BPI Auto Loan Loanable Amounts 2023 — Here’s How Much You May Borrow
BPI AUTO LOAN AMOUNT 2025 – You can check here the loanable amounts under the Bank of the Philippine Islands offer.
There is a huge advantage in driving your own vehicle. It is also an excellent preparation for emergency situations. Are you planning to get yours soon?
In the Philippines, there are now several banks that offer car loans. Thus, you don’t need to shelve out a huge amount of money for a one-time cash payment of a vehicle purchase — whether it is a brand new or pre-owned vehicle.
While many people do not like the term “loan”, under it, you can use your money in other fields where it can have a chance to grow. Who knows the profits can pay for the balance of your car purchase?
The Auto Loan offer of the Bank of the Philippine Islands is ready to finance the purchase of both brand new and pre-owned cars. You may even apply for a loan to use your car as a collateral for an access to funds.
There are only a few qualifications under the BPI loan offer. To be eligible to apply for the loan offer, you should meet the following:
- at least 21 years old upon the loan application
- not more than 70 years old upon the loan maturity
- earning a minimum household income of Php 30,000
How much is the BPI Auto Loan amount allowed for borrowing? The Bank of the Philippine Islands has set varying borrowing amounts under the financing of brand new and pre-owned vehicles. If you want to purchase a brand new car, here is range of the loanable amounts:
a. Minimum Loanable Amount: Php 200,000
b. Maximum Loanable Amount: Up to 85% of the purchase price
With regards to the BPI Auto Loan amount allowed for borrowing for the financing of a pre-owned vehicle purchase, here is a guide on how much you may borrow:
a. Minimum Loanable Amount: Php 200,000
b. Maximum Loanable Amount: Up to 70% of the purchase price
Aside from knowing the loanable amounts, it is also important to check the BPI Auto Loan interest rates under the offer.