Loans

BDO Asenso Kabayan Personal Loan Secured

• Product Description
  CLG Personal Loan for OFW is offered against hold-out on Joint or Individual account deposits maintained with BDO as security.

  The following are the type of deposits allowed for this facility

  Peso or Dollar Savings Account

  Peso or Dollar Time Deposit - at least co-terminus with the loan tenor

  Minimum deposit requirement is PHP 15,000 or its dollar equivalent. Though, loan proceeds will be in PHP.

  Applicant shall be the OFW only. However, if the deposit collateral is a joint accout, beneficiary may apply as a principal borrower of the loan

  The following cannot be allowed to be held as collateral:

  "In Trust For" accounts

  Accounts with existing/ongoing hold-out arrangements

• Product Features

  Multipurpose - use it for various purposes such as:

  Tuition/ Education

  Health and Wellness

  Emergencies (medical, memorial, etc.)

  Appliances/Furniture/Electronic Gadgets

  Vacation/Travel

  Special Events (weddings, anniversaries, etc.)

  Balance Transfer/Debt Consolidation

  Personal Investments (business, insurance, etc.)

  Car Repairs/Upgrades

  House Renovation/Upgrades

  Lot Down Payments

  Interest Rates Prevailing upon application

  Fixed Monthly Payments - pay the same amount every month with any of the following flexible payment terms:

  6 months

  12 months

  18 months

  24 months

  36 months

  Loan proceeds can be released either by Credit to BDO account or Manager's Check

  Term of deposit should be at least co-terminus or longer than the term of the loan

  Re-availment Feature or TOP-UP Loan

  Existing personal loans with good credit standing may qualify for re-availment/top up loan.

  The available deposit account on hold is to be used as a basis for the additional loan limits to be granted.

  Loan Amount

  For Peso Account maximum of 90% of the deposit account balance

  For Dollar Account maximum of 80% of the deposit account balance; the prevailing buying rate shall be used to determine the peso equivalent

For our Kabayans working abroad, please use the Asenso Kabayan application forms by clicking on the following links "For Personal Loans Secured":

1. Application Form

2. Deed of Assignment Form

3. Special Power of Attorney Form

4. Auto-Debit Arrangement Form

5. Beneficiary Information Form