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BPI PERSONAL LOAN – How Much Is the Required Income in Applying

Guide on the Required Income Set Under BPI Personal Loan

BPI PERSONAL LOAN – Here is a guide on how much is the required income in applying for the personal loan offer of the Bank of the Philippine Islands.

Financial emergencies are undeniably very hard to avoid – no matter how you seem to prepare at times. Unwanted hospitalizations may happen and the bills may increase in an unforeseen way.

Meanwhile, there is somehow nothing to really worry about or stress on. As long you know your options, you can always prepare more than simply getting your savings together. It is best to check on the loan offers for emergency cases.

One of the banks with a multi-purpose loan offer is the Bank of the Philippine Islands. The BPI Personal Loan offer may assist you in making ends meet, paying for the utility bills, buying a product, etc.

BPI Personal Loan

Do you want to know how much you can borrow under this loan offer? You may visit – BPI PERSONAL LOAN – Updated Minimum & Maximum Loanable Amounts Under It.

In applying for the said loan offer, the requirements that you need to prepare depend on whether you are employed or self-employed. You may check on the lists below:

For employed applicants and professionals, prepare:

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

For self-employed applicants, prepare:

  • Two (2) valid government-issued photo-bearing IDs
  • Proof of income documents:
    – DTI/SEC business registration certificate
    – Three (3) years audited financial statements (FS)
    – Latest ITR Form 1700 or 1701

Aside from the documentary requirements, the bank has set some eligibility requirements under the BPI Personal Loan. It includes the required monthly income in applying. The applicant must be:

  • between 21-60 years old
  • a Filipino citizen
  • residing or working in an area covered by the services of BPI
  • earning at least Php 25,000.00 per month

Based on an article on iMoney PH, the approval duration may take from eight(8) to thirteen(13) days. Do you want to apply for the said loan offer? For a guide on the process in applying, you may visit – BPI PERSONAL LOAN: How To Apply, Requirements In Applying.

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.

READ ALSO: BPI LOAN OFFERS – Full List of BPI Personal & Business Loans

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