Steps for BPI Auto Loan 2023 Application Process
BPI AUTO LOAN 2023 – Here are the steps on how to apply for the Auto Loan offer of the Bank of the Philippine Islands.
Nowadays, more and more people are into realizing the benefits of having your own vehicle. You can go to a certain place at anytime of the day and it is also an excellent preparation tool for the unforeseen circumstances. In many cases, having their own cars made the travel of a lot of people to work or school so much easier. Are you planning to get yours soon?
You might be thinking about getting a car through a loan offer. In the country, one of the loan providers that you may turn to is the Bank of the Philippine Islands. It is more popularly called BPI and it is one of the biggest banks in the country in terms of assets.
Under the BPI Auto Loan 2023 offer, you may obtain a financing service for the purchase of a brand new or pre-owned vehicle. The bank boasts low interest rates, flexible loan terms of up to 7 years, and easy access to the offer. It is available in over 800 branches nationwide.
The bank has set a range of loanable amounts under the BPI Auto Loan depending if the vehicle to be purchased is brand new or pre-owned. There is also a fixed set of interest rate under the BPI Auto Loan 2023 offer.
Step 1 — Check the Qualifications. The Bank of the Philippine Islands has set a list of eligibility requirements under the loan offer. For eligibility to the loan offer, here are the qualifications that the client must meet:
- at least 21 years old upon the loan application
- not more than 70 years old upon the loan maturity
- earning a minimum household income of Php 30,000
Step 2 — Prepare the Requirements. There are documentary requirements for BPI Auto Loan application that you must prepare and submit to the bank. The lists vary among locally-employed and self-employed applicants and the commission-based applicants.
Step 3 — Go to BPI. Visit a branch of the Bank of the Philippine Islands nearest to you and submit your requirements. The BPI loan application evaluation may take a few working days. Wait for an update from the bank.
