Guide On How Much is the Required Monthly Income Under the BPI Auto Loan Offer
BPI AUTO LOAN – Here is a guide on how much is the required monthly family income in applying for the car loan offer of the Bank of the Philippine Islands (BPI).
Acquiring your own car is more within the reach nowadays as a lot of banks have car loan offers. One of them is the Bank of the Philippine Islands (BPI) which is a trusted and popular giant bank in the Philippines.
Under the said loan offer of BPI, you may apply for the acquisition of a brand new vehicle, a second-hand one, or a brand new truck. All are subject to the credit approval of the banking company.
In applying for the BPI Auto Loan, the bank has posted a set of eligibility qualifications and requirements that applicants must prepare. You may check on them to see if you are qualified for the said offer.
Based on the official website of the Bank of the Philippine Islands, the eligibility qualifications in applying for the said loan offer revolves around the age, monthly income, and nationality of the applicant. To be eligible for the BPI Auto Loan, the applicant must be:
- at least 21 years old but not more than 65 years old on the day that the loan matures
- a Filipino or a foreign national married to a Filipino
- having a total monthly family income of at least Php 30,000.00
Aside from the required monthly income in applying for the BPI Auto Loan, do you want to know how much you can borrow under the said offer? You may visit – BPI AUTO LOAN OFFER – Minimum & Maximum Loanable Amounts Under It.
There is a list of requirements that you must prepare in applying for this BPI loan. You may visit – BPI CAR LOAN REQUIREMENTS: What You Need To Prepare in Applying. Prepare these documents and submit them to the bank for evaluation then wait for the notification from the bank regarding the status of your loan application.
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READ ALSO: BPI LOAN OFFERS – Full List of BPI Personal & Business Loans