Check Here the BPI Motorcycle Loan Interest Rate & Downpayment Based on Unit
BPI MOTORCYCLE LOAN INTEREST RATE 2025 – Here is a guide on the downpayment as well as how much your borrowed amount may grow.
Are you planning to get your dream motorcycle soon? The Bank of the Philippine Islands has one of the best loan offers that can finance the purchase of this two-wheeled vehicle. Meanwhile, as a responsible borrower, it is important to check the interest rate as well as the fees under the offer.
The Motorcycle Loan offer of the Bank of the Philippine Islands is ready to finance several units including regular bikes, second-hand motorcycle units, those sold by the accredited companies of the bank, mid-range units, as well as motorcycles for the Tricycle Operators and Drivers Association or TODA.
Before letting any money get to your hand or putting your palms on your dream motorcycle, it is important to know how much the amount your borrowed may grow because of the BPI Motorcycle Loan interest rate. It is dependent on the type of vehicle financed under the offer.
Here is a guide on the BPI Motorcycle Loan interest rate based on the unit type:
| Unit | Downpayment |
| Regular Bikes | minimum downpayment of 10%; as low as 5% on selected promo units |
| Second-Hand Units | minimum downpayment of 8% based on ROPA price |
| Units from Accredited Companies | minimum downpayment of 3% of the price |
| TODA | minimum downpayment of 5% of the price |
| Mid-Range Units | down payment of 20% of the price |
With regards to the BPI Motorcycle Loan interest rate, according to the bank, it may range from 2.43% to 2.88% per month. It is important to know that aside from the downpayment, the available loan terms or the length of repayment may also vary.
The loan for the purchase of regular bikes and second-hand units is payable in 12, 24 to 36 months while the loan terms available for units acquired from accredited companies is payable in 12, 24, 36 or 48 months.
Units under TODA and the mid-range units are also payable in 12, 24, or 36 months. Non-conventional motorcycles can be paid in 12, 24, 36, or 48 months.
Aside from knowing about the BPI Motorcycle Loan interest rate, it is also important to know the other charges that may apply. The bank may implement the following:
- Processing Fee of Php 1,500 deducted from the loan proceeds
- Documentary Stamps Tax (DST) for loans above Php 250,000; it is equivalent to Php 1.50 for every Php 200 of the loan amount
- LTO Encumbrance Fee of Php 500 is charged for registering the encumbrance with the Land Transportation Office (LTO)
- Motor Insurance which may vary
- Cancellation of Mortgage Fee of Php 800 in case the mortgage is cancelled after the loan is fully paid
- Notarial and Facilitation Fees which may vary
Are you interested to apply for the BPI loan offer? The loan offer is open among employed and self-employed applicants, overseas Filipino workers (OFWs), and TODA operators and drivers but there are varying requirements. Here is a guide on the documents required by the bank in applying for the loan offer: