Guide on BPI Motorcycle Loan Requirements 2025 for Application
BPI MOTORCYCLE LOAN REQUIREMENTS 2025 – For TODA operators and drivers, here are the qualifications and the documents that you need to prepare in applying for the offer.
Most banks are loan providers and they are ready to finance big purchases. However, not all of them are ready to finance motorcycle purchases and even help Tricycle Operators and Drivers Association members. On the latter, the Bank of the Philippine Islands is one of the few entities that has an offer.
The Bank of the Philippine Islands is one of the biggest and most reputable banks in the country. It is serving millions of Filipino people for decades now. Aside from the BPI Auto Loan, the bank also has the Motorcycle Loan offer that comes with affordable downpayment.
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. It secured its offer with low interest rates and an easy application process.
The loan is open for both employed and self-employed individuals. As mentioned earlier, the operators and drivers who are part of the Tricycle Operators and Drivers Association (TODA) may also apply for the loan offer.
The BPI Motorcycle Loan requirements include both eligibility criteria and the documents required for submission to apply for the loan. To qualify for the loan, the 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
- no derogatory records
The BPI Motorcycle Loan requirements vary among the operators and the drivers. Here is a guide on the documents that you need to prepare for the loan application:
Operators
- 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
- copy of MTOP/ Franchise or other permit issued by the LGU
- copy of ORCR of the vehicle or Notarized Deed of Sale
Drivers
- 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
- TODA Certificate issued by the TODA association or other permit issued by the LGU
The Bank of the Philippine Islands does not only offer Auto and Motorcycle loans but as well as the BPI Housing Loan. If you need cash for other purposes, you may also turn to the BPI Cash Loan offer.