At A Glance
- BDO's Multipurpose Loan provides individuals with funds for various needs and purchases, providing flexible repayment terms and potentially waived loan fees.
Change is the most constant thing in life, and changes in life include growth, progress, and achieving goals. These changes are essential milestones that shape journeys and open doors to new opportunities.
Planning life goals and upgrades often involves making meaningful investments such as expanding a business, acquiring essential assets, or opening a new venture. Investments like these often come with financial challenges, like securing capital and managing expenses.
Unlocking goals with BDO
BDO’s Multipurpose Loan provides individuals with funds for various needs and purchases, providing flexible repayment terms and potentially waived loan fees. BDO allows borrowers to use the value of their properties in funding their business plans and life goals, offering higher loan amounts of up to ₱50 million depending on the property’s value, with loan terms of up to 10 years, along with lower interest rates.
Convenient loan options
Aside from empowering business owners, BDO’s Multipurpose Loan also provides convenient options that can help with different funding requirements through its product variants. The Term Loan is ideal for business’ long-term investments like buying new machines and equipment, acquiring real estate properties, renovation, or expansion of business facilities. Funds will be received in a lump sum that can be released one time or in tranches (for construction loan), and repaid in fixed monthly amounts.
Meanwhile, Ready Check or Credit Line Facility offers immediate access to funds for short-term business needs, like procuring inventory or supplies to cater to seasonal and bulk orders, capital to sustain business operations, or settling supplier costs while waiting for client payments. Funds will be accessed by issuing checks on the approved credit line and the borrower can make payments based on the utilized amount, with the choice to pay the Minimum Amount Due or full amount, allowing them to manage their finances easily.
Convenient application
When applying for BDO Multipurpose Loan, qualified individuals would need to prepare the necessary documents and IDs, accomplish the application forms, then submit them at any BDO branch. A loan decision will be shared within 10 banking days after submission of complete requirements. Business owners can also submit their applications online through the BDO Website.
BDO truly provides the financial support that can turn life goals into a reality. With BDO Multipurpose Loan, individuals and business owners are empowered to take a confident step closer to achieving their goals.
Apply for a BDO Multipurpose Loan now at any BDO branch to enjoy up to ₱30,000 in waived fees! Promo runs until October 31, 2025.
Visit http://www.bdo.com.ph/multipurpose-loan to learn more.