Loans
Stretch your budget with BDO Personal Loan!
Enjoy low interest rates, easy payment terms on your financing needs such as:
- Home Renovation / Upgrades
- Tuition / Education
- Furniture
- Appliances / Electronic Gadgets
- Vacation / Travel
- Balance Transfer / Debt Consolidation
- Special Events
- Health and Wellness
- Medical Emergencies
See sample computation for a P50,000 cash loan payable in 24 equal monthly installments:
| Desired Amount |
x | Factor Rate (of chosen tenor) |
= | Fixed Monthly Amortization |
| P50,000 | 0.054166667 | P2,708.33 |
- The computation above will serve as your guide. BDO at its sole discretion, shall determine the final amount and term to be approved.
- The computed fixed monthly amortization using the factor rates indicated below may differ from the monthly amortization computed and generated by the BDO system due to the rounding-off of the factor rate, which is automated in BDO's system.
-
Interest Rate Table
Tenor Factor Rate Monthly Add-on Rate Effective Rate/Annum 6 0.179666667 1.30% 26.27% 12 0.095833333 1.25% 26.62% 18 0.068055556 1.25% 26.75% 24 0.054166667 1.25% 26.58% 35 0.040277778 1.25% 25.98% *Rates are valid beginning April 27, 2009. Interest rates may be subject to change by Banco de Oro (“BDO”) in accordance with the prevailing market rates for similar transactions and terms
-
Product Features
Flexible Loan Amounts
Minimum of P10,000Maximum of P500,000Easy Payments TermsChoice of payments in either 6, 12, 18, 24 or 36 monthsFixed Monthly PaymentsPay the same amount every monthVarious Payment OptionsConvenient ApplicationSubmit your application at any of BDO 668 BranchesTop-Up Loan FeatureSecure and additional Personal Loan equal to or greater (subject to submission of new income documents) than the original Personal LoanSubject to at least 50% paid up from the original loan term -
Minimum application Requirements
Filipino citizen or foreigner residing in the Philippines for more than two (2) yearsMust be 21 years old at time of application but no more than 70 years old upon maturityMinimum Gross Annual IncomeP120,000 for SALARIED EMPLOYEESP400,000 for SELF-EMPLOYED/PROFESSIONALSMust have at least one (1) landline at either residence or officeResidence or office must be within BDO serviceable area.Additional application requirement for SALARIED EMPLOYEESMust be a permanent employee or at least 1 year tenure with a company.Additional application requirements for SELF-EMPLOYEDMust be a sole proprietor or majority part-owner of a company operating for at least 2 years.Additional application requirements for PROFESSIONALSMust be in private practice for at least 1 year.
-
Document Requirements
Proof of Income for SALARIED EMPLOYEESPhotocopy of the latest BIR Form 2316 or W2 signed by employer’s authorized representative (MANDATORY) ANDSubmit ANY ONE of the following:Original copy of Certificate of Employment and Income (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensationPhotocopy of last full month pay slipProof of Income for SELF-EMPLOYED/ PROFESSIONALSPhotocopy of Registration of Business NameFor Single Proprietorship – issued by the DTI (Department of Trade and Industry)For Partnerships – issued by the SEC (Securities and Exchange Commission)Photocopy of latest ITR and W4 with BIR/ Bank Stamp (MANDATORY)Photocopy of lasted Audited Financial Statements for the last two (2) yearsPhotocopy of Bank Statements for the last six (6) months (OPTIONAL)Proof of IdentificationPhotocopy of at least two (2) valid photo-bearing identification documents, front and back, issued and signed by an official authority such as:PassportDriver’s LicenseProfessional Regulations Commission (PRC) IDNational Bureau of Investigation (NBI) ClearancePolice ClearancePostal IDVoters IDBarangay CertificationGovernment Service Insurance System (GSIS) e-cardSocial Security System (SSS) CardSenior Citizen CardOverseas Workers Welfare Administration (OWWA) IDOFW IDSeaman’s BookAlien Certification of Registration/Immigrant Certificate of RegistrationGovernment Office and GOCC ID, e.g. Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID).Certification from the National Council for the Welfare of Disabled Persons (NCWDP)Department of Social Welfare and Development Certification (DSWDC)Integrated BAR of the Philippines IDCompany ID’s issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC, or IC.For Resident Foreigners onlyCopy of Employment Contract or Certificate of EmploymentLetter from the Embassy (if Embassy Official)Submit photocopy of ANY ONE of the following:
-Valid Passport with Resident Visa; OR
-Work Permit and valid Visa; OR
-Special Investor's Resident Visa and Visas Philippine Economic Zone Authority or Visa with EO226; OR
-ACR or ICR or ACR1
-
Application Instructions
Secure BDO Personal Loan application form from any BDO Branch.Completely fill-out and sign on the Personal Loan application form.Submit completely filled-out and signed application form together with complete document requirements (please refer to document requirements indicated above) to any BDO Branch or Direct Sales Agent of BDO.
-
Fees and Charges
Processing Fee – P1,300Late Payment Fee – 5% of the unpaid installment due or P300, whichever is higherInstallment Acceleration Fee – 5% of the outstanding principal balance or P300, whichever is higherReturned Check Fee – P500 per returned checkCredit Card Annual Fee – WAIVEDLost Billing Reminder Card Replacement – P250 per card replacementSOA Reprinting – P100 for every SOA request
-
Apply Now!
-
Visit the nearest BDO branch nationwide.