Guide on How Much Is the Late Payment Penalty Fee Under BPI Personal Loan
BPI PERSONAL LOAN – Here is a guide on how much is the late payment penalty fee under the personal loan offer of the Bank of the Philippine Islands.
Nowadays, personal loans have become the turn-to of a lot of people. These are quick cash loan offers provided by banks, government agencies, lending companies, and financing firms.
One of the banks that has this type of loan offer is the Bank of the Philippine Islands. It is more commonly called as BPI and has a lot of branches around the Philippines. It is one of the giant banking companies in the country.
Under the BPI Personal Loan, you may apply to make ends meet, to travel, to purchase an appliance or another item, to host an event, to put up a fund for a purpose, etc. Under it, you may obtain the cash in as fast as one (1) to two (2) days since the loan signing.
Who are eligible to apply for this BPI loan offer?
The applicant must be…
- at least 21 years old upon the loan application
- at least 60 years old upon the maturity of the loan
- a Filipino citizen
- working or residing within 30 kilometers from the nearest BPI branch
You may like to know about the loanable amounts under the said loan offer. You may visit – BPI PERSONAL LOAN – Updated Minimum & Maximum Loanable Amounts Under It.
You may pay for the loan in 12, 18, 24, 30, or 36 monthly installments. You can really choose loan options that can lighten the monthly amortization for you. Also, you may pay over the counter or through an automatic debit arrangement (ADA).
In case you missed your monthly payment under the BPI Personal Loan, you may be charged of the late payment penalty fee. According to the bank, it is equivalent to 5% of the monthly due of the payer.
Are you interested to apply for this BPI loan offer? You may do it online. For a guide, feel free to visit – APPLY BPI PERSONAL LOAN – Guide in Applying for BPI Personal Loan Online.
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