Guide on BPI Personal Loan 2023 Application Process
BPI PERSONAL LOAN 2023 – You can check the details below for the process in applying for the cash loan offer of the Bank of the Philippine Islands.
Are you looking for a bank where you may apply for a cash loan offer? If you want a trusted entity to make a deal with, you can turn to the Bank of the Philippine Islands. It is more popularly called BPI and one of the biggest banks in the country.
The BPI Personal Loan 2023 is non-collateral. It is open for both employed and self-employed individuals and it aims to help the clients address their short-term financial needs. It is one of the cash loan offers with high loanable amounts and affordable interest rates.
The cash loan offer is multi-purpose. You may apply for it and spend the money for several means including the following:
- home renovation
- business
- travel
- education
- lifestyle
- car repair
With regards to the loanable amounts under the BPI Personal Loan offer, although all loans are subject to the approval of the bank, the bank has provided the range of the borrowing amounts allowed under the offer. The bank has also posted the BPI Personal Loan interest.
There is a simple process in applying for the BPI loan offer. Here are the steps you may follow to ensure a smooth flow:
Step 1 — Check the Eligibility Criteria. The Bank of the Philippine Islands has set a list of qualifications under the BPI Personal Loan 2023 offer. To qualify, the borrower must meet the following eligibility requirements:
- 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.
Step 2 — Gather the Requirements. In applying for the loan offer, there are documents that you must prepare and submit at a branch of the bank where you wish to file your application. Make sure to ready all the documentary requirements for BPI Personal Loan 2023.
Step 3 — Go to BPI. Pack your documentary requirements and bring them with you to a branch of the Bank of the Philippine Islands (BPI) for the submission of your loan application. It may take a few working days for the bank to evaluate your loan application. Wait for an update
