Guide on BPI Cash Loan Maximum Loanable Amount for Clients
BPI CASH LOAN – The Bank of the Philippine Islands raised the maximum loanable amount of its personal loan offer this 2024.
One of the biggest and the most trusted banks in the country is the Bank of the Philippine Islands. It is more popularly called BPI and has several branches across the nation that delivers its wide variety of services to the public.
Millions of Filipinos are clients of BPI. These include not only individuals who are within the country but as well as those who are in other nations or overseas Filipino workers (OFWs). Countless people have access to the offers of the trusted banking entity.
BPI has different kinds of savings and checking accounts, loans, and credit card offers. It also has insurance policies and many other financial services.
With regards to the loan offer of the Bank of the Philippine Islands, the list includes the BPI Housing Loan, the BPI Auto Loan, and the BPI Personal Loan or also called the BPI cash loan offer which is multi-purpose.
The BPI cash loan offer is open for both employed and self-employed individuals who have a source of income. How much you may borrow under the loan offer?
With regards to the maximum loanable amount under the BPI cash loan offer, it has been raised from the former maximum loanable amount which was P2 million to P3 million. Here is the range of the borrowing amounts allowed under the offer:
- Minimum Loanable Amount — Php 20,000.00
- Maximum Loanable Amount — Php 3 million
The loan is payable from one (1) year or 12 monthly amortizations up to three (3) years or 36 monthly amortizations. The loan is open not only for individuals who have BPI accounts but as well as non-BPI account holders.
Just like in other loan offers, there is a set of qualifications considered by the Bank of the Philippine Islands for a client’s eligibility to the cash loan offer. The list of documentary requirements also depend if the loan applicant is employed, self-employed, or an allottee.