|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|
|Approval duration||Up to 48 hours|
|One time set-up||Penalties|
You can borrow as much as Php 3,000,000.00 in one application provided that your income level can pay for the loaned amount appropriately.
Applicant must be between the age 21 to 60 above to qualify.
Applicant must be a Filipino citizen or permanent resident employed in a private sector organization, or self-employed with a minimum gross salary of PHP 20,000 per month.
Again, it really depends on the bank. Since interest rates are not monitored closely by the Bangko Sentral ng Pilipinas, interest rates for your loan can go leaps and bounds. Best is to check each bank from our comparison table and see how much interest you will pay overtime depending on how many months you choose to pay your loan, use our Personal Loan Calculator to make this task easier.
Calculate the cost of taking up this loan using our calculator.
Besides the filled – out application form. The common ones are documents that state your income, identification and employment if you are employed and documents’ stating your business is legally registered, if you are self – employed.
Thereafter, BDO will require 48 hours before approval or disbursement. You are required to furnish the following documents for your loan application:
Unfortunately, banks encourage you to pay your outstanding debt even before applying for a personal loan.
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