Guide on BPI Personal Loan Amounts 2023 Allowed for Client Borrowings
BPI PERSONAL LOAN AMOUNTS 2023 – Here is a guide on how much BPI clients may borrow under the multi-purpose cash loan offer of the bank.
The Bank of the Philippine Islands, more popularly called BPI, is one of the banks in the country with multiple loan offers to the public. One of the loans that employed and self-employed individuals may apply for is the Personal Loan.
The BPI Personal Loan is the multi-purpose cash loan offer of the bank. It is one of its many loan offers which also include the BPI Housing Loan for Construction and the BPI Auto “Step Up” Loan.
The BPI Personal Loan offer attends best to financial needs for several purposes. You may apply for the loan offer to meet any or all of the following purposes:
- home renovation
- business
- travel
- education
- lifestyle
- car repair
The loan offer is non-collateral. To qualify for its application, the borrower must meet the following eligibility criteria for loan application:
- a Filipino citizen
- 21 years old and above upon the loan application filing
- 60 years and below upon the date of the loan maturity
- proof of income:
- If employed, the loan applicant must have a minimum gross income of P20,000 per month.
- If self-employed, the borrower must be the owner or the majority stockholder with at leat 40% stake in the business and earning a gross monthly income of at least P50,000 per month. Furthermore, the business must be in a profitable operation for at least two (2) years already with one (1) trade reference.
With regards to the BPI Personal Loan amounts 2023 that clients may borrow, the bank has set P3 million as the maximum borrowing amount under the offer. The bank will assess the capacity of the borrower based on the documents submitted for loan application.
The BPI Personal Loan amounts 2023 is payable in 12, 18, 24, 30, and 36 monthly installments. To apply for the loan offer, you need to prepare and submit the documentary requirements for BPI Personal Loan 2023 application.
You might also like to avail the services of the bank through the BPI Online. You can enroll in the Express Online Banking of the bank.