BPI PERSONAL LOAN – How Much You Can Borrow From BPI Family Savings Bank

Guide on How Much You Can Borrow Under BPI Personal Loan (BPI Family Savings Bank)

BPI PERSONAL LOAN – Here is a guide on how much you can borrow under the personal loan offer of BPI Family Savings Bank.

One of the largest banks in the Philippines is the Bank of the Philippine Islands or more commonly known as BPI. Like the other giant banking companies, it also has subsidiary banks.

The BPI Family Savings Bank is a subsidiary bank of BPI. It got its own offers from deposit accounts to credit cards to investment funds and insurance to loan offers. With regards to loans, there is a variety that you can choose from.

You may apply for the personal loan offer, the auto loan, the home loan, or the business loan. If you are not after buying a house or a car or funding a business, you may go for the personal loan which is a multi-purpose loan offer.

Based on the official website of BPI Family Savings Bank, the BPI Personal Loan aims to provide quick cash to the borrowers. How much you can borrow under this loan offer?

• Minimum Loanable Amount – Php 20,000.00
• Maximum Loanable Amount – Php 2,000,000.00

In applying for the BPI Personal Loan, there are requirements and steps that the applicant must go through. Here is a guide on the application process:

Step 1 – Check your eligibility for the loan offer. The applicant must be:

• at least 21 years old but not more than 60 years old when the loan matures
• a Filipino citizen
• working or living within 30 kilometers from the nearest BPI branch

Step 2 – Gather the requirements. It will depend on your employment status.

For employed applicants / professionals, prepare:

• Two (2) valid government-issued photo-bearing IDs
• Proof of income documents [Three (3) months original pay slips; latest BIR Form 2316 or ITR)

For self-employed applicants, prepare:

• Two (2) valid government-issued photo-bearing IDs
• Proof of income documents [Three (3) months original pay slips; latest BIR Form 2316 or ITR)

Step 3 – Submit the requirements. Have the documents checked and evaluated by the bank staff or officer.

The officers of the BPI Family Savings Bank will assess the capacity of the applicant for the loan. The bank will then inform the applicant regarding the status of the loan application.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

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