Guide on BPI Personal Loan Interest 2023 for Client Loans
BPI PERSONAL LOAN INTEREST 2023 – Here is a guide on the interest rate implemented by the Bank of the Philippine Islands under the loan.
In the country, the Bank of the Philippine Islands is one of the most trusted banking companies which has several branches in Luzon, Visayas, and Mindanao. It is also one of the biggest entity in the banking field in the nation.
BPI offers savings and checking accounts, credit cards, loans, and several other services. One of the loans that you may apply for is the BPI Personal Loan, a multi-purpose cash loan offer.
The BPI Personal Loan best suits financial needs for multiple purposes. Under this cash loan offer, you may apply for the loan to fund any or all of the following:
- home renovation
- business
- travel
- education
- lifestyle
- car repair
The said loan offer of the Bank of the Philippine Islands is non-collateral. To qualify for the loan, you must meet the following eligibility criteria:
- a Filipino citizen
- 21 years old and above upon the loan application filing
- 60 years and below upon the date of the loan maturity
- proof of income:
- If employed, the loan applicant must have a minimum gross income of P20,000 per month.
- If self-employed, the borrower must be the owner or the majority stockholder with at leat 40% stake in the business and earning a gross monthly income of at least P50,000 per month. Furthermore, the business must be in a profitable operation for at least two (2) years already with one (1) trade reference.
The approved loan amount depends on the assessment of the bank. Meanwhile, it has posted the range of loanable amounts under the BPI Personal Loan 2023 offer for clients’ estimate basis. With regards to the BPI Personal Loan Interest 2023, it is at 1.2% on a monthly add-on basis.
The BPI Personal Loan interest 2023 is implemented until the loan is fully-paid. The terms available are 12, 18, 24, 30, and 36 monthly installments.
To apply for the loan offer, the most important initial step is to gather the requirements for BPI Personal Loan 2023 application. You may apply for the loan offer personally at a branch of the bank nearest to you or might also check on the offers of the bank through BPI Online.