| Sample Computation
See sample computation for a for P50,000 personal
loan payable in 12 equal monthly installments:
|
Desired
Amount
P50,000.00
|
X |
Factor Rate
(of chosen tenor)
0.092133
|
= |
FixedMonthly
Amortization
P4,606.65
|
• The computation
above will serve as your guide.
BDO, at its 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 |
|
6 |
0.179667 |
1.30% |
26.27%
|
12 |
0.092133 |
0.88% |
18.95%
|
18 |
0.066556 |
1.10% |
23.70%
|
24 |
0.051467 |
0.98% |
21.16%
|
36 |
0.038778 |
1.10% |
23.13%
|
Program Mechanics
1. All BDO Personal Loan
applications received from August 1, 2008 to September 30,
2008 and subsequently
approved for 12-month tenors and availed of on or before October
31, 2008 will qualify
for the 0.88% monthly add-on rate.
2. The 0.88% monthly add-on
rate will cover the entire tenor of all qualified accounts
with
12-month tenors.
For 24-month tenors, the monthly add-on rate will be 0.98%
and will cover the entire
tenor of the loan that qualifies for 24-month terms.
3. All applications will
be subject to the credit policies, processing guidelines,
and the Terms and Conditions
of the Personal Loan Program of BDO Unibank, Inc.
4. Employees of BDO Unibank,
Inc., its affiliates, and relatives up to the second degree
of affinity
or consanguinity
are not qualified.
5. In case of dispute,
the decision of Banco de Oro, with the concurrence of the
Department of
Trade and Industry,
shall be deemed as final. |
