BDO Network bank in the Philippines

BDO Network Bank, formerly known as One Network Bank, Inc. (ONB), operates as a subsidiary of BDO Unibank, Inc., the largest bank in the Philippines. The Bank provides a wide range of financial products and services including loans, deposits, cash management, remittances, and bills payment in areas considered unserved or underserved by banks. The Bank’s […]

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One Network a Rural Bank of BDO https://upfinance.com/app/uploads/2019/07/BDO-NB-logo-240x80-px.png
ONB Center, Km. 9, Sasa, Davao City
(082) 233-7777 , customerservice@onenetworkbank.com.ph
Interest rate 0.66% - 3.5%
Loan tenure from 3 to 240 months
Approval duration Up to 120 hours
Min. monthly income

Leading

Nestor V. Tan , Chairman Henry Sy, President

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 20000000
Min. loan tenure 3 months
Max. loan tenure 240 months

Credit

BDO Network bank

Salary loan

Interest Rates: 1,25% per month
Minimum Loan Amount: 10 000 PHP
Collateral: no
Payment terms: Up to 24 months
Approval time: 3-5 banking days
Used Car Loan Rates:

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Personal loan/ OFW loan

Interest Rates: 
6 months – 2,18% per month;
12-36 months – 2.21% per month
Effective Rate/Annum: 26% APR
Minimum Loan Amount: 10 000 PHP
Collateral: no
Payment terms: 6-36 months
Approval time: 3-5 banking days

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Kabayan Unsecured loan

Interest Rates: 2% per month;
Effective Rate/Annum: 40% APR
Minimum Loan Amount: 30 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 6-36 months
Collateral: no
Minimum qualification:
• 3 years in business
• has P15,000 – P200,000 weekly sales

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Kabayan Secured loan

Interest Rates: 
6 months – 0,84% per month;
12-36 months – 0,79% per month
Effective Rate/Annum: 17,08% APR
Minimum Loan Amount: 30 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: 6-36 months
Collateral: yes
Minimum qualification:
• 3 years in business
• has P15,000 – P200,000 weekly sales

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Car loan

Used Car Loan Rates:

months 24 36 48
rates per year 14.11% 22.52% 30.06%

Brand New Auto Loan Rates:

months 36 48 60
rates per year 17.33% 23.55% 30.26%

Minimum loan amount:
Brand New – 400 000 PHP
Used Car – 300 000 PHP
Maximum loan amount: up to 80% of purchase price
Payment terms: Up to 60 months
Approval time: 1-3 banking days
Down payment: As low as 20% of purchase price

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Home loan

years 1 2 3 4 & above
rates APR 6,5% 7,25% 7,5% 8%

Minimum loan amount: 500 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Total gross monthly income (minimum): 50 000 PHP
Approval time: 5- 21 banking days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Salary Loan Products

Details

ONE DEPED SALARY LOAN For the teaching and non-teaching personnel of the Department of Education (DepEd).

Payroll deduction is made through Regional Offices- Automatic Payroll Deduction System (APDS) or through the Payroll Deduction System of Independent/Empowered Schools.

ONE LGU SALARY LOAN For all permanent employees, elected officials and appointed officials of a Local Government Unit (LGU) that includes City, Municipality, and Provincial Government Offices within the service area of the branch.
ONE GOVERNMENT AGENCIES SALARY LOAN For permanent employees of government agencies such as but not limited to DENR, DPWH and government schools governed by CHED with local payroll system.
ONE PRIVATE INSTITUTION SALARY LOAN For permanent employees of a private institution with payroll being serviced by ONB.
ONE SSS PENSIONER’S LOAN For any SSS retiree or surviving spouse whose monthly SSS pension is credited directly to an ONB savings accounts.

Business loan

Business loan

Interest Rates: 3,28% per month
Minimum Loan Amount: 1 000 000 PHP
Maximum loan amount: 20 000 000 PHP
Payment terms: 6-36 months
Collateral: no
Approval time: 3-5 banking days

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SME Loan

years 1 2 3 4 & above
rates APR 6,5% 7,25% 7,5% 8%

Minimum Loan Amount: 1 000 000 PHP
Maximum loan amount: 20 000 000 PHP
Collateral: yes
Payment terms: Up to 60 months
Approval time: 3-5 banking days

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Deposited

Regular time

Deposit Size 30 days 60 days 90 days 180 days 360 days
1 000 PHP – 9 999 PHP 0,5% 0,5% 0,5% 0,75% 0,875%
10 000 PHP – 49 999 PHP 0,5% 0,5% 0,5% 0,75% 0,875%
50 000 PHP – 99 999 PHP 0,75% 0,75% 0,75% 1% 1%
100 000 PHP – 199 999 PHP 1% 1% 1% 1,25% 1,25%
500 000 PHP – 999 999 PHP 1,25% 1,25% 1,25% 1,25% 1,375%
1 000 000 PHP – 2 999 999 PHP 1,5% 1,5% 1,5% 1,875% 2%

FAQ

Salary loan is issued:
1. to only to employees of accredited enterprises with a payroll serviced by BDO;
2. to teaching and non-teaching staff of the Department of Education (DepEd);
3. to permanent employees, elected officials and appointed officials of the local government unit (LGU), which includes city, municipal and regional government institutions within the branch service area;
4. to full-time employees of government agencies such as DENR, DPWH, and public schools operated by CHED with a local payroll system;
5. to any SSS retiree or surviving spouse whose monthly SSS pension is credited directly to ONB savings accounts.

The maximum loan amount depends on your income and the duration of the loan. Under Philippine law, a loan payment cannot exceed 30% of income.

No, is not required for collateral.

Small businesses in the Philippines can be determined depending on the size of the assets, the amount of equity and the number of employees. Enterprises can also be determined depending on the number of employees. Small businesses employ between 10 and 99 workers.

The maximum loan term without collateral is not more than 5 years, if a company can provide collateral.

Business Owners:

  • At least 21 years old but not exceeding 70 years old at the end of the loan term
  • Sole Proprietorship, Partnership, Corporation
  • Business is in profitable operation for at least 2 consecutive years
  • Minimum annual gross sales of 1 Million
  • Business is within a BDO serviceable area

To date, the maximum amount of this loan is 20 000 000 PHP.

The longest loan period is 20 years.

If you buy a new home, the application review period on average does not exceed 5 business days.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

Typically, interest rates are lower for new cars, because used cars less secure investment than new ones because they can break down or undergo repairs that will be more common than a new car. For new cars, interest rates are 2-5% lower.

No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.

Documents confirming income and identification are the main requirements for obtaining a car loan.
Application form with filled in fields.
Copy of Passport or any ID ( SSS ID, Driver’s License, Voter’s ID)
Working borrowers must submit documents: certificates from the place of work or COE, income tax return from BIR or ITR within 1 year.
Self-employed applicants must submit documents : a copy of the ITR with THE bir stamp , a copy of registration with the DTI or SEC, and a copy of financial statements for a period of at least 2 years .
After buying a car, you need to pay for insurance.

Contacts

Full company name One Network a Rural Bank of BDO
Address ONB Center, Km. 9, Sasa, Davao City
Phone number (082) 233-7777
E-mail customerservice@onenetworkbank.com.ph
Social networks

BDO Network Bank, formerly known as One Network Bank, Inc. (ONB), operates as a subsidiary of BDO Unibank, Inc., the largest bank in the Philippines. The Bank provides a wide range of financial products and services including loans, deposits, cash management, remittances, and bills payment in areas considered unserved or underserved by banks.
The Bank’s network of more than 220 branches and over 230 automated teller machines, most of which are located in countryside Mindanao, is complemented by access to BDO’s nationwide network of more than 1,000 branches and over 3,500 ATMs nationwide. Expansion of the network is an ongoing endeavor, with a goal of covering more of the Bank’s target market segments.

Users rating

Reviews

2 months ago

Mr

Need loan

1 year ago

ONB has Good Work Experience

Very good work experience related to various industries with in-depth knowledge. Very good salaries and employee benefits when compared to other peers.

1 year ago

Best Behavior of staff and manager

this bank has best policies and it is one of the best bank to work with this bank is good as fuck and i love its manager because he has nice way of dealing and other staff is also really very help full the administrator gave advices when ever i need them

1 year ago

best policies

this bank has best policies and it is one of the best bank to work with this bank is good as fuck and i love its manager because he has nice way of dealing and other staff is also really very help full

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