Guide on BPI Big Bike Loan – Here’s How Much You May Borrow
BPI BIG BIKE LOAN – Here are the minimum and maximum loanable amounts under this loan offer of the Bank of the Philippine Islands.
Are you planning to purchase a big bike but you want to do it under a loan so you will only have to pay for it in light monthly amortizations? With the Bank of the Philippine Islands, it is really possible.
The BPI Big Bike Loan offer is offered in over 800 branches of the bank nationwide. You can check the details below.
Who are qualified to apply for this loan offer? There are eligibility requirements in applying for this Big Bike Loan offer. To qualify for the offer, the borrower-applicant must be:
- at least 21 years old upon the loan application
- 65 years old and below upon the loan maturity
- earning a minimum household income of at least Php 40,000.00 monthly
How much you may borrow under BPI Big Bike Loan? Here are the minimum and maximum loanable amounts:
- Minimum Loanable Amount – Php 200,000.00
- Maximum Loanable Amount – up to 70% of the purchase price
According to BPI, you can repay the amount you borrowed from one (1) year up to three (3) years. To apply for the loan offer, start by preparing the documents needed in applying for the loan offer. You must prepare the following general requirements:
- duly-accomplished and signed BPI Loan Application Form
- 2 valid Identitifcation Cards (for list of acceptable IDs, click here)
- If married, both spouses to sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
The Bank of the Philippine Islands has several other loan offers for the public. To check on these offers, you may visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI).
