Guide on Whether Credit Card Is Needed in Applying for BPI Personal Loan or Not
BPI PERSONAL LOAN – Here is a guide on whether a credit card is required in applying for this loan offer of the Bank of the Philippine Islands or not.
If you are planning to apply for a loan for a purpose apart from buying a house or a car, the personal loan is what you are looking for. It is a type of offer that is multi-purpose and most banks have it.
The Bank of the Philippine Islands or BPI is one of those which have this kind of offer. It is a collateral free loan – meaning there is no need for the applicant to present a property as the collateral in borrowing money.
Under the BPI Personal Loan, you can enjoy low and competitive interest rates, quick loan application approval, high loanable amounts, and flexible loan terms. You may pay for your loan for up to thirty six (36) monthly installments so you can have lighter monthly amortizations.
The loan amount will depend on the approval of the bank. It has something to do with the capacity of the borrower to pay for a certain amount. Do you want to know how much you can possible borrow? You may visit – Minimum & Maximum Loanable Amounts Under It.
For your convenience, you can pay through automatic debit facility. It reduces the chance of missing to pay your monthly amortizations and can help you skip the long lines at the bank.
Most personal loan offers required a credit card. Are you wondering if a credit card is also needed in applying for the BPI Personal Loan?
Based on an article on eCompare Mo, a credit card is not needed in applying for the said loan offer. Also, there is no need for an applicant to have a guarantor as long as he or she goes through the right application process.
You might like to have a guide on how to apply for this offer. 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
