As the year 2025 unfolds, the midpoint of a transformative decade, it is critical for businesses to analyze emerging trends driving innovation, risks, and opportunities - because with new opportunities emerging since late 2024, starting the year with expansion plans is promising. However, achieving bigger goals will require strategic investments in equipment, manpower, inventory, and working capital.
Whether you have been planning on making big improvements in your business or buying an additional property for investment, begin the year looking forward to starting that big project.
While these goals may involve taking out a big amount of money from business operations or personal savings, there are ways to invest and achieve bigger goals without disrupting cash flow. You can utilize your existing real estate property to finance all these investments and explore a bank loan that offers lower interest with flexibility.
BDO Multipurpose Loan allows you to borrow from ₱1M to ₱50M depending on the appraised value of your property. Acceptable properties include house and lot, townhouse, condominium, vacant lot, or mixed-use property (residential/commercial).
An interesting feature of the multipurpose loan is its flexibility, allowing borrowers to choose how funds are accessed and the repayment terms based on needs. For example, funds can be received in lump sums which can be released one-time or in tranches (for construction needs). The loan can be paid for a fixed term with payments spread out into equal monthly amortizations.
Alternatively, borrowers can choose a revolving credit line that gives businesses access to a pool of funds that can be used as needed. This means that the borrower will only have to pay the availed amount and with an option to pay the minimum amount due or the outstanding balance, depending on the cash flow. The principle is similar to that of having a credit card. This credit facility has a validity of one year with an option to renew, with a minimum loanable amount of ₱3M to a maximum of ₱50M.
To qualify for the BDO Multipurpose Loan you must be at least 21 years old but not exceeding 70 years old at the end of the loan term, should have a stable source of income from employment or business, with at least ₱1M annual gross sales for business owners who operate within BDO serviceable area or ₱50,000 monthly gross income if employed.
Considering a BDO Multipurpose Loan? Knowing your eligibility is the first step. Here’s the checklist of requirements. And to further help you in deciding and strategizing, the Multipurpose Loan Calculator provides a guide in determining the loan estimates and possible monthly payments based on business needs and preferred repayment terms. Should you decide to proceed, an assigned account officer will provide the actual loanable amount based on the appraised value of the collateral and actual monthly payment computations based on prevailing rates.
Pursuing greater goals may seem challenging but with the right mindset and access to a reliable partner that gets you and finds ways, they become easily achievable. Visit https://www.bdo.com.ph/personal/loans/multipurpose-loan for more information.