Guide on Who May Apply for BPI Business Term Loan
BPI BUSINESS TERM LOAN – Here is a guide on who may apply for this loan offer of the Bank of the Philippine Islands.
One of the banks with business loan offers is the Bank of the Philippine Islands. More commonly called as BPI, this bank got a lot of branches across the nation thus offers are really accesible.
With regards to its business loan offers, one of them is the Term Loan. Under this loan offer, there are two (2) categories – the Short Term Loan and the Long Term Loan.
The Short Term Loan can assist you in on-the-spot financing and widening the business capital. The Long Term Loan is open for any of the following purposes:
- Business Expansion
- Franchise Financing
- Purchase of Fixed Assets and Equipment
- Purchase / construction / renovation of condominium unit / residential property for lease
- Purchase / construction / renovation of commercial property
- Refinancing of existing commercial loan / mortgage
Do you want to know who may apply for the BPI Business Term Loan?
To be eligible to apply for the BPI Business Term Loan, the applicant must be:
- a Filipino citizen
- of legal age but not more than 65 years old upon the loan maturity
- an entrepreneur with at least a three-year profitable business operation or
- individual with at least three years of stable income
With regards to the loanable amounts under the said BPI loan offer, you may visit – BPI TERM LOAN – Minimum & Maximum Loanable Amounts.
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 INTEREST RATES – List of Interest Rates Under BPI Loans
