Guide on BPI Personal Cash Loan Offer Borrowing Amounts Allowed
The Bank of the Philippine Islands, more popularly called BPI, offers a Personal Loan that can provide borrower with cash equivalent to up to 3x your monthly income.
There are several banks in the country but not all were able to build a solid and profound name in the field. One of the banks that were able to gain the public trust is the Bank of the Philippine Islands or more popularly called BPI.
Across the nation, there are over 850 branches of BPI and the bank also has branches overseas — one branch in Hong Kong and two (2) branches in London. Thus, it does not only cater services in the Philippines but as well as to people abroad most especially the overseas Filipino workers (OFWs).
BPI offers savings and current bank accounts, loans, credit cards, and several financial services. One of the loan offers is the BPI Personal Loan, a cash loan offer for salaried and self-employed individuals.
Under the BPI Personal Cash Loan offer, the maximum loanable amount is up to three (3) times the monthly income of the borrower. The bank has set P3 million as the borrowing limit with at least P20,000 as the minimum loanable amount.
This loan offer is multi-purpose. You may apply for it to fund the repair of your vehicle, to make a huge purchase, to fund a special event, to travel, etc. It is collateral free thus you do not need to present a proof of ownership of a property to qualify for the loan offer.
Furthermore, the loan offer provides up to a maximum of 36 monthly installments or three (3) years of repayment. Thus, you really have an option if you wish to avail light monthly installment repayment of the amount you borrowed from the trusted and popular lender.