Lists of BPI Car Loan Requirements for Application Process
BPI CAR LOAN REQUIREMENTS – Here are the documents that the Bank of the Philippine Islands require in applying for the Auto Loan offer.
In the Philippines, the Bank of the Philippine Islands or more popularly called BPI is one of the banking entities that have gained the people’s trust. The reputable bank has several offers including loans that are reading for huge financing.
One of the loan offers of BPI is the BPI Car Loan that is ready to finance a vehicle purchase of a qualified client whether the unit is brand new or pre-owned.
To apply for the loan offer that is equipped with the best offers and features, there are BPI Car Loan requirements that you need to prepare and submit. The required documents depend if the loan applicant is locally-employed, self-employed, or an overseas Filipino worker (OFW).
Here is a guide on the BPI Car Loan requirements for application you must prepare and submit to the bank to apply for the offer:
If locally-employed
- duly-accomplished and signed BPI Auto Loan Application Form
- 2 valid IDs
- If married, both spouses to sign on the application form.
- If with co-borrower or co-mortgagor, separate application form is needed
- proof of income:
- Certificate of Employment (COE) indicating salary, position and length of service
- Latest Income Tax Return (ITR)
If self-employed
- duly-accomplished and signed BPI Auto Loan Application Form
- 2 valid IDs
- If married, both spouses to sign on the application form.
- If with co-borrower or co-mortgagor, separate application form is needed
- proof of income:
- Articles of Incorporation and By-Laws with SEC Registration Certificate
- G.I.S. (General Information Sheet)
- Audited Financial Statements for the last 2 years
- DTI Registration
- Income Tax Return w/ audited financial statements for the last 2 yrs.
- List of Trade References (at least 3 names with telephone nos. of major suppliers/customers)
- Bank Statements for the past 6 months
If overseas Filipino worker
- duly-accomplished and signed BPI Auto Loan Application Form
- 2 valid IDs
- If married, both spouses to sign on the application form.
- If with co-borrower or co-mortgagor, separate application form is needed
- proof of income:
- Contract / Certificate of Employment (COE)
- Crew Contract and Exit Pass validated by POEA (seaman)
- Proof of monthly remittances
- Notarized or authenticated Special Power of Attorney (BPI FSB Format)
- Duly accomplished Auto Loan Application form required by POEA
There are also specific additional BPI Car Loan requirements for application if you are a doctor or your earning is from a rental of property business. Here are the additional documents required by the bank:
- If Practicing Doctor
- Clinic address/es and schedule.
- Income Tax Return w/ audited financial statements for the last 2 yrs.
- If from Rental of Properties
- Rental/Lease Contract (indicating name of tenants and rental amounts with complete addresses of properties being rented)
- Photocopy of Title (TCT/CCT)
