List of the Bank of Commerce Loan Loanable Amounts
BANK OF COMMERCE LOAN – Here is a list of the loanable amounts under the Bank of Commerce loans offered to the public.
The Bank of Commerce in the Philippines is one of the banks that offer cash assistance to the public for several purposes. The financial assistance is extended in the form of loans which a person may apply for.
With regards to their loan offers, the bank got an auto loan, a home loan, and a small business loan. Each of these offers come with specific purposes.
Based on the official website of the bank, aside from the purposes they serve, the loan offers also have different loanable amounts. Here is a guide on the features of every Bank of Commerce loan offer including how much you can borrow under it:
The Auto Loan offer is open for the purchase of a brand new car. It is open for both employed and self-employed individuals and as well as corporations. Its maximum term is from twelve(12) months to sixty(60) months.
- Minimum Loanable Amount – Php 100,000.00
The Home Loan offer is excellent for those who wanted a new home. It can assist you in any of the following purposes:
- purchasing a house and lot, a condominium unit, or a townhouse
- constructing a house
- renovating your home
- taking out an existing home loan
The Home Loan offer is open for both working individuals and those who are into business or self-employed. The loan term is from ten(10) years to twenty(20) years. According to the bank, here is the minimum loanable amount:
- Minimum Loanable Amount – Php 500,000.00
Small Business Loan
The Small Business Loan offer is open to fund fixed asset acquisition, a business expansion, an additional working capital, and an investment on a spot business. You may also apply for it for major single purchase transaction, financing for inventory, receivables financing, and capital requirements.
- Minimum Loanable Amount for Term Loan & BCL – Php 1,000,000.00
- Maximum Loanable Amount – Php 15,000,000.00
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