Details about the BPI Personal Loan Interest Rate 2025 & How Much You May Borrow
BPI PERSONAL LOAN INTEREST RATE 2025 – You can check here the important details about the cash loan offer including the loanable amounts.
Are you interested about the cash loan offer provided by the Bank of the Philippine Islands? This reputable bank has a lot to offer and its cash loan can be the perfect solution for your financial needs.
Aside from the BPI Solar Mortgage offer, the Bank of the Philippine Islands has several loan offers and the list includes the BPI Personal Loan that is multi-purpose. You may apply for it to fund your travel, to pay for the utility bills, to get your car repaired, to augment the financial needs for a certain event, etc.
The Personal Loan offer of the bank is open not only for employed individuals but as well as self-employed ones who have source of income. In fact, it is open not only for locally-salaried individuals but as well as overseas Filipino workers (OFWs).
There are at least two important details that you should know before apply for the loan offer — the BPI Personal Loan interest rate as well as the range of the amounts allowed for borrowing under the offer. According to the bank, here are the minimum and the maximum loanable amounts under the cash loan offer:
- Minimum Loanable Amount — Php 20,000
- Maximum Loanable Amount — P 3 million
The Bank of the Philippine Islands stated that under the Personal Loan offer, the borrower may be allowed to borrow up to as much as thrice of your gross monthly income. Thus, if you earn P20,000.00 as gross income per month, you may borrow up to Php 60,000.00.
How about the loan term? BPI allows the repayment of the loan from 12 months up to 36 months. The loan is subject to the BPI Personal Loan interest until the amount borrowed has been fully-paid.
With regards to the BPI Personal Loan interest rate, according to the bank, the maximum annual contractual rate or ACR is 25.60%. It is important to know that the bank charges a one-time processing fee of Php 1,500.00 for approved loan applications. It will be deducted from the loan proceeds.
Are you interested to apply for the BPI Personal Loan now that you know about the interest rate and the loanable amounts under the offer? It is important to check on the documents that you need to prepare and submit to the bank.
The documentary requirements set by BPI depends if you are a local employee, a self-employed individual, or an OFW. Here is a guide on the requirements that you need to prepare and submit to the bank for the loan application: