Sometimes there is a little more month than money, and if so, a BDO Personal Loan can help you out. Anyone and everyone can fall short of meeting the spending, earning balance when surprises arise and that’s why services like BDO can be a true help.
Getting a personal loan is something that most financial advisors say is the same as getting bad debt. But sometimes life just has plans for you that you didn’t know about. It could be a new baby, a wedding or even your refrigerator going kaput in the middle of the night.
In those unexpected situations, it’s good to know that an alternative exists outside of knocking on your neighbor’s door. The BDO Personal Loan can help you get unstuck quite quickly. We’ve looked into the details of this personal loan and have provided you with them below.
Who Is BDO?
BDO is a fully serviced bank in the Philippines that offers a wide array of financial services. They offer, among their services, trade financing, credit cards, remittances, and loans.
That’s just but a simple way of describing this bank which offers some of the best banking services in the Philippines today with loans being among them.
How Much Money Can I Get?
You’re probably there sitting and thinking, just what can I expect from a BDO personal loan? On the real though, you’re probably thinking about the money mainly. With BDO, you can get a personal loan in excess of PHP 1,000,000.
The lowest you can borrow from BDO is around PHP 10,000, still pretty solid considering it is a personal loan. The loan approval process is also a fast one as you can get approval for the loan in just 10 days. The repayment process is flexible and you can make payment through cheques or auto-debit.
Am I Eligible?
First, you have to be at least 21 years old and also, you can’t be more than 70 years at the time of the maturity of your loan. You have to be in the Philippines to apply for a personal loan here.
If you’re not a Filipino, you too can get a loan with BDO as long as you’re a Philippine resident and have lived in the country for 2 or more years. You then need to be earning at least PHP 120,000 annually if you’re employed. And you must earn PHP 400,000 annually if you’re self-employed
If you’re employed, you need to have been there for at least a year. If you’re self-employed, you must be the largest shareholder or the sole proprietor of the business. For self-employed individuals, you need to be the largest shareholders for not less than two years.
How To Apply
To apply for a personal loan with BDO, you can get started online. Simply go to the BDO website and download the application form from the right-hand side of the page.
You can fill out the application form with all your details at home and then return it to your nearest branch with supporting documents. Supporting documents may include ID, pay-slips, and tax documents.
You can also give them a call to find out more about how you can apply for a personal loan.
How To Contact BDO
Telephone: Domestic Toll–free 1-800-10-6318000 and 1-800-3-6318000 (Digitel), and International Toll–Free (IAC) + 800-8-6318000. Text BDOLOANS to 225678, or check out the BDO website for more information and how to find a branch near you.
How To Get A BDO Loan Conclusion
There’s nothing embarrassing about getting a personal loan and with BDO, you get a good deal as you can borrow up to PHP 1,000,000 in personal loan. The flexibility of how you can pay the loan is also another aspect that makes this bank one of the best to consider when looking at personal loans.