Guide on BDO Auto Loan Offer Features for Aspiring Clients
BDO AUTO LOAN – BDO Unibank offers affordable cash-out options to help you achieve your dream car fast and easy.
Are you looking for a reputable entity that can help you in achieving your dream car? One of the trusted entities that you can turn to is BDO Unibank. It has gained the trust of millions of Filipinos not only Pinoys within the country but as well as abroad.
BDO is operating in the Philippines since 1968 when it was established as ACME Savings Bank. Now, its offers encompass both personal and business categories. It got different savings and deposit accounts, loans, credit cards. investment products, remittance services, etc.
One of the loan offers of BDO Unibank is the BDO Auto Loan. It is ready to finance the purchase of both brand new and pre-owned vehicles whether for personal or business use. It is also ready to finance the purchase of hybrid-electric and electric vehicles.
BDO boasts its loan offer with affordable cash-out, low interest rates, and flexible payment terms. Here’s a guide on how much you may borrow from the bank under the loan offer:
Brand New
- Minimum Loanable Amount — Php 100,000
- Minimum Downpayment:
- Personal Loan — 20% of the selling price of the vehicle
- Business Loan — 30% of the selling price of the vehicle
- Maximum Loan Term:
- Personal Loan — 5 years
- Business Loan — 3 years
Pre-Owned Vehicle
- Minimum Loanable Amount — Php 100,000
- Minimum Downpayment:
- Personal Loan — 30% of the selling price of the vehicle
- Business Loan — 40% of the selling price of the vehicle
- Maximum Loan Term:
- Personal Loan — 4 years
- Business Loan — 2 years
Under the BDO Auto Loan, you may avail the option for a low downpayment and maximizing of the loan amount. You may also go for an all-in financing which provides an option to finance the Chattel Mortgage fees and the first year Motor Insurance Premium.
There are both eligibility and documentary requirements in applying for the loan offer. It is open for both salaried and non-salaried individuals.
Aside from the BDO Unibank, another reputable banking entity that also offers an Auto Loan is Rizal Commercial Banking Corporation or more popularly called RCBC.
