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Get a chance to fulfill your dreams! Avail of the BDO Superlite Cash Loan and use it for almost anything you want! With BDO Superlite Cash Loan, color up your home, treat yourself to a well-deserved vacation or turn up the volume of your new home theater system.
It's simply irresistible!
| | » | Guaranteed Low Rates |
| | | Enjoy one of the lightest and most affordable personal loans in the market. |
| | | |
| | » | Competitive/Low Processing Fees |
| | | | Installment Processing Fee | P 1,300 | | Late Payment Fee | 5% of the unpaid installment due or P300, whichever is higher | | Installment Acceleration Fee | 5% of the outstanding principal balance or P300, whichever is higher | | Returned Check Fee | P500 per returned check | | Credit Card Annual Fee | WAIVED | | Lost Card Replacement | P250 per card replacement |
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| | » | Multipurpose |
| | | Use it for almost anything and everything |
| | | | • | Tuition/Education | | • | Health and Wellness | | • | Emergencies (medical/memorial/etc.) | | • | Appliances/Furniture/Electronic Gadgets | | • | Vacation/Travel | | • | Special Events (weddings/anniversaries/etc.) | | • | Balance Transfer/Debt Consolidation | | • | Personal Investments (business/insurance) | | • | Car Repairs/Upgrades | | • | House Renovation/Upgrades | | • | Lot Down Payments |
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| | » | Loan Amount |
| | | | • | Minimum: P10,000.00 | | • | Maximum: P500,000.00 |
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| | » | Loan Release |
| | | | • | Credit to BDO account | | • | Superlite Cash Card for PhP50,000 and below (optional) |
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| | » | Flexible Payment Terms |
| | | | • | Choice of payment terms that suit client's needs | | • | Pay in 6 months, 12 months, 18 months, 24 months or 36 months |
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| | » | Fixed Monthly Payments |
| | | | • | Easy on the budget | | • | Pay the same amount every month |
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| | » | Various Payment Options |
| | | | • | BDO Branches | | • | BDO On-Site Outlets | | • | SM Bills Payment Counter | | • | Internet Banking (requires pre-enrollment) | | • | Phone Banking (requires pre-enrollment) |
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| | » | Re-Availment Feature or Top-Up Loan |
| | | | • | Additional loan equal to or greater (submission of new income docs) than the original loan | | • | Subject to at least 50% paid up loan from the original loan term | | • | Part of the proceeds will be used to pay-off outstanding balance of original loan. |
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Application Requirements
| | » | Minimum Application Requirements |
| | | | • | Filipino citizen or foreigner residing in the Philippines for more than 2 years | | • | Must be 21 years old at the time of application but not more than 70 years old upon maturity | | • | Minimum Gross Annual Income: | | | o P120,000 for Employed/Salaried | | | o P400,000 for Self-Employed/Professional | | • | Must have at least 1 landline at either residence or office | | • | Residence or office must be within BDO serviceable areas | |
FOR SALARIED EMPLOYEES
| | • | Regular employee with at least 2 years combined work experience with present and previous employer | | | | | FOR SELF-EMPLOYED/PROFESSIONALS | | • | Business must have been in operation for at least 2 continuously successful and profitable years |
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| | | |
| | » | Document Requirements |
| | | | | | A. | PROOF OF INCOME | | FOR SALARIED EMPLOYEES (required) | | • | Photocopy of the latest BIR Form 2316 (W2) signed by employer's authorized representative AND | | • | Submit ANY ONE of the following: | | | o | Original Copy of Certificate of Employment and Income (COEI) issued in the last 3 months indicating status, length of service and breakdown of compensation | | | o | Photocopy of the latest full month pay slip | |
FOR SELF-EMPLOYED/PROFESSIONALS (required)
| | • | Photocopy of Registration of Business Name | | | o | For Single Proprietorship issued by DTI (Department of Trade and Industry) | | | o | For Partnerships issued by SEC (Securities and Exchange Commission) | | • | Photocopy of the latest ITR and W4 with BIR/Bank Stamp | | • | Photocopy of Audited Financial Statements for the last 2 years | | • | Photocopy of Bank Statements for the last 6 months (Optional) | | | | | | B. | PROOF OF INDENTIFICATION | | • | Photocopy of TWO (2) GOVERNMENT ISSUED ID's front and back portion with picture and signature. Valid ID’s include the following (any two): | | | o Passport
o Driver's License
o Professional Regulations Commission (PRC) ID
o National Bureau of Investigation (NBI) clearance
o Police Clearance
o Postal ID
o Voter's ID
o Barangay Certification
o Government Service and Insurance System (GSIS) e-card
o Social Security System (SSS) card
o Philhealth card
o Senior Citizen Card
o Overseas Workers Welfare Administration (OWWA) ID
o OFW ID
o Seaman's Book
o Alien Certification of Registration / Immigrant Certificate of Registration
o Government office ID ( e.g. Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) ID's)
o Certification from the National Council for the Welfare of Disabled Persons (NCWD)
o Department of Social Welfare and Development (DSWD) Certification
o Other valid ID's issued by the Government and its instrumentalities | | | | | C. | FOR RESIDENT FOREIGNERS ONLY (additional) | | • | Photocopy of Alien Certificate of Registration (or ARC I-Card) and Work Permit | | | | |
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Sample Computation
See sample computation for a P50,000 cash loan payable in 24 equal monthly installments:
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Desired Amount
P50,000.00
| X | Factor Rate (of chosen tenor)
0.051467 | = | Fixed Monthly Amortization
P2,573.35 |
- The computation above will serve as your guide. BDO, at its sole discretion, shall determine the final amount and term to be approved.
- The computed fixed monthly amortization using the factor rates indicated below may differ from the monthly amortization computed and generated by the BDO system due to the rounding-off of the factor rate, which is automated in BDO’s system.
Interest Rate Table
| Tenor | Factor Rate | Monthly Add-on Rate | Effective Rate/ Annum |
| 6 | 0.179667 | 1.30% | 26.27% |
| 12 | 0.094333 | 1.10% | 23.53% |
| 18 | 0.066556 | 1.10% | 23.70% |
| 24 | 0.051467 | 0.98% | 21.16% |
| 36 | 0.038778 | 1.10% | 23.13% |
Program Mechanics
1. All SuperLite Cash Loan applications received from April 8, 2008 to May 31, 2008 and
subsequently approved for 24-month tenors and availed of on or before June 30, 2008 will qualify for the 0.98% monthly add-on rate.
2. The 0.98% monthly add-on rate will cover the entire tenure of all qualified accounts with 24-month tenors.
3. All applications will be subject to the credit policies, processing guidelines, and the Terms and Conditions of the SuperLite Cash Loan Program of Banco de Oro Universal Bank, Inc.
4. Employees of Banco De Oro Universal Bank, Inc., its affiliates, and relatives up to the second degree of affinity or consanguinity are not qualified.
5. In case of dispute, the decision of Banco de Oro, with the concurrence of the Department of Trade and Industry, shall be deemed as final.
DTI Permit # 1524, Series of 2008
CLICK LINK TO DOWNLOAD APPLICATION FORM:
http://www.loansmanagement.webs.com/
Hurry…Apply Now!
For Inquiries, Contact: CP No.: 0927-917-0077; Tel.: (02) 505-2932
copied from http://www.sulit.com.ph/index.php/view+classifieds/id/1076486/BDO+Superlite+Cash+Loan
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