BANK OF COMMERCE LOAN – List of Loanable Amounts Under the Loans Offered

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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.

Bank of Commerce Loan

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:

Auto Loan

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

Home Loan

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

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: BANK OF COMMERCE LOANS – List of Bank of Commerce Loan Offers

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