BDO Asenso Kabayan Personal Loan Secured
Enjoy fixed monthly payment with an effective rate per annum ranging from 25.98% to 26.76% and flexible loan amount ranging betwen P10,000 to P3 Million with BDO Asenso Kabayan Personal Loan Secured. This type of personal loan is for OFWs who have joint or individual account deposits with BDO. It covers peso or dollar savings account and peso or dollar time deposit at least co-terminous with the loan tenor.
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|Product Name:||BDO Asenso Kabayan Personal Loan Secured|
|Remarks:||This Loan has to be secured by a Deposit|
|Minimum Amount of Loan:||PHP10,000.00|
|Maximum Amount of Loan:||PHP3,000,000.00|
|Minimum Loan Tenure:||6 months|
|Maximum Loan Tenure:||36 months|
|Early Repayment:||P300 or 5% p.a on any balance outstanding whichever is higher|
Eligibility and Requirements
|Age Range of Borrower:||25-65 years old|
|Minimum Annual Income:||PHP180,000.00|
|Income Requirement Remarks:|
|Employment / Work Status:||Permanent Employee for 1 year / 2 years Business Operations for Self-employed / 1 year of Practice for Professionals / Government Employee for 1 year|
|Borrower has to have Credit Card:||No|
|Need to Open Linked Bank Account:||Yes|
Application and Approval
|Approval Duration Remarks:|
Fees and Charges/Penalties
|Loan Processing and Dispersal Fees:||1200|
|Early Repayment Penalty:|
|Late Payment Penalty:||5% of the unpaid installment due or P300|
Interest Rates Offered
|Product Name:||Interest Rate||Effective Interest Rate||Interest Type|
|BDO Asenso Kabayan Loan Secured - 6 months||0.84%||Monthly Add-On Rate|
|BDO Asenso Kabayan Loan Secured - 12 months||0.79%||Monthly Add-On Rate|
|BDO Asenso Kabayan Loan Secured - 18 months||0.78%||Monthly Add-On Rate|
|BDO Asenso Kabayan Loan Secured - 24 months||0.78%||Monthly Add-On Rate|
|BDO Asenso Kabayan Loan Secured - 36 months||0.79%||Monthly Add-On Rate|
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