Guide on BPI Personal Loan Interest Rate & Processing Fee
Here is a guide on the interest rate implemented by the Bank of the Philippine Islands under the BPI Personal Loan offer and the processing fee to be deducted from the loan proceeds.
There are undeniably countless cash loan offers out there. However, if you want a legit transaction, it is best to turn to lenders that have already built a name in the field. One of these is the Bank of the Philippine Islands.
More popularly called BPI, it is one of the biggest banks in the Philippines in terms of assets. It provides services accessible to Filipinos not just in the country but as well as abroad. In fact, a lot of overseas Filipino workers (OFWs) are regular clients of the bank.
BPI does not only have savings and checking accounts and credit cards but as well as loans. With regards to its loan offers, the multi-purpose loan is the BPI Personal Loan offer.
The Personal Loan offer of the bank is open for locally-employed and self-employed individuals as well as overseas Filipino workers (OFWs). With regards to the BPI Personal Loan interest rate, the bank stated that the maximum annual contractual rate or ACR is 25.60%.
The BPI Personal Loan interest rate implements until the loan is fully-paid. The loan is payable from 12 months up to 36 months. With regards to the processing fee, it is at Php 1,500 and will be deducted from the loan proceeds.
The BPI Personal Loan offer is one of the cash loan offers with huge loanable amounts. It also has a short list of criteria for eligibility to the offer.
