Learn How To Apply For A BDO Loan

Taking out a loan during a pandemic can give you more breathing room to pay for bills and buy essential goods for survival. BDO offers various loan products for customers who need cash assistance for buying a house, car, or personal spending.

There are four major loan products offered by BDO Unibank. Financing options include auto loans, home loans, personal loans, and SME loans. The first three products are purely personal, but the SME loan is for business owners who need money for expansion.

If you are wanting to apply for a BDO loan, here’s a guide for the application process, requirements, and fees associated with the loan. Read on to find out payment terms and non-collateral options for individuals with fixed incomes.

BDO loan
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Understanding BDO Loan Products

As mentioned, there are four major loan products offered by BDO Unibank. Their Personal Loan is one of the most popular financing products.

It gives you the freedom to use the money for personal needs including home repairs, education, vacation or travel, debt consolidation, and medical expenses.

The personal loan has low-interest rates and has easy payment terms to pay back the borrowed amount. Meanwhile, the SME Loan is designed to help small businesses expand in terms of investments, inventory or supplies, and working capital.

The SME Loan requires collateral like a vacant lot, house and lot, commercial property, industrial property, or mixed-used property. If the borrower fails to make on-time payments, the bank has the right to confiscate the collateral legally.

The other loan products like auto and home loans are designed for car and homeownership. The bank provides cash assistance to buy a house and a car, with added interest depending on the loan term and borrowed amount.

BDO Loan Application

Applicants interested in any BDO loan products can visit a branch to submit an application. You need to download the application form online and fill out with personal information.

Submit the form with other supporting documents like bank accounts, tax returns, and certificates of employment.

Note that applicants need to be at least 21 years old, a Filipino citizen, employed for a minimum of two years, and have a minimum gross family income of Php50,000 per month.

Self-employed applicants must have at least two consecutive profitable years of operation.

The approval will depend on an applicant’s financial status and capacity. The maximum age for taking out a loan is 70 years old.

Loan Interest Rate And Other Fees

For the Personal Loan, the interest rate starts from 25.98% to 26.76%. Meanwhile, Home Loan and SME Loan interest starts at 6.50% to 8.0%. Auto loans have different interest rates, depending on the loan amount, term, and desired monthly payment.

BDO Contact Information

You can reach BDO Unibank at (+632) 8631-8000 for Metro Manila and +800 8631-8000 for international toll-free calls. For other banking concerns, you can email BDO at callcenter@bdo.com.ph.

The bank’s corporate address is located at 7899 Makati Avenue, Makati City, Philippines.

BDO loan
Image source: BDO Unibank / Facebook.com


If you need cash assistance for personal and business needs, you can apply for the BDO Loan products. Choose from four major loan products and apply within the branch to know your financing and payment options.

For more information, visit the website of BDO Unibank today. 

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.