Guide on BPI Motorcycle Loan Requirements 2025 for Application
BPI MOTORCYCLE LOAN REQUIREMENTS 2025 – For self-employed applicants, here are the qualifications and the documents that you need to prepare in applying for the offer.
Are you excited to be driving your own motorcycle soon? You don’t have to shelve out all your savings for a one-time cash payment of a motorcycle purchase. You might like to use your money in areas where it can grow while you enjoy riding your dream motorcycle.
In the Philippines, there are banks that are ready to finance motorcycle purchase. One of them is the Bank of the Philippine Islands or more popularly called BPI. It is not only one of the biggest banks in the country but also one of the most trusted banks.
The Bank of the Philippine Islands has several offers from savings and deposit accounts to credit cards to loans and many others. With regards to the loan offers of the bank, aside from the BPI Auto Loan offer, the bank also has the BPI Motorcycle Loan offer.
The BPI Motorcycle Loan offer comes with affordable downpayment and interest rates. The bank also made sure it has an easy application process including a short list of BPI Motorcycle Loan requirements for application.
The Motorcycle Loan offer of the Bank of the Philippine Islands is ready to finance the purchase of regular bikes, second-hand motorcycles, TODA, non-conventional motorcycles, mid-range units, and those sold by accredited companies. Its offer is open not only for salaried individuals but as well as non-salaried individuals.
Before checking on the BPI Motorcycle Loan requirements for application, it would be best to check first the qualifications set under the loan offer. To be eligible to apply for the loan, the loan applicant should meet the following qualifications:
- at least 21 years old upon loan application
- not more than 60 years old upon loan maturity
- with at least one year stay in the current residence for owned, and two years for rented
- self-employed / with business operating for at least two years
- no derogatory records
There is a unique set of BPI Motorcycle Loan requirements for self-employed individuals who want to apply for the loan offer. Make sure to prepare the following documents for the BPI loan application:
- duly-accomplished and signed Motorcycle Loan Application Form with Privacy and Consent Notice
- photocopy of any BSP acceptable and signature bearing valid ID
- Philippine National ID (PhilID/ePhilID)
- Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
- Driver’s License issued by LTO
- GSIS ID
- MARINA ID
- OFW ID
- OWWA ID
- Pag-IBIG ID (with photo)
- Passport
- PWD ID issued by NCDA
- PhilHealth ID (with photo)
- Philippine Postal IDPRC ID
- Senior Citizen ID
- SSS ID
- TIN ID
- UMID
- Voter’s ID
- proof of income:
- photocopy of Business Registration or Barangay Certificate or other permits issued by the Local Government Units
- three-months latest Bank Statement
The Motorcycle and Auto Loan offers of the bank are just two of its multiple loan offers. You might also be interested to check out the BPI Housing Loan and the BPI Cash Loan offer.