan. BDO’s website also provides an interface for users to check their application status online. If approved, it will take another three days for loan payout. If not, a customer representative will notify you via email or a text message of loan rejection. To reapply, it would take another three - six months, so it is better to apply in other banks.
Unlike any other loan calculator, BDO personal loan calculator provided by iMoney helps you to decide which bank gives the most competitive rate in the market at the moment. Consequently, the calculator gives out essential information like how much income should a borrower leave out for monthly repayments and the corresponding BDO personal loan rates for a desired loan amount.
BDO loans are mostly done offline but it can also be applied online. Visit www.bdo.com.ph to get a copy of the application form and for detailed information related to BDO personal loans, housing loans and current promotions.
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