Friday, December 2, 2022

BDO Car Loan: How To Apply For Auto Loan To Banco de Oro

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Steps on How To Apply for BDO Car Loan / Auto Loan to Banco de Oro

BDO CAR LOAN – Here are the easy steps on how to apply for an auto loan to Banco de Oro (BDO).

Undeniably, nowadays, one of the most useful properties that you can have is a car. By having your own, you can conserve energy and time when it comes to traveling.

Furthermore, having your own car also saves you from the pollution that you can inhale while traveling under the mid day sun. That is the reason why a lot of people find ways to acquire their own vehicle.

One of the ways is through a bank loan and Banco de Oro has something to offer when it comes to that – the BDO Car Loan or Auto Loan. Do you want to know how to apply for it?

BDO Car Loan

To apply for a BDO Car Loan or auto loan, you may follow these easy steps indicated below in courtesy of the Banco de Oro:

1. Qualifications Checking

Here are the qualifications set by the bank for the BDO Auto Loan:

  • At least 21 years old but not exceeding 70 years old at the end of
      the loan term
  • Filipino citizen or foreigners residing in the Philippines for at least 2 years
  • Minimum gross family income of P50,000/month
  • With stable source of income from employment or business

Additional Qualifications:

  • For Locally Employed Individuals – at least 2 years with current company
  • For Self-Employed Individuals – at least 2 consecutive profitable years of operation
  • For Employees Abroad – 2-3 years employment

2. Prepare the requirements needed for BDO Car Loan application

The requirements may vary depending on the employment status. For the full list of requirements, visit – BDO Auto Loan Requirements.

3. Visit a BDO Branch

Visit a BDO branch and obtain for a copy of the BDO Auto Loan application form. Provide the necessary information and submit it together with the requirements.

The bank staff will be evaluating the capacity of the applicants. For successful applications, the bank may require further documents and will assist the applicant on the other flows.

Thank you for visiting our website. We hope we have helped you with regards to your application for an auto loan to Banco de Oro. You may keep coming back for more informative guides.

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