Victor Rodolfo Corda

Topic: PERSONAL LOANS – Bank profiles URL: www.gobear.com.ph/ Keywords: BDO personal loan, BDO loan, BDO cash loan, BDO loan application Image: Not necessary for profiles Apply for a BDO personal loan | GoBear (39 characters) BDO personal loan grants one of the lowest loan amounts at ₱10,000 with a maximum of ₱1,000,000. Choose the right loan with the free GoBear tool. (143 characters) #BDO personal loan#, #OFW loan#, #loan#, #personal loan#, #cash loan#, #low personal loan#, #BDO loan#, #loan application#, #loan application form# Writer Victor Corda Date submitted June 23, 2016 H1 How to get a BDO personal loan? The BDO personal loan is just one of the four loans BDO offers. BDO is one of the largest banks in the Philippines with over 1,000 branches nationwide. Let’s find out what BDO offers for their personal loan option. H2 Where can I use my BDO personal loan? BDO offers their personal loan for needs such as tuition fees, gadgets, vacations, medical emergencies, balance transfers and a few other needs. H2 What are the benefits of a BDO loan? The BDO personal loan grants one of the lowest starting loan amounts at ₱10,000 with a maximum of ₱1,000,000. Monthly terms start at 6 months and can reach up to 36 months with a monthly add-on rate of 1.30% for the 6-month tenure and 1.25% from 12 months and up. They also offer the Asenso Kabayan program for OFWs that want to apply for a personal loan. OFWs can use this for a BDO cash loan, education, home renovation, and other purposes. Interest rates change drastically depending on whether you choose an unsecured or secured loan. For the unsecured loan, a constant 2% add-on rate will be charged every month while a secured loan will only range between 0.78% to 0.84%. H2 Am I eligible for a BDO loan? To be eligible for a BDO personal loan, you must either be a Filipino citizen or a foreigner that has resided in the Philippines for more than 2 years. You must be at least 21 years old at the time of your application but not older than 70 years old upon maturity of the loan. You must have a mobile phone and a landline phone at either your office or residence. Your office or residence should also be within reach of a BDO branch. For employees, you must have a gross annual income of at least ₱120,000 or ₱10,000 per month. You must also have already stayed with your current company for at least 1 year at the time of application. For the self-employed and professional individuals, a gross annual income of ₱400,000 or higher is required. The BDO personal loan also requires the self-employed individual to either be a sole proprietor or majority part-owner of the company operating for at least 2 years. The professionals must have been in private practice for at least 1 year. H2 What are the requirements for a BDO loan? A BDO loan application form is available at any BDO branch or by downloading the form and must be filled up and signed by the applicant. For salaried employees, a photocopy of either your latest BIR FORM 2316 or W2 signed by any authorised representative of your employer must be submitted. A copy of your payslip from last month is also required. You must also provide an original Certificate of Employment and Income issued in the last 3 months with your status, the length of service, and a breakdown of your compensation to complete your BDO personal loan. For the self-employed and professionals, you must present a photocopy of a registration of your business, either issued by the DTI or SEC. Also, a photocopy of the latest ITR and W4 with a BIR or bank stamp, and the latest audited financial statements from the last two years are also required. You must also present 2 copies of the front and back of your valid IDs with your photo, issued and signed by an official authority. The IDs may either be a government or company ID. For resident foreigners, along with the requirements already mentioned, a BDO personal loan needs a copy of either your employment contract of Certificate of Employment is required along with a letter from the Embassy if available. You must also submit a photocopy of any of the following: a valid passport with a resident visa, work permit and valid Visa, SIR Visa with Visas Philippine economic authority or Visa with Eo226, ACR, ICR, or ACR1. Are you getting a BDO personal loan for a family vacation? Compare personal loans with GoBear to get the perfect loan for you.