BPI Loan Deduction Fees Applicants Should Expect
BPI LOAN DEDUCTION – Here is a guide on the fees that may be deducted from the loan proceeds under the Bank of the Philippine Island’s personal loan offer.
The Bank of the Philippine Islands or more commonly known as BPI has a lot of loans offered to the public. It has the BPI Housing loan for those who wanted to acquire a residential property.
The private giant bank also has the BPI Car Loan for those who wanted to buy a new or second-hand vehicle. For those who are into business, you may consider the BPI business loans offered by the bank.
But for those who are into other purposes, you may apply for the BPI Personal Loan. It can help you reach your personal goals, cope up with the expenses, or make big purchases.
Under the BPI Personal Loan, you may borrow money collateral-free or without putting any of your property at risk. You may also pay for it up to 36 monthly installments.
The private bank is one of those that offers the lowest interest rates when it comes to loans. According to it, you may pay as low as Php 796.00 per month.
With regards to the BPI Personal Loan deduction, there are some fees that would be subtracted from the loan proceeds but they are at the lowest rates.
Based on the official website of the bank, Php 1,500.00 would be deducted from the loan proceeds for the processing fee.
For loans that would exceed Php 250,000.00, a Php 1.00 Documentary Stamps Tax for every Php 200.00 would be deducted.
Are you interested in applying for the loan? Visit – BPI PERSONAL LOAN: How To Apply, Requirements in Applying.
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READ ALSO: BPI PERSONAL LOAN AMOUNT – Maximum Loanable Amount, Term
