Guide on the Requirements for BPI Big Bike Loan 2023 Application Process
REQUIREMENTS FOR BPI BIG BIKE LOAN 2023 – Here are the documents required in applying for the Big Bike loan offer of BPI.
Are you looking for a way on how to get your target big bike or motorcycle without having to go through a one-time cash payment? Loans can be the perfect solution for you. There are some banks and lending companies in the Philippines which are now ready to finance a motorcycle purchase.
One of the banks that is ready to finance the purchase of a big bike is the Bank of the Philippine Islands. Aside from the BPI Personal Loan 2023 offer of the bank, its motorcycle loan offer is also accessible through the over 800 branches of the bank nationwide.
Who are qualified to apply for the loan offer? Here are the eligibility requirements for the BPI Big Bike Loan 2023 offer that the borrower must meet to qualify for the offer:
- at least 21 years old upon the loan application
- not more than 65 years old upon the loan maturity
- earning a minimum household income of Php 40,000
Aside from the eligibility criteria, the Bank of the Philippines has also set a list of documentary requirements for BPI Big Bike Loan 2023 application. Here are the documents required by the bank:
For Locally Employed Applicants:
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- Latest Certificate of Employment indicating salary, position and length of service with authorization to verify
- Latest 1 month pay slip or 3 months bank statement of payroll account with authorization letter to verify
For Commission-Based Applicants:
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- Latest ITR
- Certificate of employment stating commissions received prior year/months/period and Commisions Receivable, if any
- Bank statement where commision is credited, with authorization letter to verify
For Self-Employed Applicants:
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- DTI Registration or Mayor’s Permit
- Latest ITR with financial statements
- Working account (6mos) with authorization letter to verify
- Trade references with complete contact information
- Authorization letter to conduct trade verification
For Foreigner Applicants:
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- Valid Visa or Alien Certificate of Registration (ACR)
For Pensioner Applicants:
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- Certificate of Pension, with authorization letter to verify
- Bank statements of pension account (3 months), with authorization letter to verify
For Overseas Filipino Workers (OFWs):
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- Latest Contract, with authorization letter to verify
- Proof of bank remittance, with authorization letter to verify
- Details of crewing manager for seafarers
For Applicants Practicing Professions with Own Business:
- duly-completed BPI Auto Loan Application Form
- two (2) valid Identitifcation Cards
- If married, both spouses must sign on the application form
- If with co-borrower or co-mortgagor, separate application form is needed
- Working account with authorization letter to verify
- Latest ITR with AFS
- List of major trade references with complete details