Guide on BPI Motorcycle Loan Requirements 2025 for Application
BPI MOTORCYCLE LOAN REQUIREMENTS 2025 – For employed applicants, here are the qualifications and the documents that you need to prepare in applying for the offer.
In the Philippines, one of the trusted banks that you can turn to for loans is the Bank of the Philippine Islands. More popularly called BPI, it has offers that are ready to finance big purchases whether it is for necessity or pleasure.
With regards to the loan offers of the bank, aside from the BPI Auto Loan offer, the bank also has the Motorcycle Loan offer. Are you one of the individuals who have heart for motorcycles and bikes whether it is for fun rides, practicality, or money generation?
The BPI Motorcycle Loan offer is ready to finance the purchase of your target motorcycle. It is open for the financing of the purchase of regular bikes, second-hand motorcycles, TODA, non-conventional motorcycles, mid-range units, and those sold by accredited companies.
The Motorcycle Loan offer of the Bank of the Philippine Islands boasts with affordable downpayment and interest rates as well as easy application process. It is open for both salaried and non-salaried individuals.
Who are qualified to apply for the offer? Before checking on the BPI Motorcycle Loan requirements for application, it is important to know the qualifications set by the bank under offer. To be eligible to apply for the loan, here are the qualifications set by the bank:
- at least 21 years old upon loan application
- not more than 60 years old upon loan maturity
- with at least one year stay in the current residence for owned, and two years for rented
- employed for at least one year in regular status
- self-employed / with business operating for at least two years
- no derogatory records
The bank has set different BPI Motorcycle Loan requirements depending on the nature of the source of income. For employed individuals who want to apply for the loan offer, here are the BPI Motorcycle Loan requirements for application:
- duly-accomplished and signed Motorcycle Loan Application Form with Privacy and Consent Notice
- photocopy of any BSP acceptable and signature bearing valid ID
- Philippine National ID (PhilID/ePhilID)
- Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
- Driver’s License issued by LTO
- GSIS ID
- MARINA ID
- OFW ID
- OWWA ID
- Pag-IBIG ID (with photo)
- Passport
- PWD ID issued by NCDA
- PhilHealth ID (with photo)
- Philippine Postal IDPRC ID
- Senior Citizen ID
- SSS ID
- TIN ID
- UMID
- Voter’s ID
- proof of income:
- photocopy of Company ID (front and back) with specimen signature
- one-month payslip or Certificate of Employment with position, tenure and compensation
Aside from the Auto and Motorcycle Loan offers, the Bank of the Philippine Islands also has the BPI Housing Loan offer as well as the BPI Cash Loan offer.