Guide on BPI BanKo Business Loan Loanable Amount
BPI BANKO BUSINESS LOAN – You can check the loanable amounts under this offer of a BPI subsidiary bank below.
One of the biggest banks in the country is the Bank of the Philippine Islands. More popularly called BPI, this trusted bank has several branches across the nation and it also has branches in some countries abroad. Its clients encompass Filipinos in and out of the country.
Also, BPI has several subsidiaries. One of them is BanKo which has savings account offers as well as loan offers.
One of the loan offers of this BPI subsidiary is the BanKo Business Loan or the BanKo Negosyo Loan. It was crafted to help Filipinos who want to expand their existing small businesses. The offer is for self-employed micro entrepreneurs (SEME) with small businesses.
How much you may borrow under the BPI subsidiary loan offer BanKo Business Loan? Here are the loanable amounts:
- Minimum Loanable Amount — P25,000.00
- Maximum Loanable Amount — P300,000.00
Under the loan offer, there are minimal requirements for application. You just have to prepare and submit the following:
- one (1) valid ID
- utility bill
- Barangay or Mayor’s Permit
The loan application result is expected to be out within three (3) to five (5) working days since the submission of all the documents for application. With regards to the loan repayment, it can be done weekly, twice a month, or monthly. It can be done through any of the following:
- Repayment by Self via BanKo Mobile
- BanKo Cash Agents
- Automatic Debit Arrangement
- Cash Pick-Up via Motorized Collector
To apply, you can visit a branch of the BPI subsidiary or download the app from Google Play or App Store. BanKo promises lower interest rates compared with the loan offers’ interest implemented by other microfinance firms. You may also visit — BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)
