Guide on BPI Motorcycle Loan Requirements 2025 for Application
BPI MOTORCYCLE LOAN REQUIREMENTS 2025 – For overseas Filipino worker (OFW) applicants, here are the qualifications and the documents that you need to prepare in applying for the offer.
Nowadays, there are several entities that are ready to help qualified individuals in their big purchases. One of them is the Bank of the Philippine Islands or more popularly called BPI. It has several loan offers that you may turn to.
The Bank of the Philippine Islands has several offers — savings and deposit accounts, credit cards, loans, insurance policies, investment products, and many other finance products. With regards to its loan offer, aside from the BPI Auto Loan, it also has the Motorcycle Loan offer.
The BPI Motorcycle Loan offer 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. The bank made sure that its offer comes with affordable downpayment and interest rates.
Furthermore, the Bank of the Philippine Islands guaranteed that the BPI Motorcycle Loan application bears an process. Below, you can check the BPI Motorcycle Loan requirements that you need to prepare for the loan application.
The Motorcycle Loan offer is open not only for locally-employed and self-employed individuals. Overseas Filipino Workers and beneficiaries of OFWs may also apply for the loan offer.
Who are eligible to apply for the loan offer of the Bank of the Philippine Islands? The BPI Motorcycle Loan requirements including both qualifications and documents that must be submitted in applying for the loan. To be eligible to apply for the loan offer, here are the qualifying requirements that an applicant should meet:
- 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
- employed for at least one year in regular status
- self-employed / with business operating for at least two years
- no derogatory records
The bank has set different lists of BPI Motorcycle Loan requirements among the locally-employed and self-employed individuals as well as overseas Filipino workers. For OFW applicants and beneficiaries, here are the documents required in applying for the loan offer:
- 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:
- proof of remittance for the past three months
- latest POEA Contract
Aside from the aforementioned loan offers, the Bank of the Philippine Islands also has the BPI Housing Loan and BPI Cash Loan offers.