Guide on the BPI Loan Interest Rates Implemented by the Bank Under its Loans
BPI LOAN INTEREST RATES – Here is a list of the interest rates that the Bank of the Philippine Islands implements on its loans.
Nowadays, loan offers haven become even more popular. Among the companies or establishments that offer it are the different banks in the Philippines. The Bank of the Philippine Islands or more commonly known as BPI is one of them.
BPI offers personal loan to the public. It is the most flexible loan when it comes to the purposes it serves. You can apply for it to pay for a medical bill, to fund a celebration, to go for a travel, to make purchases, etc.
With regards to the loan offers with more specific purposes, the private bank has the BPI Housing Loan and the BPI Car Loan. The former is for the acquisition of a lot or a residential property while the latter is for the purchase of a car.
In applying for a loan, aside from the eligibility qualifications, the requirements, and the terms, another thing that the applicant should look into is the interest.
On the official website of the Bank of the Philippine Islands, the private bank has posted details regarding the BPI Loan Interest Rates it implements under its loans.
Personal Loan
- Interest Rate per annum – 14.40%
- Fixed add-on interest rate per month – 1.20%
Housing Loan
Fixing Period: 1 Year
Housing Loan: 7.00%
Property Equity Loan: 7.50%
Fixing Period: 2 Years
Housing Loan: 7.25%
Property Equity Loan: 7.75%
Fixing Period: 3 Years
Housing Loan: 7.50%
Property Equity Loan: 8.00%
Fixing Period: 4 Years
Housing Loan: 8.00%
Property Equity Loan: 8.50%
Fixing Period: 5 Years
Housing Loan: 8.50%
Property Equity Loan: 9.00%
Fixing Period: 10 Years
Housing Loan: 9.50%
Property Equity Loan: 10.00%
Fixing Period: 15 Years
Housing Loan: 10.50%
Property Equity Loan: 11.00%
Fixing Period: 20 Years
Housing Loan: 12.00%
Property Equity Loan: 12.50%
Auto Loan
| Scheme: | In Arrears | One Month Advance | ||
Term (in Months) | Add-on Rate | Effective Rate | Add-on Rate | Effective Rate |
12 | 4.91% | 8.94% | 4.21% | 9.11% |
18 | 7.19% | 8.90% | 6.46% | 8.98% |
24 | 10.46% | 9.74% | 9.66% | 9.83% |
36 | 16.47% | 10.18% | 15.56% | 10.23% |
48 | 22.38% | 10.28% | 21.39% | 10.30% |
60 | 28.76% | 10.43% | 27.70% | 10.45% |
Information Courtesy of Bank of the Philippine Islands
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Inquiries regarding the interest rate of short and long term business loan.
I want to apply for personal loan maximum of one million any rqts n how to avail.
Thank you.
how much the interest for 20k payable in 1year, and requirements po