TYPES OF CREDIT OFFERED
BY A
FINANCIAL
INSTITUTION
GROUP 1
GROUP 1
De Castro , Razid
M illo , Sh ay a Casey
Peseb re, E d Gliz
Say, Pau l Ju stin e
Yu man g , E lad ia
ABOUT BDO
• ·is a universal bank which engages in providing financial
services to corporate markets and specializes in Lending,
Deposit-taking, Foreign, Exchange, Brokering, Trust and
Investments, Credit Cards, Corporate cash management and
remittances in the Philippines.
• was fo u n d ed in 1968 and h as its co rp o rate o ffice lo cated in
Mak ati.
TYPE OF CREDIT
Bank Credit
• Pe rsonal Loans
• Housing Loa ns
• Business Loans
• Credit Ca rds
• Auto Loans
PURPOSE OF CREDIT
• Pe rsonal and Family Needs
• Home Ownership
• Business Expansion
• Consume r Spending
• Vehicle Ac quisition
TARGET CUSTOMERS
• The ta rge t market of the bank are
the tra ditiona l wealthy, emerging
we althy suc h as entrepreneurs,
profe ssiona ls a nd other businesses,
and the retired.
TERMS OF CREDIT
Personal Loan
• can borrow as little as ₱10,000 and as
much as ₱2,000,000.
• Loan amount is dependent on the provided
income papers and is subject to bank
approval.
For how long can I pay the loan?
• You may choose to pay the loan at 6, 12,
18, 24, or 36-month terms.
TERMS OF CREDIT
Business Loan
• Term Loan
Loanable Amount–Php 1,000,000.00-20,000,000.00
Term - 1-10 years
• SME Ready Check
Loanable Amount–Php 3,000,000.00-20,000,000.00
Term – 1 year validity w/ renewal options
TRANCHES AND TERMS
BDO Housing L o an
-A BDO Hou sin g L o an allo ws y o u to b o rro w as
mu ch as 80% o f th e ap p raised v alu e o f y o u r
pro p erty, and y o u r p ay men t terms can b e ex ten d ed
for u p to 20 y ears. Yo u can also tak e ad v an tag e o f
BDO’s all-in fin an cin g to co v er o th er h o u sin g
loan expenses, su ch as tax es, in su ran ce p remiu ms,
mo rtgage reg istratio n , an d o th ers.
TRANCHES AND TERMS
BDO offers h o me lo an o p tio n s:
• Purchase o f Ho u se an d L o t / To wn h o u se Un it
• Purchase o f Co n d o min iu m Un it
• Purchase o f Vacan t L o t
• House Co n stru ctio n
• Home Imp ro v emen t / Ren o v ati o n
TRANCHES AND TERMS
BDO offers h o me lo an o p tio n s:
• Purchase o f Ho u se an d L o t / To wn h o u se Un it
• Purchase o f Co n d o min iu m Un it
• Purchase o f Vacan t L o t
• House Co n stru ctio n
• Home Imp ro v emen t / Ren o v ati o n
TRANCHES AND TERMS
Qu alification s to lo an :
• At least 2 1 y ears o ld b u t n o t ex ceed in g 7 0
y ears old at t h e en d o f th e lo an term
• Filipino citizen o r Fo reig n Natio n als
• M inimum g ro ss family in co me o f
₱50,000/mo n th o r its eq u iv alen t in fo reig n
currency
• With stab le so u rce o f in co me fro m emp lo y men t
o r busines s
TRANCHES AND TERMS
• L ocally E mp lo y ed : at least 2 y ears with
current co mp an y
• Self-Emp lo y ed : at least 2 co n secu tiv e
p rofitable y ears o f o p eratio n
• E mployed Ab ro ad : 2 -3 y ears’ co n secu t iv e
employmen t. Assig n men t o f B en eficiary as
L oan Admin istrato r if n o t in th e Ph ili p p in es at
th e time o f ap p licatio n
TRANCHES AND TERMS
• L ocally E mp lo y ed : at least 2 y ears with
current co mp an y
• Self-Emp lo y ed : at least 2 co n secu tiv e
p rofitable y ears o f o p eratio n
• E mployed Ab ro ad : 2 -3 y ears’ co n secu t iv e
employmen t. Assig n men t o f B en eficiary as
L oan Admin istrato r if n o t in th e Ph ili p p in es at
th e time o f ap p licatio n
TRANCHES AND TERMS
With BDO Acco u n t
TRANCHES AND TERMS
With o u t BDO Acco u n t
TRANCHES AND TERMS
If Constructio n L o an
• Photocop y o f T CT
• Photocop y o f Tax Declaratio n
• Building Plan
• Building Sp ecificatio n s
• Copy of p ay men t fo r Ap p raisal Fee
TRANCHES AND TERMS
INT. RATE &
OTHER REQS
INT. RATE &
OTHER REQS
INT. RATE &
OTHER REQS
INT. RATE &
OTHER REQS
THANK
YOU!
