Check Here the BPI Mortgage Amount Loanable depending on Loan Type
BPI SOLAR MORTGAGE AMOUNT LOANABLE – Here is a guide on how much you may borrow under the offer based on the type of loan.
In the Philippines, there are now several homes that are powered by solar panels. Some homeowners have even reached the point of getting their solar panels fully-paid already and enjoy zero electricity bill. Are you excited to be one?
Nowadays, you don’t have to feel like you don’t have any choice and just stick with paying huge electricity bills. Even if you don’t have a huge savings right now, you can turn to some loan providers that are ready to finance the acquisition of solar panels for your home. One of them is the Bank of the Philippine Islands.
More popularly called BPI, the Bank of the Philippine Islands offer not only the BPI Housing Loan but as well as the BPI Solar Mortgage. You can avail it as a top-up of your existing home loan with the bank or you may also use your car as the collateral to avail funds for your solar panel acquisition.
With regards to the BPI Solar Mortgage amount loanable under the offer, it varies if you will avail the financing under the Top-Up Equity Loan or the Multi-Purpose Loan. The minimum and maximum loan terms may also vary.
Under the Top-Up Equity Loan, here are the BPI Solar Mortgage amount loanable, the loan terms, and the purpose catered:
| Features | |
|---|---|
| Minimum Loan Amount | Php 400,000 |
| Minimum Loan Term | 1 year |
| Maximum Loan Term | Up to 20 years |
| Loan Purpose | Acquisition of Solar Panels |
If you wish to avail the loan offer through using your car as the collateral so you can have access to funds for your solar panel purchase, you can do it under the Multi-Purpose Loan. Here are the BPI Solar Mortgage amount loanable under the offer and the loan terms:
| Features | |
|---|---|
| Minimum Loan Amount | Php 200,000 |
| Minimum Loan Term | 1 year |
| Maximum Loan Term | Up to 5 years |
| Loan Purpose | Acquisition of Solar Panels |
Currently, Helios is the accredited solar panel provider of BPI. Should you wish to apply for the offer, you need to secure a quotation from the solar panel provider of your choice and submit it to the bank to assisted on which option best suits for you.