How to Pay Loan in BDO

If you have a loan with Banco de Oro (BDO), managing payments efficiently is crucial to avoid penalties and maintain a good credit score. This guide will walk you through the various methods available for paying off your BDO loan, including online payments, in-branch transactions, and other convenient options.

1. Online Payments

1.1 BDO Online Banking

To pay your loan through BDO’s online banking system:

1. Log in: Visit the BDO website or open the BDO Mobile Banking app and log in using your credentials.
2. Select "Pay Bills": Navigate to the "Pay Bills" section.
3. Choose Payment Type: Select "Loan Payment" from the list of billers.
4. Enter Loan Details: Input your loan account number and the amount you wish to pay.
5. Confirm Payment: Review the payment details and confirm the transaction.

1.2 BDO Mobile App

If you prefer using your mobile device:

1. Open the App: Launch the BDO Mobile App.
2. Go to "Payments/Transfers": Tap on the "Payments/Transfers" menu.
3. Select "Loan Payment": Choose "Loan Payment" and input your loan details.
4. Review and Confirm: Verify the payment details and complete the payment.

2. In-Branch Payments

For those who prefer traditional methods:

1. Visit a Branch: Go to the nearest BDO branch.
2. Fill Out a Payment Slip: Complete a payment slip with your loan account number and the amount to be paid.
3. Submit to Teller: Hand the slip and the payment amount to the teller.
4. Get a Receipt: Ensure you receive a receipt for the transaction.

3. Payment via BDO ATMs

Using BDO ATMs for loan payments:

1. Find an ATM: Locate a BDO ATM near you.
2. Insert ATM Card: Insert your BDO ATM card and enter your PIN.
3. Select "Loan Payment": Choose the "Loan Payment" option from the menu.
4. Enter Loan Information: Input your loan account number and payment amount.
5. Confirm Payment: Review the details and confirm the payment.

4. Payment through BDO's Partner Merchants

BDO has partnerships with various merchants for loan payments:

1. Visit Partner Merchant: Go to a participating partner merchant.
2. Provide Loan Details: Give the merchant your loan account number and payment amount.
3. Complete Payment: Make the payment and ask for a receipt.

5. Tips for Managing Loan Payments

5.1 Set Up Automatic Payments

Consider setting up automatic payments to ensure timely payments and avoid late fees. You can do this through BDO’s online banking or mobile app.

5.2 Monitor Your Loan Balance

Regularly check your loan balance and payment schedule to keep track of your progress. This can be done through the online banking portal or mobile app.

5.3 Contact BDO for Assistance

If you encounter any issues or have questions about your loan payments, contact BDO customer service for support.

6. Conclusion

Paying your BDO loan is straightforward with multiple options available to suit your preferences. Whether you choose online payments, in-branch transactions, or using ATMs and partner merchants, ensure you follow the correct procedures to maintain your account in good standing.

Summary

• Online Payments: Use BDO Online Banking or Mobile App.
• In-Branch Payments: Visit a BDO branch and use a payment slip.
• ATM Payments: Utilize BDO ATMs for quick transactions.
• Partner Merchants: Pay through BDO’s partner merchants for convenience.

By utilizing these methods, you can effectively manage your loan payments with BDO and stay on top of your financial obligations.